Know Your Worth: Why an Early Practice Valuation is Your Blueprint for Financial Success (Ep. 10)
What if your dental practice, your biggest financial and emotional asset, could be the key to unlocking your ideal next chapter instead of a “will get to it later” stressor?
In this episode, Brian Swilling sits down with Jeff Rice, Transition Sales Consultant at Henry Schein Dental Practice Transitions, to uncover why knowing your practice’s value now is your blueprint for financial freedom and professional fulfillment. They explore how a proactive strategy transforms a practice from “just a business” into a launchpad for your purpose-driven life.
Brian and Jeff discuss:
- Why most dentists focus on clinical training but miss the business side of dentistry
- Why an early practice valuation is your hidden advantage and how the numbers reveal green, yellow, and red flags
- What goes into valuing a practice (financials, team stability, transferability of clinical work), and why waiting too long undermines leverage
- The emergency exit plan (the other “LOI” – Letter of Instruction) your practice needs for life’s curveballs
- And more
Resources:
- Good to Great by Jim Collins
- Complimentary Letter of Instruction
- Practice Valuation Review Checklist
Connect with Brian Swilling:
Connect with Guest:
About our Guest:
Jeff Rice is a seasoned dental industry professional with 25 years of experience and currently serves as a Transitions Sales Consultant for Henry Schein Dental Practice Transitions, covering North and South Carolina. He began his career at Henry Schein as a field sales consultant and shifted into practice analytics and transition consulting, helping dentists understand and optimize the value of their practice.
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