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Your colleagues in the practice transition community (the community of specialists who help dentists sell or purchase a dental practice) will tell you that the dental practice sales process is an exciting yet complicated, and eventful endeavor that can be a great success if you come well prepared and do some forward-thinking and strategic planning. If you are a seller who wants to retire, or if you are a buyer who wants to grow your career, knowing the critical points can make the difference between good and less than good outcomes. The Seller: How to Prepare the Practice for Sale There’s more than just finding a buyer when selling a dental practice. It means attempting to make your practice as enticing as possible. Evaluate Practice Worth : Initiate with a professional practice valuation that accounts for factors such as patient base, revenue, equipment and goodwill This action will guide you in determining a fair asking price. Keep Records : Clear financial, legal and operational rec...