Leverage This Conflict Resolution Cycle for a Peaceful Dental Practice Transition
Successful dental partnerships are rarely just about dentistry. Partnerships are first and foremost relationships, often jokingly compared to a marriage.
MORE THAN NUMBERS
There are many factors that should go into the decision when selecting a buyer for your practice. It is more than just knowing if they can produce the dentistry. A practice is also a business, and with outside relationships like staff and patients to manage, you need to ensure this person will be a good fit for the practice you have built. Factors such as leadership style, administrative, marketing and employees should all be taken into account prior to making a selection.
Successful relationships are also based on open communication. Learning how to communicate with someone is not only important for everyday life but essential in resolving conflict.
Watch this clip from the Virtual Practice Transition Series where CPA Dan Wicker explains how ensuring your whole team knows your vision is the key to resolving conflict and avoiding a “hot-pocket” scenario in your practice.
Before you enter an agreement with a prospective buyer/seller, we first recommend you spend some time taking an inventory of your own personal values and drivers. Knowing your vision and ensuring the whole team knows the vision is an important step to making sure everyone knows why you are doing what you are doing.
LEARN THE CWA TRANSITION METHODOLOGY FIRSTHAND
Whether you are buying in, adding associates or transitioning a dental practice to new owners, the process can be complicated and confusing, not to mention the costs and time that can be wasted if a transition fails.
There’s no better way to get all your key questions answered than by attending one of our two-day Practice Transition Seminars. You’ll leave with a clear understanding of the CWA practice transition methodology and the potential benefits for all parties involved.