Practice Valuation & Transition - Part 1
Take control of the future of your orthodontic career! Chris Bentson of Bentson Clark & Copple, LLC will discuss how to successfully transition from your residency into an established orthodontic practice. Understand the concept of becoming CEO of your practice by putting a team of trusted advisors in place to build a successful business model. Information will be presented on current purchase prices, and comparative practice data will be provided to illustrate benchmarks and trends. There will be an extensive conversation regarding practice overhead and reading a cash flow pro-forma, one of the most important documents in a transition. A number of other general topics will be discussed including ways to polish your CV, resources for locating a practice opportunity, types of practice transitions, where to obtain financing and understanding the basics of a practice valuation. The webinar will conclude with a brief question and answer session.
On behalf of the Cleveland Society of Orthodontists, I want to tell you how much we enjoyed your presentation on Business Succession Planning. Our members who attended spoke favorably about the information you presented and were glad they attended. Your lecture brought new insights and valuable information to our profession; I would imagine they will all put some of your ideas into practice.
-Lorraine Mollohan, Executive Director