Steps to Take for a Successful Transition
At any stage in your career, it’s never too early to have a transition plan and an exit strategy. If you are early in your career you may be planning for an associate. You want to be sure your family would know what to do if something affected your ability to practice dentistry. You need to know what your practice is worth.
Proactive planning is a key ingredient to transition planning. Do you have the financial resources you need for a successful retirement? What enhancements will increase the value of your practice?
This program will give you a solid foundation of what you will need to do to prepare your practice for transition. Don’t miss this opportunity to start planning your future and maximizing the value of your practice.
Course Objectives:
- Exploring various transition options
- Planning for an Associate
- Is a Buy-In/Buy-Out a good transition option?
- Practice Valuations and influential factors
- Practice values from the lender’s perspective
- Financial Planning and transitioning
- How to increase your value through practice enhancement
Joseph McManus,
DMD,MS, MHA, MBA, MS, FACD
Dr. McManus was in private practice for over 25 years and is now a consultant for Henry Schein Professional Practice Transitions. In addition, he serves as an Associate Clinical Professor of Dental Medicine at Columbia University College of Dental Medicine and as the Director of Practice Management. He also served as Senior Vice President of the Division of Dental Practice/Professional Affairs for the ADA. With a dental degree from the University of Pennsylvania and four masters’ degrees, Dr. McManus has lectured at many dental schools and national dental meetings on practice transitions.