Residency Transition 101
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 the 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 a 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 resources for locating a practice opportunity, types of practice transitions, and financing and understanding the basics of a practice valuation.
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