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Practice Transitions

Practice Transition Services | Just for Dentists

Strategic Transition Consulting

Establishing firm objectives is critical for a successful practice transition.

When you start thinking of bringing another dentist into your practice, it is important to have a solid transition plan in place. The transition plan not only helps you to spell out your financial and retirement goals, but also provides you with a road map for the new dentist joining your practice.

Many practice transitions fail because the selling dentist is not prepared for the journey. You would not embark on a holiday trip without knowing where you are going, so why would you start a practice transition without having a clear picture of where you want to end up?

Stephen Covey is absolutely right when he spells out one of the seven habits of highly effective people: Begin with the end in mind. Imagine where you would like to be in five or 10 years from now, and what kind of life you want to live. How much money would it take to finance your desired lifestyle? Once you have gone through the navel gazing exercise about your future, about your "raison d'etre", the journey, surprisingly, will become crystal clear.

Only when you have established firm objectives, will you have a good idea as to the appropriate form of practice transition, and will you be committed to proceed. This is where we at Purtzki & Associates can help. We will work with you to understand your objectives and create a map with an appropriate step-by-step plan for realizing these important objectives.

Begin with an end achievement in mind!

Contact us today for a free consultation.