What Went Wrong: I Overlooked the #1 Thing That Mattered Most

Posted by Dr. Suzanne Ebert, ADA Advisor on 11/13/19 9:01 AM

This is part of the “What Went Wrong Wednesdays” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.

At ADA Practice Transitions, we place a heavy emphasis on making sure incoming doctors share a similar philosophy of care as the practice owner. While it may not be immediately apparent, having a shared approach is critical to the success of your future career or retirement plan, even if you are planning to sell and walk away.

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Topics: owner dentist, retiring, purchase a practice, selling a practice, what went wrong

Matching in More States, Giving You More Options

Posted by Bree Simmers on 10/21/19 11:00 AM

 

 

By popular demand, ADA Practice Transitions (ADAPT) is expanding!

Starting today, dentists who either own a practice or want to work in Indiana, Iowa, Kentucky, Michigan, Minnesota and New Hampshire can create an ADAPT profile!

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Topics: retiring, looking for a job, purchase a practice, selling a practice, expanding my practice

What Went Wrong: We Disagreed on the Value of the Practice

Posted by Dr. Suzanne Ebert, ADA Advisor on 10/9/19 9:05 AM

This is part of the “What Went Wrong Wednesdays” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.

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Topics: owner dentist, retiring, purchase a practice, selling a practice, what went wrong

What Went Wrong Wednesdays: My Restrictive Covenant Was Too Restrictive

Posted by Dr. Suzanne Ebert, ADA Advisor on 9/4/19 7:05 AM

Welcome to “What Went Wrong Wednesdays,” a series in which we explore common problems of practice transitions – and offer tips to help you avoid them.

Many dental contracts include some version of a restrictive covenant, also called a non-compete clause. These clauses prohibit an employee from practicing within a specific geographical area (typically a defined radius) for a certain period of time after leaving a practice. These covenants generally also have a non-solicitation clause that will bar an associate from directly soliciting the employer’s patients or other employees.

This clause helps protect an owner dentist from competition – but it can also limit an associate’s career movement.

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Topics: incoming dentist, retiring, owner, associateship, purchase a practice, what went wrong

Come Talk Transitions at the ADA Annual Meeting

Posted by Bree Simmers on 8/27/19 1:34 PM

ADA FDI 2019 is a great place to think about your career path. You can earn CE credits, hear best practices, and network with fellow dentists. Our ADA Practice Transitions team will be on site and ready to share the knowledge and resources you need for future success.

We recommend stopping by these sessions to talk transitions with us!

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Topics: retiring, owner, looking for a job, purchase a practice

Shhhhh, I’m Selling My Dental Practice

Posted by Bill Robinson on 8/6/19 7:00 AM

There is a widely-held belief in the dental industry that confidentiality is essential when a dentist decides to sell their practice. This idea is heavily promoted by dental brokers and has been embraced by many dentists. In fact, some dentists report that they had little to no contact with the buyer of their practice until they closed the transaction.

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Topics: confidentiality, retiring, owner

What Went Wrong Wednesdays: 3 Contract Issues that Got Expensive

Posted by Dr. Suzanne Ebert, ADA Advisor on 7/24/19 4:09 PM

Welcome to “What Went Wrong Wednesdays,” a series in which we explore common problems of practice transitions – and offer tips to help you avoid them.

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Topics: incoming dentist, retiring, owner, associateship, purchase a practice, what went wrong

5 Easy Ways to Boost Your Practice’s Curb Appeal

Posted by Dr. Suzanne Ebert, ADA Advisor on 7/17/19 7:15 AM

A practice needs a certain curb appeal to attract buyers – just like selling residential real estate. However, a practice’s curb appeal extends beyond its physical appearance. Buyers want a well-run practice that makes a consistent profit.

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Topics: retiring, owner

6 Ways to Get Staff Buy-in for Your Practice Transition

Posted by Dr. Suzanne Ebert, ADA Advisor on 6/24/19 10:35 AM

Your staff can make or break your practice transition. Change can be scary. Your long-time staff may be apprehensive about the future of the practice – after all, the practice provides their livelihoods, too. However, you can take steps to reassure staff and gain their buy-in. When staff is on board, they can be your biggest advocates and streamline the transition.

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Topics: retiring, owner

Your Information, Your Timing: How We Keep Things Confidential

Posted by Dr. Suzanne Ebert, ADA Advisor on 6/18/19 4:24 PM

We understand how important confidentiality can be as you go through a career transition. If you are a practice owner, you may not be ready to share this information with the rest of the dental community quite yet. Keep in mind that the transition can be smoother if time is taken to prepare and involve your staff before the sale. If you are looking to purchase or change positions, you may not be ready to inform your current employer of your plans. We understand these scenarios and will keep everything fully confidential until YOU decide it is time.

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Topics: confidentiality, incoming dentist, retiring, owner

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