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The market value of your dental practice and it's marketability can be affected by how well it's prepared, investing time and energy can have a positive influence on finding the right fit for your transition.

 

Here's a few things to consider:

 

1. DON'T STOP - The last 2-5 years of your practice's revenue is a crucial component in determining it's value.  It is important to continue "business as usual" before and during the marketing period to assure there is no decrease in revenues.

2. FOCUS ON EFFICIENCY - Take a close look at the logistics and operation of your practice.  Where can you improve work flows, decrease expenses, increase revenue, increase collections, enhance technology, trim staff, etc.,?  Create a lean, profitable practice.

3. IMPROVE INTERNET PRESENCE - Query your practice's placement in the search engines, can it be improved?  Review your website to see if it is outdated or stale.  Run a search on your practice to determine if it is optimized for local search and keep your social media channels populated with content.

4. FINANCIAL RECORDS - Have your "financial house" in order.  Prepare and consistently update reports so that a potential buyer can analyze your practice and it's potential with ease.  

5. PRACTICE APPEARANCE - Conduct a detailed inspection of your practice.  Consider repairing any flaws, apply fresh paint, replace some furnishings, update lighting, do some staging and other tasks to enhance your practice's aesthetics and display a pride in ownership.