Planning for Your Practice Exit – What You Need to Know – Brannon Moncrief: Ep #510

Today, Brannon Moncrief joins us again to discuss planning for your practice exit. Brannon works with McLerran & Associates and has been a banker, broker, and sale-side advisor for over 20 years. He’s seen it all when it comes to practice sales, DSO affiliations and private equity partnerships, so tune in to hear his powerful insights.

You’ll learn what to do first when considering exiting your practice—whether it is something you want to do sooner or later. Brannon also sheds light on how the current market affects the types of sales practice owners choose, why you have to be just as discerning as a buyer or seller, and the commonalities he has seen between practices that have successful transitions.

Minute Markers:

3:08 – The recent history of private equity and important benefits and drawbacks that come along with it.
7:17 – How Brannon’s team helps orchestrate and guide clients to final decisions for their practices.
12:44 – Understanding how much is enough.
15:27 – Key conversations to have before ever going to market.
17:49 – Surprising news about valuations.
20:37 – Why it’s so important to discern who is buying your practice.
23:32 – The commonalities between practices that succeed.

If you like this episode, here are more episodes we think you’ll enjoy:

Ep #476 – Anna Kelley: Building Wealth and Teaching Financial Wisdom in Today’s Economy (Part 2)
Ep #475 – Anna Kelley: Building Wealth and Teaching Financial Wisdom to the Next Generation (Part 1)

Featured on the Show:

Brannon Moncrief: Website | LinkedIn
How Much Is Enough by Dr. David Phelps
Request Your Discovery Call
Get your free copy of my new book
Sign up for my next webinar

#brannonmoncrief #privateequity #partnership #dso #markets #practicesales #valuations

Watch full length Interviews on video!

Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.com/YouTube. Don’t forget to subscribe to David’s YouTube Channel for more content on maximizing your business, wealth, and creating a financial blueprint to reach your Freedom faster!

Join the tribe of dentists ditching Wall Street. Get more insights, resources and inspiration for creating asset based income and Freedom. Follow us on Facebook here.

P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think):

1. Schedule a Call with My Team:

If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.

2. Become a Full-Cycle Investor:

There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.

3. Get Your Free Retirement Scorecard:

Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.