Growth

A Successful Business Is Almost Never An Accident.

Many dentists come to a point when they want to sell their practice. But the reality is, so many of them don’t sell for enough money that can directly retire from. Reasons include mistaking our high income for wealth or not moving into a leadership role and an investor role in their highest producing asset in their entire portfolio - their practice.

Business value is different than business income which is different from personal income. This is not a play on words but a subtle shift in how we think about our business. In the business world, dental offices are referred to as “lifestyle” businesses because the business generates a “nice” income for the owner/dentist. But focusing on income alone does not equate to having a business with high, or shall we even say, fair transferable (sales) value that we work so hard for (sometimes referred to as our Value Gap).

As a lifestyle business, once the operator is gone the transferable/exit/sales value drops significantly.

This is fine if it is your goal. But that is the key. Your goal is vision driven from a deep place in the dental owner’s soul. What is it that will best serve his/her vision, family, the lives and relationships of the patients and life after practicing?

What if there was a way to create a truly valuable business, whether you want to sell it, leverage it, multiply it or create a business that doesn’t rely on you as much as it currently does?

This is called Value Acceleration.

We’ll give you the fundamental tools, along with a step-by-step guide, to help you build a strategy that helps you both accelerate and create value in your business while keeping your personal and financial goals always in sight. Once systems are implemented, these practices are easier to run. Creating Value is a function of the level of sustainable cash flows and expected rate of return adjusted for risk; at the same time, always paying attention to your most valuable currency; owner’s equity.

Transferability or exit planning does not at all mean you are leaving your practice today or even next year. But every decision is based on investing into your most valuable asset and keeping a watch on owner's equity.

…And, all of this while you continue to work in your business (if you so choose).

By simply taking the first step, you’ll be growing predictable profits while multiplying your options.

Getting started is easy. Just click this link to book a call. You can ask any questions you like on the call. And by the end, you will have a solid idea if this will work for you. (Hint: If you’re willing to follow the steps - there is no reason that it won’t)