Top 4 Practice Sale Killers

Posted by Bill Kimball, DDS on June 29, 2017 at 3:00 AM

When it comes time to sell your practice, knowledge is power. As a partner at Integrity Practice Sales and the founder of Kimball Consulting, Inc., Bill Kimball, DDS has guided over 750 dentists to success in their practices and into retirement. He’s seen the good, the bad, and the ugly. Today, Dr. Kimball will be sharing how to avoid the top mistakes that dentists make when they sell their practice!

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Topics: Buyers, Sellers

Work-backs: Safety Net or Transition Time-bomb?

Posted by Trevor Kimball on March 17, 2017 at 1:40 PM

 I received several questions last week about work-backs, where doctors who sell their practices are contractually obligated to stay and work in the practice for several weeks or months after the sale to provide treatment and “introduce the patients to the new doctor”.

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Topics: Buyers, Sellers

Interest Rates & Practice Values

Posted by Trevor Kimball on March 7, 2017 at 1:40 PM

 You may have seen it in the news: interest rates are about to go up. And if you’re thinking about buying or selling a dental practice in the next few years, it’s time to pay attention.

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Topics: Buyers, Sellers

Considering a Partnership?

Posted by Trevor Kimball on January 6, 2017 at 4:23 PM

You’ve finally reached the point in your practice where you can’t handle all the dentistry your patients need. If you’re planning to transition into group practice or partnership, you must be sure to take your time and get it right.

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Topics: Practice Finance, Buyers, Sellers, Transitions

Avoid Tax Avoidance

Posted by Bill Kimball, DDS on November 18, 2016 at 8:28 PM

 What makes me nervous as a broker? There are many different aspects of a practice sale that could go awry, but there is one thing in particular that immediately gives me that sinking feeling: whenever a doctor tells me he has a ‘savvy’ or ‘aggressive’ accountant.

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Topics: Practice Finance, Sellers, Tax Issues

Avoid these five pitfalls to ensure a successful purchase and transition.

Posted by Trevor Kimball on November 10, 2016 at 11:09 AM

By  Matthew Christie, VP 

As a lender who specializes in the dental industry, I have worked with hundreds of buyers on transition into practice ownership. The vast majority of these have gone extremely well, but there have been a few where things did not go exactly as planned. Based on those experiences, I’ve identified five common pitfalls that caused problems and unnecessary stress. Avoiding them can ease the way for prospective practice owners.

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Topics: Practice Finance, Buyers

Top 5 Tasks To Prioritize Before Deciding To List Your Practice

Posted by Trevor Kimball on October 27, 2016 at 2:12 PM

Remember that you have spent a large portion of your life building a brand, so make sure your exit is as great as you deserve!

Written by John Pol, Western VP Professional Practice Solutions, East West Bank

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Topics: Practice Finance, Sellers

5 Steps to Financially Prepare for Purchasing a Dental Practice

Posted by Trevor Kimball on October 22, 2016 at 1:38 PM

Purchasing a dental practice is a big decision for any dentist. Are you sure you're ready?

Written by Tim Rosenthal, SVP, Heritage Bank of Commerce

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Topics: Practice Finance, Buyers

What Is My Practice Worth?

Posted by Trevor Kimball on September 30, 2016 at 1:00 AM

This is one of the most common questions we receive at Integrity Practice Sales. And it makes sense – you’ve devoted a huge part of your life to your practice! If you're thinking about selling your dental practice, understanding practice values is key. 

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Topics: Sellers

How to Transition like Abraham Lincoln

Posted by Bill Kimball, DDS on September 16, 2016 at 3:00 AM

Two lumberjacks started work one day with a bet. Each wagered they could cut the most timber. At the end of the day, the losing lumberjack couldn’t understand how he had lost. The victor took an hour long lunch and several breaks! When he accused the winner of cheating, the victorious lumberjack turned and said, “You didn’t notice that during my breaks I was sharpening my axe.”

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Topics: Sellers

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