The importance of Exit Planning
This event will cover topics such as:
Preparing for retirement
This session will explore ways in which you can maximise and protect your wealth so you can get on track and stay on track towards living the retirement lifestyle you want, no matter how far along you are in your career. If you are retiring or planning to do so then do you know “ how much is enough “ to support a comfortable retirement ? The session will explore some simple but valuable concepts and through a case study provide you with enough information to work out whether you are on track for a comfortable retirement or if not what can you do to get there.
Exit strategies
the pros and cons of each and which is right for you.
Your likely buyer profile (associate, owner operator, aggregator, corporate) who is likely to buy your practice? What to look for in a buyer? and how to you make your practice more attractive to them What to do in your final years to make your practice more attractive The process steps and timelines involved in selling
Considerations of exit planning
How do you prepare your accounts for sale
Tax implications of the sale
Definitions of EBITDA, Goodwill, Addbacks, etc
Valuing your practice – what is the value in your dental practice and how to quantify the value
Legal Agreements
Benefits of using a commercial lawyer
Benefits of using a lawyer familiar with dental
Importance of legal documents involved in a practice sale
Bank Overview
Production, profit, long lease on premises, continuity/ post sale work commitment
What they look for in a buyer in order to get financing
Common misconceptions in financing a dental practice
Life after Practice – Transition Planning
Have you thought about what you will do after you leave your practice or finish your busy working life ?
It’s not all about the money, wining and dining or playing golf 3 days a week………..research shows that this just won’t cut it !