I have talked to many dentists over the last several weeks and noticed that recent conversations have taken on a new tone as we all navigate the COVID-19 situation.
Last week we kicked off new topics for the ADA Practice Transitions Coffee Talk webinar series with some fantastic advice from a pair of dental CPAs. Chris VanStraten and Andy McCarty of Baker Tilly, founding member of ADCPA, walked us through some of the ways that COVID-19 is changing dental practice sales.
During the webinar, Chris and Andy explored:
Topics: selling a practice
Kristen started her practice search on job boards.
Joe was exploring a sale with a practice management company.
In both cases, they could not get what they needed – until they turned to ADA Practice Transitions.
Topics: transition tales
Now is a great time to have some important conversations with your family about how your career affects your collective future. Most of you have never been allowed this kind of focused time to evaluate your true priorities as a family.
Emily Ishkanian, former chair of the ADA New Dentist Committee, joined a practice that turned out to be the wrong fit for her long-term goals. She shared her experience with ADA Practice Transitions. Read on for her story and 5 lessons for other dentists.
Topics: transition tales
As a profession, we dentists have been challenged in many ways, at so many times, and we have responded with thoughtfulness, compassion, and caring. I am proud to be a part of a group of people who are willing to sacrifice so much just to care for our patients and communities. Let’s remember that we are a small group of highly trained individuals whose services will always be needed – we will bounce back from this.
So how can we navigate these times when practices are closed? After all, even the most introverted of dentists is used to interacting with people each day. I have a few ideas to help you stay positive through the coming weeks.
We want to reach out to let you know that we at ADA Practice Transitions are here to support you in any way possible during this crisis.
Whether you are looking for your first dental job or ready to move on, associateships are on your mind. But what type of practice is just right for you? What should you look for? What should you watch out for?
ADA Practice Transitions will find you the right practice or dentist to help you take the next step in your dental career.
Through ADA Practice Transitions, I work with many dentists who are looking to buy a dental practice. While it is tempting to search for the “perfect practice,” I ask dentists to keep an open mind and find a practice with a great foundation – one that you can transform into your very own dental dream home.
Just like with homeownership, you have two basic choices when it comes to dental practice ownership. You can build it new, or you can buy an existing practice. The reality is that it is often financially advantageous to find a practice – a fixer-upper, if you will – that you can adapt to fit your vision.