You’ve worked so hard for so long to build a private dental practice in your community. But now you’re thinking about exiting the business. So, how do you know when it’s time to retire? What can you do to plan for the next chapter of your life? Dr. Kevin M. Kenny is Adjunct Professor at the University of California, San Diego, and Founder of The Dr. Kevin M. Kenny Foundation, an organization that provides dental care at no cost to the working poor in San Diego and sponsors humanitarian missions overseas. Dr. Kenny ran his own large private dental practice in San Diego for many years before retiring seven years ago. On this episode of the Dental Board Room Podcast, Dr. Kenny joins host Wes Read to explain how he knew it was time to pass the torch and share his experience with selling a successful dental practice. Dr. Kenny discusses the team of advisors you need to plan a practice sale and challenges us to consider what retirement will look like before we walk away. Listen in for Dr. Kenny’s advice to young doctors on buying a dental practice and learn his simple blueprint for a successful practice sale. Topics Covered A high-level overview of Dr. Kenny’s career as a dentist How Dr. Kenny knew it was time to sell his practice Determining how much money you need for retirement How bankers calculate the value of a dental practice The CPAs role in helping you plan for a practice sale Mitigating your tax liability in a dental practice sale When to do a broker sale and when to sell your practice privately The pros and cons of selling your practice to a DSO Why you should hire an attorney who specializes in dental transitions Cleaning up your books before you sell your practice How to create a business plan for your retirement Advice for young doctors who’ve just bought a practice Dr. Kenny’s blueprint for a successful practice sale The humanitarian mission of Dr. Kenny’s foundation Connect with Dr. Kevin Kenny The Dr. Kevin M. Kenny Foundation Connect with Wes Read & Drew Phillips Practice Orbit Email [email protected] or [email protected]  Practice CFO Practice CFO on Instagram Practice CFO on Facebook Practice CFO on YouTube Resources  Dr. Kenny on Dental Board Room Podcast EP018 McLerran & Associates Global Dental Relief How to Win Friends & Influence People by Dale Carnegie a...