Orthodontic Products Magazine Features Article By Orthodontic Newsletter Writer

GREENSBORO, NORTH CAROLINA - In an article in the newest issue of Orthodontic Products Magazine, Chris Bentson describes the five steps in orthodontic practice transitions. Bentson Clark & Copple, experts in transition services and dental practice marketing, can help a practice owner sell their dental practice, buy into a practice, or add a partner. (http://bentsonclark.com/requestinfo.cfm)

First by Gather Information
At least two to three years before any transitions begin, orthodontists should talk this important decision through with their financial advisors, spouses, and other colleagues who have already experienced a similar transition. Consult several orthodontists and sources of information as transition experiences can vary for every person and practice. (http://bentsonclark.com/consultation.cfm)

Have the practice undergo a practice valuation
Orthodontists must know exactly what their practice is worth before they can sell it. A valuation is crucial before starting the transition process because it shows owners how fiscally healthy their practice is and allows for complete financial transparency.

Find a Partner or Buyer
The current trend in the market is there are more practice seeker than opportunities, 3:1 respectively. Owners living in rural areas might find it takes longer to find a partner in comparison to orthodontists who live in coastal states or high-density areas. Orthodontists should list their opportunity with a transition specialization firm with resident/doctor matching services. (http://bentsonclark.com/for-buyers.cfm)

Finalize all Transaction Negotiations
During transition negotiations, buyer and seller will agree on a price and set the details of the transition in writing. Reaching an agreement on all the deal points can take several weeks to 90 days. (http://bentsonclark.com/past-issues.cfm)

Official Ownership Transfer
The last step in the transition process is the official signing of documents. Done properly, ownership transfer day will be like any other day in the office to patients, employees, and referrals.

These steps are an outline of the transition process to prepare orthodontists for the future. Proper research, planning and patience will allow for a smooth and rewarding transition.

© 2011 Master Google and Bentson Clark & Copple, LLC. Authorization to post is granted, with the stipulation that Bentson Clark & Copple, LLC and Master Google, an Internet business marketing company, are credited as sole source. Linking to other sites from this document is strictly prohibited, with the exception of herein imbedded links.

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Bentson Clark & Copple is committed to providing orthodontists with the tools needed to run a successful business, from the first day of practice until the last day. As an orthodontics transition services company their services include practice valuation, partner location services, and transition negotiations.

To learn more about buying/selling an orthodontic practice, subscribe to reSource, an orthodontic newsletter, or schedule a free 30-minute consultation with

Doug Copple or other team members, visit:

- The Bentson Clark & Copple
- 397 S. Swing Road, Greensboro, NC 27409
- (800) 621-4664
- overcash1@sinaimarketing.com
- http://www.bentsonclark.com/ or call (800) 621- 4664

This release was published on openPR.