Top 10 Questions for Every Practice Owner

How do you see your involvement in your practice changing in the future?

What role does your practice play in helping you achieve your financial freedom?

Every practice owner leaves dentistry someday. What is your practice transition plan?

Which methods have you used to determine the value of your practice and how confident are you in that process?

What suggestions have other practice advisors given you to prepare you for the future transition of your practice to new ownership?

Which obstacles do you think could derail your practice goals and personal goals in coming years?

What do you think will happen to your patients and to your staff if something happens to you?

What’s your next great adventure after you transition your practice to new ownership?

Have you thought about who the best buyer for your practice would be?

At this point in time, should you be focusing on enhancing the value of your practice and growing your profitability or focusing on practice transition planning?