Retiring from dentistry is a choice that can have far-reaching consequences.
As a dentist, you have probably build a successful practice, established a good local reputation and a loyal team and patient base.
Whether you purchased the practice from another doctor or built it from scratch, your business has been a massive part of your life for decades so retiring from dentistry is a massive transition.
Retiring from Dentistry is Emotional
Retiring from dentistry and selling your dental practice can be a difficult transition, but it doesn’t have to be.
According to Dr. Bill Blatchford and Dr. Christina Blatchford from Blatchford Transitions, your dental practice is a legacy that holds a huge emotional attachment for you and your family. That emotional component is what some doctors don’t think about when they are retiring from dentistry.
If you follow the Blatchford Transitions Blog, you will know that selling a dental practice isn’t the same as selling a vacation home.
Retiring from Dentistry Are You Ready?
Before you jump in the deep end and make some decisions that could affect the rest of your life, and the lives of your family, Blatchford Transitions recommends that you ask yourself the tough questions before you sell your dental practice.
Firstly, you need to ask yourself if you are ready both financially and emotionally to sell your dental practice. Secondly, you should have a plan for retirement. Are you going to travel the world, stay on at the practice, or become a volunteer? Thirdly, you need to decide HOW you are going to sell your practice. Are you going to retire immediately, or transition to a part time dentist, before stepping away entirely after a year?
Getting Ready to Sell Your Dental Practice
Any type of transition takes planning. Before you jump in the deep end, you will need a professional dental broker to help you get everything together for the sale. Once you have your financials and everything else ready, the team from Blatchford Transitions will get your dental practice to the right people.
Because Dr. Bill Blatchford and his daughter Dr. Christina Blatchford are practicing dentists and dental coaches, they understand everything there is to know about selling a dental practice.
If you are retiring from dentistry and selling your dental practice, call and talk to a professional from Blatchford Transitions. When you work with a professional dental broker, you won’t have to wait five years for the perfect buyer.