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What Went Wrong: My Transition Fell Through After Months of Planning

Posted by Dr. Suzanne Ebert, ADA Advisor on 9/4/20 8:45 AM

Sometimes even the best-intentioned transitions fall apart. All too often, this happens because both parties overlooked the basics: clear communication and putting everything in writing. A few key actions can minimize the back and forth while keeping your transition on schedule.

Read on for one scenario in which a buyer and seller just couldn’t make it work, then learn how you can avoid similar problems.

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Topics: what went wrong

What Went Wrong: The Practice Wasn’t Ready for an Associate

Posted by Dr. Suzanne Ebert, ADA Advisor on 2/12/20 12:43 PM

Dental practices can grow slowly over several years – then suddenly reach a tipping point where an owner feels they need to hire an associate ASAP. But it is important to prepare the practice before hiring anyone.

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Topics: "find an associateship", what went wrong

What Went Wrong: My Path to Retirement Got Way Too Bumpy

Posted by Dr. Suzanne Ebert, ADA Advisor on 1/29/20 9:00 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.

 

Retirement should be a well thought-out event that you take ownership of. To truly take control of your future, retirement planning should start years – even decades – before you anticipate finishing your career.

Here are two scenarios that illustrate what happened when a doctor did not completely think through their exit plans, along with suggestions to help you avoid the same fate.

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Topics: retiring, selling a practice, what went wrong

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

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

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

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