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Thinking about the future of your practice? In this episode, Gary shares a practical, five-step game plan for setting up a smooth and successful transition. Whether you’re years away or just starting to consider a transition, these steps can help you maximize your practice’s value and create a process that feels right for you and your team. From keeping productivity steady to preparing financially, Gary covers it all in a way that’s straightforward and easy to put into action. Give it a listen—you’ll get clear, actionable advice to help you feel confident about what comes next!
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Timestamps
- 00:00:27 – Introduction
- 00:00:57 – Announcements
- 00:02:47 – Clinical Tip by Dr. Tif Qureshi on “Preventive Dentistry”
CIA Segment
- 00:08:43 – Plan Ahead for Practice Transition
- 00:13:00 – Avoid the Common Behavior of Coasting
- 00:15:16 – Master Digital Marketing for Consistent Patient Flow
- 00:17:39 – Invest in the Physical Appearance of the Practice
- 00:21:37 – Focus on Making your Hygiene Department as Strong as Possible
- 00:24:32 – Consider Resigning from Some If not all of Your PPO Plans
Q & A Segment
- 00:28:08 – Q1 – How can I accurately assess the value of my dental practice before transitioning?
- 00:34:02 – Q2 – Strengthening marketing is one of the things you said I must do to increase my financial health in preparation for a transition. Can you talk more about that?
- 00:37:16 – Q3 – How can I determine if it might be more beneficial to sell my practice to a DSO, rather than sell more traditionally to another Dentist?
- 00:43:29 – Q4 – Are there any general guidelines to follow when it comes to informing my patients about a future transition?
Resources
Gary became a successful practice owner by purchasing a fixer-upper practice and developing it into a world-class dental practice. He is passionate about sharing his hard-earned insights and experiences with dental practices across the globe.