Mercer Transitions Program is now offering dentists the opportunity to learn how to identify when their practices are ready for transition, and further, how to go about planning and implementing a transition.

The Michigan Dental Association as endorsed the Mercer Transition Program for all MDA members, and believes Mercer's thorough program is the best for members of all ages and in all stages of their careers to reap the full benefits of transistions.

Transitions are not just for retirement. In fact, a well-planned transition creates a new and exciting period of practice growth and profitability. With an effective transition in the right practice you can:

• Have the lifestyle you want. Take time off and earn the same, or even more income than you did before!
• Achieve economic independence years before you thought you could.
• Create the opportunity to add up to a million dollars to your net worth.
• Rescue yourself from boredom or burnout - structure your transition to reduce your workload and spend your time doing the procedures you love to do best.

The Mercer Transitions Program consists of the following components:

PRACTICE TRANSITIONS LECTURES

In as little as five years, a dental practice can integrate an associate, create a partnership, almost double in value and create an economic windfall for the owner doctor which can reach as high as a million dollars.

Like any other successful business undertaking, a transition needs planning and preparation. Led by Phil Knall, D.D.S., the Mercer Transitions lectures help you identify and manage transition risks while giving you the tools, insights and context to support a successful Value Transition.

The 2009 lecture series will be held at the following locations:
 

Friday, April 24 - MDA Annual Session Course

"The Value-Optimized Practice"
Howard Rochestie
Lansing Center, Lansing
Free
2.5 continuing education credits

A no-risk way to learn a lot about transitions and to judge for yourself if a transition is right for you:

• How to properly plan, prepare and manage your transition.
• How to identify and manage transition risks.
• How to create a seamless transition for your practice, staff and patients.

You should attend this lecture if you:

• Feel too busy or are booked out weeks in advance.
• Are thinking of expanding or bringing in an associate.
• Have an associate in your practice now.
• Want to become an owner in a practice.
• Produce more than $600,000 in revenues.
• Are thinking of selling all or part of your practice.
• Are in a group practice without a planned career path.
• Are concerned about your retirement and want to know your options.

For more information, visit Mercer Practice Transitions Web site, or call (800) 444-4143

TRANSITIONS IN DENTISTRY: MASTERING THE ART OF CHANGE

Imtiaz Manji's premier three-day workshop on how to make a transition work for you. The workshop also features one-on-one personal consultation about your practice. Here's what you will learn in this workshop:

• How to do a step-by-step analysis of a properly structured transition. Your education will be backed by detailed case studies for both general dentists and specialists.
• How to prepare your practice for transitions from top to bottom.
• How to negotiate win-win agreements that protect you and your business.

You should attend this workshop if you want to:

• Reduce your hours and reduce stress.
• Take time off and earn the same or even more income than you did before.
• Do only the dentistry you love.
• Increase your net worth and retire in comfort.
• Achieve Economic Freedom^® years before you thought you could.
• Improve patient and staff satisfaction.
• Create a win-win partnership where you become a teacher and mentor.

For more information, visit the Mercer Mastery Workshop Web site, or call (800) 444-4143

TRANSITIONS SERVICES

Are you ready to go? Just give us the word, and our dedicated team of transitions professionals will swing into action and make your dream transition a reality. (For dentists who have completed the Transition in Dentistry Workshops only.)

Our transitions services are totally turnkey and guide you through a complete and successful transition that:

• Negotiates and establishes all terms of the business agreement
• Develops a practice plan that assures a win-win business strategy for both the new and older dentist
• Creates contracts that can be reviewed by your attorney for all phases of the transition, from associateship to partnership
• Offers hands-on coaching to anticipate issues and forge each term of the contract

For more information, visit the Mercer Transition Services Web site, or call (800) 444-4143

A transition takes years to complete. Inevitably, circumstances change, new issues arise, and both of you will want to resolve these issues fairly. Discord can weaken your relationship. Mercer's practice consultants know the business and clinical sides of dental practices and they are ready to help you work through these issues together and strengthen the bond of your transition.

For more information, visit: http://www.merceradvisors.com or call (800) 444-4143.