Transition Talk

In episode 13, we dive into the first of our “Real Life” series and re-examine the interview and finding the opportunity (Episodes 2 & 3)but with real life examples. We walk through times when clients followed all the “rules” and times they didn’t, and talk about the outcomes. The moral of the story is that this is challenging and emotional process that you can mess up (but we hope you don't)! We...

In episode 11, we started the discussion about the legal documents. We talked big picture and focused on how to get the right attorney on your team to keep the process from derailing your transition. In this episode, we focus on the main agreement, most commonly known as the Asset Purchase Agreement, and the major negotiated terms we like to see within this agreement. From re-treatment to the sell...

Legal documents are a critical step in the transition process – its where the negotiations are formalized into the actual documents governing your transition. Asset Purchase Agreement, Partnership Agreement, Operating Agreement, Bill of Sale, Non-Competition and Solicitation – so many documents! Your transition type will govern what documents you need and understanding those will help in your succ...

In this episode of Transition Talk we continue our discussion from Episode 9 but focus on those looking to transition to a partnership! As with a partnership, transitioning a practice is a full spectrum decision that can impact you financially, emotionally and can alter the rhythm of your practice. In this partnership focused episode we give you insight and resources to know how to know if you mig...

In this episode of Transition Talk we switch gears a bit and focus on the other side of the transition coin, so sellers, listen up! Transitioning a practice is a full spectrum decision that can impact you financially, emotionally and can alter the rhythm of your days. In this episode we focus on the outright or “walk away” type of sale and how you know you might be ready and more importantly how t...

Oh, mistakes and hindsight! Not all in the transition world is rosy! In this Transition Talk we highlight some of the most common mistakes a buyer and new owner can make in the diligence phases and early ownership. We also talk about how to potentially avoid those snafus so you can get to the finish line of practice ownership and start out on the right foot.

The letter of intent is where it all starts. In this episode, we talk about what the letter of intent means, what terms need to be included, who the players are in the process and the various levels of formality your offer may or not be depending on your situation. As always, communication is key, but we have some good tips and insight into this critical process! We’ve also posted some more detail...

Student Loan Debt – three words that you know well and dread talking about. In this episode of Transition Talk we tackle our thoughts on student loan debt and how that relates to practice ownership. We believe you can do both and believe that owning a practice can get you to debt free faster! Check out our blog for resources: http://www.nationaldentalplacements.com/tt-ep-6-student-loan-debt-bonus/

At NDP we aren’t experts on everything and we pride ourselves on making sure that we connect our clients to those people who are the best at what they do in dentistry, so you can feel confident in your team. In this Bonus episode of Transition Talk, we interview Travis Hornsby, the founder of the Student Loan Planner, who does this day in and day out for clients like you. He has great insight and...

In this Transition Talk - Unplugged, Charles discusses what makes pediatric practices and pediatric transitions unique and why owning a pediatric practice can be a smart plan if done correctly!

Debt – a dreaded word, but one we want you to embrace and understand so you can make the best decision about your future! In this Transition Talk we discuss practice lending – the terminology, the process, what banks are looking for and how to prepare yourself to be in the best financial position when you are ready to own.

Once you know you like and love the doctor and the location – how do you know if the practice lives up to your expectations both financially and operationally? In this Transition Talk, we offer guidance on when in the process asking for the financials make sense and how to respectfully ask and explain why you need to review the financial and operational information. We also provide a key list of d...

Making a good first (and second) impression can be the key to getting the practice you want, especially when there is a pool of competing buyers. In this Transition Talk we provide tips on what to do and what not to do in the interview process.

Sometimes you know you want to be a practice owner but can’t quite figure out where you want to be geographically or how to find a practice in the area you want to settle down in. In this episode of Transition Talk we provide our proven tips on how to find available dental practices and how to plant the seeds for transition!

Welcome to Transition Talk! In this inaugural episode, we take a few minutes to introduce ourselves, give you a quick overview of why we do what we do and what to expect on upcoming episodes….Stay tuned for the good stuff!