7.4K
Downloads
138
Episodes
The Dental Wealth Nation Show is for practice owners building toward—or navigating through—the most consequential financial event of their career: the exit.
Host Tim McNeely operates a Virtual Family Office serving dental entrepreneurs with $5M–$25M in net worth. He holds the rare combination of CFP®, CIMA®, CEPA®, and CPFA® designations—a credential stack bridging comprehensive wealth management with specialized exit planning. His clients don't need another advisor. They need a financial quarterback coordinating the advisors they already have.
Each episode unpacks the coordination failures that cost practice owners millions: mistimed exits, fragmented tax strategies, wealth structures that don't survive the transition from practice income to portfolio income. You'll hear direct conversations with elite tax counsel, M&A specialists, and practice owners who've already made the crossing.
Subscribe and visit dentalwealthnation.com for resources.
Episodes
Thursday Jan 18, 2024
Thursday Jan 18, 2024
Welcome to The Dental Wealth Nation Show with your host, Tim McNeely! In this episode, Tim is joined by guest David Kingsdale, the founder of King’s Ransom, an investment and advisory firm specializing in buying and selling companies. Together, they delve into the essential topic of "How to choose the right and most effective advisor when selling your practice."
David Kingsdale shares valuable insights into the challenges of selling smaller dental practices to Dental Service Organizations (DSOs), emphasizing the significance of bigger DSOs in the market. He highlights the need for dentists to find the right advisors to protect their wealth after financial transactions, emphasizing the importance of early planning for dentists, especially those approaching late fifties or early sixties.
The episode illuminates the necessity of a holistic plan for the future when advising entrepreneurs on selling their businesses. Kingsdale and his team have a passion for helping dentists sell their businesses, acknowledging the emotional component involved in selling their first business.
Throughout the conversation, they emphasize the importance of exit planning for dental practices, the common misconception among dentists regarding the true value of their practices, and the significance of protecting staff and the practice's family-like atmosphere during the sale process.
Join Tim McNeely and David Kingsdale in this insightful episode as they uncover the factors dentists should consider when thinking about exiting dentistry, the benefits and downsides of selling to a DSO, and the strategies for increasing practice valuation. With a focus on providing advice to dentists on maximizing net worth and preparing for their financial future, The Dental Wealth Nation Show offers invaluable information and strategies for dentists looking to make informed decisions about selling their practice.
Keywords: Dental Wealth Nation Show, Tim McNeely, David Kingsdale, selling a dental practice, Dental Service Organizations, exit planning, practice valuation, financial planning, advisor selection, entrepreneur advice, wealth protection, DSO transactions, private equity, practice sale strategies.
No comments yet. Be the first to say something!