Transition Planning for Dentists
The team of Wiederman, Madurowicz, & Potter are happy to partner with you through any transition. Transition planning in a dental practice often means readying your dental clinic for sale, but it can mean many other things, too, including:
- Building equity
- Maximizing investment
- Expanding
- Partnering
- Selling
Transitioning involves planning—or identifying the desired outcome and taking steps to achieve that objective.
Remember, transitioning does not always mean selling, and selling does not always mean you stop practicing dentistry.
A transition can mean anything that foundationally changes your current business model, typically to reach a specific goal.
For example, what do you need to do today to make retirement feasible and enjoyable in the future? Suppose you’re nearing the end of your career, and the selling market is booming. What might it look like to sell and stay on as a salaried dentist, ridding yourself of the burdensome “singular economic dependency?”
Transitioning Your Southern California Dental Practice
Our team can give you the tools to transition and partner with you to meet your goals. These tools may include:
- Revisiting or reevaluating key practice goals and values
- Establishing timelines and financial goals when selling your dental practice
- Asset evaluation and tips to increase or maintain assets
- Evaluation of market climate and forecast
- Recruiting patients for profitability, including proven methods
- Dental practice valuation
- Dental practice investment advice and tax strategies
- Money-saving advice when relevant
- Profit coaching based on full practice assessment
- Goal-oriented team and practice coaching
The role of the Wiederman, Madurowicz, & Potter team is to help you reach your goals through strategic planning.
We Offer Solutions Through Experience
Our team consists of the industry-known and trusted CPA, Art Wiederman, and two former dentists who owned successful dental practices.
Drs. Phil Potter and Bogdan Madurowicz enjoyed early retirements due to smart transitioning throughout their dental careers. They took the appropriate steps at the right time to make early retirement a reality.
Drs. Potter and Madurowicz used the appropriate transitioning tools to sell their practices successfully. This included strategic moves to increase or maintain assets before taking their dental clinics to market.
Today, they enjoy helping other dentists make the same transitions.
With our brokerage team of a knowledgeable CPA and two former dentists, you can count on transparency, integrity, and ethics. They bring over thirty years of experience to the table and are always laser-focused to get you to your goals through strategic transition planning.
Expert Transition Planning for Dentists
If you’re looking for an expert-level transition team, look no further.
Give us a call today, and don’t forget to ask about our free retirement consultation and check out our podcast. If you’re considering retirement in the next few years, a retirement consultation with one of our top experts can let you know what to expect and the steps you should take in the meantime.
We have helped countless dentists with transition planning, including those in San Diego, Orange, Riverside, San Bernardino, Ventura, and LA Counties.
"We had a very time-sensitive transaction that involved many moving parts to get us relocated from Northern California to Newport Beach. Once we located our dream practice by the beach, we had to sell our existing practice very quickly to not miss out on the opportunity. Not only did Phil and his team get our practice sold in record-breaking time, but he also connected us with a perfect buyer to make the transition smooth and as stress-free as possible. I have come in contact with a variety of dental practice brokers throughout my career and I can confidently say there is no better than Dr. Phil Potter!"
