Articles

The plan was always for an associate of the practice to spend time working in the practice, see the value and buy equity. I saw this as my succession plan, and had told dentists this when they started working in the practice, but it didn’t work out. After a few attempts at this, and having a few associates come and go, I learned I couldn’t rely on this method to sell my practice. I contacted Practice Sale Search and we had lunch and agreed to push ahead. I might be old fashioned, but I thought that because I had a country practice, it would be harder to sell than a city practice. I really thought the practice would take a while to sell. But a few weeks later they were showing people through my practice. It blew my mind away when, after the second showing, someone made an offer I was happy with. I was so surprised! I offered to stay on post-sale. I wanted to help with the transition and I want to see the practice continue to grow, even after I leave. I spoke to the buyer about this prior to him taking it over, and he said to me I could work there as long as I wanted to.