The starting point for any type of plan is defining its goals. In the case of planning a business exit, that means to “exit your business in style.” Having worked with dentists to create over a hundred successful exits, we know how critical it is to establish your principal exit objectives before moving forward with your Exit Plan. We help visualize your future, set achievable goals, and devise strategies to start you in the direction of your post-transition dreams, well in advance of your intended transition time frame.
The three main points in this first step are:
- How much cash do you need when you exit to support the lifestyle you desire? (Do you want to be cashed out when you leave the business or are you willing to receive the purchase price over time?)
- When do you want to leave the practice? (Or, how much longer are you willing to remain active in the practice?)
- To whom do you want to sell / transfer the practice? (To a child? An associate? Co-owner? Or perhaps to an outside practitioner who can pay top dollar?)
We work with you on these initial goals, and then through every aspect of the process that will get you there.
Simply build a vision of your future—what life looks like after private practice. With the right expertise, you can ensure that retirement is a great experience.