Introducing Succession Compass
Be The Broker
Dentistry’s first and only enablement tool for you to sell your practice and keep your equity is here!
Hello Doctor:
I am very excited to present to you a project I’ve been working on for many months with my team and one that has compiled all my intellectual property relating to the practice ownership transition.
When I started out on my journey beyond the operatory, I never expected I would get the chance to perform nearly half a billion dollars in practice valuation work and meet the hundreds of dentists across Canada that I’ve had the pleasure of connecting with. I didn’t expect that I would get to support the ownership exit transaction and transition of between 6 and 10 dentists every year. But I did know that I wanted to create the opportunity for colleagues to feel the freedom I felt when I sold my practice AND to be able to do that without paying a commission on the legacy they built.
It would have been impossible to truly know all the nuances (and emotions!) involved with this process without having the lived experience of selling my own practice in addition to working with all of the colleagues I’ve had the honour of working for. The first practice I ever sold was my own, and since 2018 I have been supporting this journey with colleagues, documenting every step along the way.
Today, Succession Compass by Practice Advocate is officially launched. Succession Compass is an enablement tool that lets you, the owner of your practice, “BE THE BROKER”.
We have assembled 5 modules with easily consumable and articulately prepared videos, each less than 20 minutes in length, along with templates, checklists, articles, and worksheets that take you through the entire process from the preparation of sale to post-closing transition strategy (which brokers don’t provide).
When you purchase Succession Compass, you’ll get access to your own portal for an entire year. Within your portal, we have included thoughtfully organized information and documentation built on nearly a decade of experience spent full-time in the industry that enable you to confidentially list and sell your practice in today’s marketplace.
The result is a commission cheque YOU get to cash.
Succession Compass is built to be consumed in sequential order with checklists and checkpoints to ensure you are fully informed and prepared before moving to the next stage of your consideration to sell or sale process.
From preparation questions to review with your advisory team to optimizing techniques to maximize your practice value, to listing templates that preserve confidentiality and create engagement, to where and how to advertise, to non- disclosure and letter of intent templates, to due diligence checklists, and transitional planning with scripting for your team and patients – it’s now all available to you in one spot.
Dentistry has never had a tool like this before and I am overwhelmed and extremely proud of the opportunity this will create for you as a seller in the Canadian Dental Practice marketplace.
