We advise our buyer and seller clients to start as early as possible assembling their transition team:
- An accountant who has experience working with dentists through dental transitions is a great place to start. Even if you do not have a practice you are considering, interview and hire that person now for to start reviewing your financial picture, to be on the lookout for opportunities that fit your needs, and to help position you for a profitable future. Here is an excellent resource on the subject from thought leader Dr. Howard Farran.
- A skilled attorney with dental experience is a critical team member as they review the fine print in all agreements, contracts, or letters of intent during your entire career…and especially during transition time. We hear too often from dentists who wish they had heeded this advice. Check out our articles written by trusted attorneys with dental experience on DDSmatch Academy.
- Bankers, Financial Planners, and Practice Management Consultants are all potential members of your team, too. We have a good selection of these advisors we can refer to you to interview to ensure you establish a strong transition team.