What Happens the Monday After You Sell?
What happens the Monday after you sell your practice?
For many practice sellers, the answer comes as a huge surprise.
The practice that once shaped your daily routine, provided your sense of purpose, and occupied much of your mental energy is suddenly no longer yours. The identity of being an owner gives way to something new. The transition can be liberating.
“After the closing, I felt like the weight of the world was off my shoulders.
Having sold the practice and the real estate, I no longer risked burdening my
family with business matters should I experience a future health event nor risk
erasing the value of my practice. I highly recommend Practice Endeavors
services to anyone looking to sell their dental practice.”
— Joseph G. Marcius, DDS - Akron, OH
At Practice Endeavors, we believe emotional readiness, personal preparation, and a clear vision for the next chapter of life are some of the most overlooked aspects of transition planning. While some advisors are solely transaction oriented, our goal is to help practice owners make the right decision at the right time for them. Sometimes that means moving forward with a sale soon. Other times, it means developing a solid plan that positions an owner for a transition several years on down the road.
We are comfortable helping practice owners prepare in advance for a sale because we understand that emotional readiness matters. However, waiting without a plan carries risks of its own. Many owners assume that delaying a transition is the safest option. It’s not. The cost of waiting can become significant, potentially erasing 90% of practice value.
As we celebrate the 250th anniversary of the founding of our nation, we are reminded to be wise stewards of the resources and opportunities entrusted to us by our Creator. A dental practice is more than an asset. It represents years of hard work, relationships, and impact. Stewardship involves protecting monetary value and non-monetary value while also preparing for the future. The goal is to maximize the chances of a healthy transition for you, your family, your staff, and your patients.
The Monday after you sell will arrive sooner than you think. The question isn't whether you'll eventually transition out of practice ownership. The question is whether you'll be prepared when that day comes. Will your family be protected? Will your life's work retain its value? Will you be emotionally ready for what's next?
If you're wondering what your own Monday after the sale might look like, we'd welcome a confidential conversation. Click the button below to connect with our team and begin exploring your options, whether you're considering a transition next year or ten years from now.
Take control of your future
PVA℠ helps practice owners prepare for the inevitable transition of their practices to new ownership.
J. Robert “Bob” Brooks, CEPA, CBI
J. Robert “Bob” Brooks, CEPA, CBI, leads Practice Endeavors, an Ohio-based practice brokerage and dental realty company. His company provides practice owners with the tools they need to prepare well for life after practice ownership and to find the best price/best fit buyers for their seller clients. Bob was integral in starting the first of its kind dental practice broker credentialing for the International Business Brokers Association.
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