Practice Orbit Blog
Podcast: How Are Dental Practices Valued?
Continue Reading navigate_nextValuing a dental practice is one part science and one part emotion. The science is in the numbers—what the bank sees and uses to calculate the amount, they will loan. The emotion part is everything else—the location of the dental office, condition of the equipment, the patient base, the recall program and many factors.
How to Sell My Dental Practice: A Step-by-Step Guide to a Successful Transition
Continue Reading navigate_nextIf you're asking, "How to sell my dental practice?" you’re likely facing one of the most important decisions of your professional career. Selling a dental practice isn’t just about listing it for sale—it’s a multifaceted process that requires careful planning, precise timing, and deep understanding of both financial and emotional aspects. In this blog post, we’ll walk you through the key steps to selling your dental practice, discuss the challenges you may encounter, and show how Practice Orbit can help streamline the entire process to achieve the best outcome.
Which Dental Practice Commands the Highest Selling Price? Key Factors That Influence Practice Value
Continue Reading navigate_nextIf you're considering selling your practice, one of the first questions that might come to mind is, "Which dental practice commands the highest selling price?" While there is no one-size-fits-all answer, certain types of practices and specific characteristics consistently command higher sale prices in the dental industry. In this blog post, we’ll explore the key factors that can drive the highest value in dental practice sales, offer examples of what might increase your practice’s worth, and discuss how Practice Orbit can help you navigate the complex process of maximizing your practice’s sale price.
Who Is Best at Determining the Actual Value of a Dental Practice You Are Selling?
Continue Reading navigate_nextWhen preparing to sell your dental practice, one of the most important questions you’ll need to answer is, “Who is best at determining the actual value of a dental practice you are selling?” This question is critical because overestimating or underestimating your practice’s value can have serious financial consequences, either leaving money on the table or pricing your practice out of the market. In this blog post, we’ll explore the key players involved in dental practice valuation, highlight why getting an accurate assessment is essential, and discuss how Practice Orbit helps you confidently determine your practice’s true value.
Do You Have to Send a Letter to Patients When Selling a Dental Practice?
Continue Reading navigate_nextSelling a dental practice involves many moving parts, and one important question that arises during the process is, "Do you have to send a letter to patients when selling a dental practice?" While the answer can vary based on your specific situation, in most cases, sending a letter to inform your patients is not only a good practice but also an essential step in ensuring a smooth transition. In this blog post, we’ll explore why notifying your patients is important, how to craft an effective patient letter, and how Practice Orbit can guide you through this often delicate process.
What Are Dental Practices Selling For? A Comprehensive Look at Dental Practice Valuation
Continue Reading navigate_nextWhen it comes to selling your dental practice, one of the first questions that comes to mind is, "What are dental practices selling for?" This seemingly simple question opens the door to a multitude of complexities involving valuation, market trends, and specific buyer considerations. In this blog post, we'll explore the key factors that influence what a dental practice might sell for, discuss some of the intrinsic challenges of the selling process, and show how [Practice Orbit](https://www.practiceorbit.com) can be your partner in navigating this important transition.
What Are the Financial Considerations When Selling a Dental Practice?
Continue Reading navigate_nextSelling a dental practice is one of the most significant financial decisions a dentist will make in their career. While it can be the key to a well-earned retirement or a career shift, the process is often more complex than anticipated. The financial considerations when selling a dental practice are vast, and understanding these details is crucial to ensuring a successful and profitable transition.
How to Sell a Dental Practice Myself: A Guide for Dentists
Continue Reading navigate_nextSelling a dental practice is one of the biggest milestones in a dentist’s career. You’ve spent years building your patient base, growing your team, and investing in the latest technology to provide excellent care. Now, it’s time to move on, and you might be wondering, “How can I sell my dental practice myself?”
How Much Tax You Pay When You Sell a Dental Practice: Key Considerations
Continue Reading navigate_nextIf you’re a dentist thinking about selling your practice, one of the first questions that likely comes to mind is: How much tax do you pay when you sell a dental practice? It's a question I’ve seen many of my clients struggle with, as they prepare for a smooth exit, only to find that the tax bill eats into their hard-earned profits. The good news is that with some smart planning and guidance, you can minimize the tax hit and maximize your financial return.