Experts On Preparing for Dental Practice Transitions

In this episode of the Rosen Dental Transitions Podcast, host Dave Miller is joined by Jesse Koski, BJ Kaucher, and Dave Kaucher to discuss crucial aspects of buying, selling, and managing dental practices. The episode dives into seldom-discussed yet vital topics, such as knowing when you're ready to transition out of your practice both mentally and emotionally. Dave Miller highlights the importance of proper planning and assessing your readiness years in advance. BJ Kaucher of Kaucher and Associates offers insights on the financial and emotional readiness required for selling a practice, while Dave Kaucher of Spectrum Wealth Advisors elaborates on the importance of a robust retirement plan. They also discuss unexpected situations, the significance of practice valuations, and the value of their collaborative approach to provide seamless transitions for their clients.

Topics

01:01 Meet the Guests: Jesse Koski, BJ Kaucher, and Dave Kaucher

02:51 BJ Kaucher's Journey in Dental Accounting

08:20 Dave Kaucher on Spectrum Wealth Advisors

12:44 The Importance of Retirement Planning for Dentists

13:48 Emotional and Financial Readiness for Selling a Practice

24:06 Unexpected Transitions and the Need for Succession Planning

25:38 The Importance of Valuation in Dental Practices

25:55 Steps After Getting a Valuation

27:44 The Rapid Sale Plan and Estate Planning

29:54 Seamless Valuation Process

31:10 Financial Stability and Retirement Planning

32:17 Real-Life Example: When to Walk Away

33:51 The Role of Relationships in Practice Transitions

35:06 Determining the Right Time to Sell

38:18 Preparing for a Smooth Transition

41:35 Enhancing Practice Value

44:48 Final Advice for Practice Owners

49:12 Contact Information and Closing Remarks

Dental