True North Practice Transitions

Selling an orthodontic practice is a significant milestone in a practitioner's career. Whether you are nearing retirement, seeking a new professional direction, or simply ready to transition to the next phase of your life, successfully selling your practice requires careful planning and consideration. In this blog post, we will explore the essential factors to keep in mind when selling your orthodontic practice, providing valuable insights to guide you through the process.   Preparing for the Sale:   Before embarking on the journey of selling your orthodontic practice, it is crucial to prepare both personally and professionally. Evaluate your goals, timeline, and financial expectations for the sale. Consider seeking guidance from practice transition specialists or consultants who can help assess the value of your practice and guide you through the intricacies of the selling process. This includes conducting a thorough practice valuation, analyzing financial records, and addres...

If you're an orthodontist looking to buy or sell a practice, it's important to understand the process and the potential challenges that may arise. Whether you're looking to expand your practice or retire, here are some key things to consider.   When buying an orthodontic practice, it's essential to do your due diligence. This includes researching the practice's financials, patient base, and staff. You'll also want to assess the physical space and equipment to ensure they're in good condition. It's important to work with a dental broker or attorney who specializes in practice sales to help you navigate the process and negotiate a fair price.   On the other hand, if you're selling your practice, it's important to prepare your practice for sale by ensuring your financials are in order and your staff is well-trained and organized. You'll also want to ensure that your physical space and equipment are in good condition and that you have a solid pat...