• Buy and sell dental practice , Dental appraisal , Selling a dental practice ,
• 12 Apr

When you found out about a dental academy for high school students at a local university you asked your parents if you could register. By fall semester of your sophomore year in high school you were spending Wednesday nights in the college dental lab learning about skills and topics that it takes to be successful in the field of general dentistry. Later, you did tons of shadowing with lots of dentists and talked about the various kinds of services they provided as well.

From the beginning you realized that two things would be important: personal relationships and personal passion. You also realized that the technology of dentistry had changed the field in the last two decades. This technology was even apparent to you as you though back on those first experiences you had with the college dental students while you were still in high school. You knew that those students had classes from 8 to 5 and still had enthusiasm to come into and be very kind and very patient with what they hoped would be the next generation of dentists. They talked about technologies that you were vaguely familiar with from your own dental appointments.

Current Dental Students Often Take Time to Mentor the Next Generation

Fast forward again to the job shadowing with two local dentists during your college year and you could again see the role that technology was playing in the care of patients in the city where you lived. The two doctors both had great customer relationships, and knew their patients so well that they details about high school soccer, and the kind of car that their high school patients drove. And while one of the dentists you shadowed had been your doctor you soon realized that the relationship he had with you was not unique, He would go into each of the appointments and you would see that he had that same relationship with all of his patients.
During your job shadow experiences you were also able to witness the transition that dental technology was making in an office. Some dental office, for example, now they still have the most basic hand held x-ray. X-ray machine, while others have three-dimensional printers.
Like many occupations, the dental industry is preparing to refill a number of positions after this generation of dentists retire. In addition to encouraging new students to pursue a career in this field, there are also many current dentists who are selling a dental practice. The process of evaluating the worth of a dentistry business is important to both the seller and the buyer.

The decision about selling a dental practice is a big one and serves as the end of a career, and also the future of your finances. Getting the money out of the business that has been your life’s work is important to make sure you get the value you need from your career.

The Decisions to Buy and Sell a Dental Practice Is an Important One
As more people decide to move out of a career that has been an important part of life it is beneficial to get some experienced advice. With the help of dental practice transition consultants, you can accurately know the value of your practice and begin the process of putting a price on your life’s work. Selling a dental practice, like any highly trained service office, is a big step and once the sale is complete you cannot go back and ask for more. For this reason it is important to understand all of the steps and processes that are involved in determining the value of your practice.

Numbers change slightly from year to year, but in 2018, out of 199,486 dentists working in the industry, 32.3% were women. As this field continues to be more representative of the overall population, there will be even more gender and cultural diversity. And while the ethnicity of sex of a dentist may not seem like it will have an impact, the fact of the matter is selling a dental practice often requires careful attention to the type and number of current patients. These current patients, in turn, might be more or less likely to stay at the office if the next dentist who takes over.