161: Missteps To Avoid When Exiting/Selling Your Dental Practice
DEO's Growth Secrets Podcast for Dental Organizations
English - February 17, 2023 16:34 - 35 minutes - 27.9 MB - ★★★★★ - 33 ratingsCareers Business Education entrepreneur business businessgrowth dso dsosecrets emmetscott personaldevelopment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Ken Kaufman hosts Shawn Terrell, Founder & Financial Advisor, Dentist Exit Planning. They discuss “all things” exiting and selling a dental business including top considerations for getting your personal finances prepared for the adjustment in income. Shawn suggests having the longest runway possible - amount of time - to start thinking about selling your practice - ideally four years. Ken and Shawn discuss how to prepare for exiting including honestly assessing your lifestyle and the amount of income you need; determining a strategy for how to grow and distribute wealth post-clinical; proactive tax planning and much, much more.