Residency Transition 101
Take control of the future of your orthodontic career! Chris Bentson of Bentson Clark & Copple, LLC will discuss how to successfully transition from your residency into an established orthodontic practice. Understand the concept of becoming the CEO of your practice by putting a team of trusted advisors in place to build a successful business model. Information will be presented on current purchase prices, and comparative practice data will be provided to illustrate benchmarks and trends. There will be a conversation regarding practice overhead and reading a cash flow pro-forma, one of the most important documents in a transition. A number of other general topics will be discussed including resources for locating a practice opportunity, types of practice transitions, and financing and understanding the basics of a practice valuation.