Dentists are entrepreneurs. They are a very specific kind of entrepreneur, but they are still running a business. They still started the practice with their own motivation and their own ideas. They may not have run their business as an entrepreneur, but it comes time to make that last entrepreneurial decision. It is time to sell.
It’s fascinating to see all the many dentists who want to sell their well-established business. Many of them never considered themselves and entrepreneur, but now they are trying to think like one. The transition can be pretty hard to swallow. It may not be necessary for a seasoned entrepreneur to find the right representation when selling their upstart. But, it means everything for a dentist who may not be familiar with the ebb and flow of the modern business world.
The biggest mistake anyone commits when they Sell Dental Practice in California is not finding a quality broker to represent them. They will make or break the sale every time. It is not hard for an agency to appear professional, especially for someone who is not particularly knowledgeable about selling a business.
One of the red flags is if a Sell Dental Practice in California representative says they can sell the business for a lot more than the dentist ever expected. It returns to the classic adage of it being too good to be true. Dentists should get about three suggestions for a price to sell the business for. The hardline answer, when all else is equal, is to go with the middle option. Below is just too low. The highest is too unrealistic. The middle quote may be just the perfect point. Click here for a business sale quote.
It is okay to be a little naïbe and it should not be taken as an insult. Many practitioners research and interview with a number of companies to combat their naivety about the business world. They are looking for the right representation to complete the circle that is common in the entrepreneurial world. A dentist may not be a business person by identity, but they deserve to be one in getting the best for the practice they worked hard to build.
