S1E10 - Transforming Your Dental Practice into a Valuable Asset and Strategies for a Profitable Exit

Closing the Deal: Dental Practice Sales

Most dentists don’t realize that they could be leaving millions on the table when they come to sell their practice. Don’t be one of them!

There are plenty of things you can start doing today to increase the value of your practice so that buyers start lining up to make you an offer. From increasing operational potential to maximizing efficiency, there’s almost always something you can do to unlock more value from your practice.

In this episode, we hear from Eric J. Morin, President and Founder of Tower Leadership, whose extensive background in business strategy, finance, and dental practice growth helps dentists maximize their EBITDA and practice value.

Eric shares the top mistakes he sees dentists make when calculating their value, actionable ways to increase your value and profits (even without buying more practices), plus the importance of management in your next stage of growth.

In This Episode:

• A bit about Eric’s his background and how he got involved in the dental world
• Why Eric decided to create a company to help dentists build a holistic game plan
• Are you ready to sell? Weighing up proactive vs. reactive reasons
• Why you need to know ‘your number’ before deciding to sell
• Why CPA figures should NOT be used for practice valuation (and what to use instead)
• How to grow your practice without scaling the number of locations
• The biggest mistakes Eric sees when trying to grow EBITDA
• Is your management right for your next stage of growth?

Resources:

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Download The Dental EBITDA Handbook: https://link.dentalpitchbrokerage.com/widget/form/x45Iy9iZhayIriHmfNfb