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Patient Attraction Episode 949
Who’s going to buy your dental practice when you retire? And will anybody want to buy it at a price that will allow you to retire in comfort? These are important questions if you’re within 5 to 10 years of retirement. I’ll be back after the break to tell you how you can go out on top.
– Thanks for watching the Patient Attraction Podcast™.
– I’m Colin Receveur, Founder and CEO of SmartBox Web Marketing.
– The competitive landscape for dentists has changed from what it was just 5 years ago.
– New dental schools are graduating more and more new dentists who are loaded with debt.
– Many of those new dentists are choosing to work for corporate dentistry to begin paying down that debt.
– Which means that far fewer are looking to acquire their own practices.
– And while corporate dentistry isn’t necessarily in your market right now, but it may well be by the time you’re ready to retire.
– Who will your prospective buyers be?
– Right now, the odds are pretty good that your buyers will be large group practices or corporate chains.
– Will your practice sell for enough to allow you to retire as you wish?
– And if you wind up selling the practice but continue to work in it for a few years, do you have the new patient numbers to support more dentists?
– Dr. Thomas Feder of Belleville, Illinois, was faced with that problem.
– He became a SmartBox dentist, and his problem was solved.
– Our industry-leading Patient Attraction System™ is getting him more than enough new patients to support him and the associate who will buy his practice.
– His retirement plans are back on track.
– See what SmartBox can do for you and your retirement.
– Go to smartboxdentalmarketing.com/blueprint and schedule a Patient Attraction System Blueprint™ Session. They are reserved for serious dentists who want to see a patient attraction system that can double their practice. You can get more patients, more profits, and more freedom.
– Join me for our next podcast.
– Until tomorrow, keep moving forward.