If retirement has been on your mind for a few years, it’s time to call the team from Blatchford Transitions.
Dr. Bill Blatchford and Dr. Christina Blatchford started the dental brokerage firm to help dentists just like you retire comfortably by selling your dental practice to the right person and for the right price.
A Dental Transition Takes Time
Whenever you decide to retire, you still need a solid plan. Blatchford Transitions recommends that you start planning your transition at least 5 to 7 years before you go ahead with your retirement. Having a solid plan before you retire is even more important if you are a dentist as there are several things to consider.
What Kind of Dental Transition Do You Want?
One of the first things to ask yourself is what type of dental transition do you want. Are you looking to retire completely from dentistry, or would you prefer to stay on during the transition? Doctors who want to keep working have several hoops to jump through before that can happen. Firstly, your practice needs to be able to support two incomes; secondly, you need to be able to work with the person who is buying your dental practice.
Selling Your Dental Practice with a Professional
While you are considering what kind of dental transition you want, you also have to consider who is going to sell your dental practice. If you follow the Blatchford Transitions Blog, you will know that selling a dental practice on your own is far different from selling your home. In fact, selling your dental practice without a broker could have far-reaching consequences and they aren’t always good ones.
A Dental Transition with a Brokerage Firm
Blatchford Transitions has seen their fare share of disastrous transitions. Most of these disasters could have been prevented if the doctor had hired a dental broker. Sadly, some doctors don’t have the knowledge or experience to sell a dental practice and end up with a bad deal, or worse yet, no deal at all. If you don’t work with a dental brokerage firm, it will take much longer to sell your practice.
Help with Your Dental Transition
Some dentists are forced to wait five years before selling a dental practice because they didn’t work with Blatchford Transitions. Dr. Bill and Dr. Christina are also dental coaches and have the experience to help your dental practice grow.
With dental practice management systems, a dental coach can actually help you sell your practice for much more than you thought it was worth.
If you are considering a dental transition regardless of where you are in your career, call and schedule a no obligation consultation with a dental broker from Blatchford Transitions today.