Practice Readiness: Financial & Operational Factors Are your financial records (profit & loss statements, tax returns, balance sheets) organized and up to date? Yes No How would you describe your practice’s collections over the last three years? Growing Remaining steady Declining Next → Practice Readiness: Financial & Operational Factors What are your average collections annually? 2,000,000+ 1,000,001 - 1,500,000 751,00 - 1,000,000 501,000 - 750,000 Less than 500,000 Have you received a professional valuation or clear understanding of your practice's worth? Yes Not yet, but I’ve started the process No ← Previous Next → Practice Readiness: Financial & Operational Factors Have you updated your fee schedule within the last four years? Yes No How would you describe your patient growth over the last 3 years? Yes - We see new patients all the time I wish, but my team and I are at capacity My current patient base keep me happy and plenty busy; I don’t need to expand ← Previous Next → Practice Readiness: Financial & Operational Factors How long has your team been with you? Since my practice began - they are family! My core team is in tact, with a few newbies My team has experienced regular turn over Emotional Readiness: Mindset & Transition Planning Do you have a clear plan for what you want to do after selling your practice? Yes I need help aligning my goals post-transition No ← Previous Next → Emotional Readiness: Mindset & Transition Planning Have you discussed the transition with key stakeholders (family, partners) – not including staff? Yes, my family and/or business partner know and are aligned I’ve mentioned it in passing to my family/business partner, but nothing concrete Not yet How long do you want to stay on board post transition? For at least 3 years For 1-3 years should work I’m ready to step away from practicing ASAP ← Previous Next → Emotional Readiness: Mindset & Transition Planning What do you hope to achieve with this transition? A big pay-day upfront, and leveraging my practice as an investment vehicle I’m for a partner of any kind, so it’s not all on me I just want a plan in place I’m ready to retire or move on from dentistry What is your biggest concern about transition planning? I’m worried dentistry’s consolidation is passing me by and I’m not taking advantage of what I should I don't have a clear transition plans My finances – am I going to get what I need from my practice? I’m just ready to be done practicing ← Previous Next → Contact Information Please provide your contact details to receive your assessment results. First Name * Last Name * Email * Phone Number * Type of Dentistry * Location * ← Previous Get Your Readiness Ranking Your Assessment Results Total Score: Readiness Level:
