FAQ
What are the first steps for a buyer?
The first step is to have a complimentary consultation with our owner, Tabitha Jaquay, to talk about what exactly you are looking for as well as sign a non-disclosure agreement. The non-disclosure agreement does NOT mean you are only able to work with Jaquay Enterprise. What it does mean is that if you purchase a practice through Jaquay Enterprise, we have some basic expectations for you as the client. These expectations mainly revolve around issues of confidentiality.
What should I be aware of as a buyer?
It is important to take things slow. Make sure to do your homework and do your due diligence throughout the process. Remember, the practice you will purchase represents someone else’s years and years of hard work. Also, think about the team that is currently working at the existing practice. This transition not only affects you, but them.
Selling a practice
When should I begin to prepare to sell my practice?
Even if you are not yet ready to sell, now is the time to gain information about what that process looks like. If nothing else, you are being educated about the process of selling your practice in the future and you are able to find out the current value of your practice. Gaining information can also help you to clarify what your timeline will look like when it is time to sell.
Does Jaquay Enterprise assist with insurance credentialing?
Yes! Because transitioning a practice can be stressful, the last thing that doctors are thinking about during a transition is insurance credentialing, or what insurance contracts they are already on, which ones are going to follow them to their new locations, and how that is going to affect their new practice. By taking a look at the demographics of a doctor’s new practice, Jaquay Enterprise is able to point out which contracts they are already on and which contracts they may need when moving to a new location.
Merging dental practices
How does Jaquay Enterprise help prepare clients for a transition?
We promise to be honest with you prior to your transition. Our job is to tell you the truth, or as we say “the good, the bad, and the ugly.” Jay Enterprises exists to take your practice to the next level.
How does Jaquay Enterprise support buyers and sellers during a merge?
Jaquay Enterprise will remain a consultant for both companies three months following the merge. We look at the existing systems and cultures each practice has in place and figure out the best ways to combine the two. Even if teams do not quite “mesh” at first, we support everyone throughout the process of blending the groups together. Depending on the styles of the existing teams, we may even do a communication and personality style assessment to further assist everyone during the merge.
General
What makes Jaquay Enterprise different?
We understand your individual needs as a buyer or seller. What is more, we walk with you throughout the whole transition of either buying, selling, or merging your practice. We even go as far as to remain a part of your process for three months after you buy, sell, or merge.
What is Jaquay Enterprise's consulting style?
As transition advisors, it is our job to be honest with you, or as we say “tell you the good, the bad, and the ugly.” Whether you are starting a practice, selling a practice, or purchasing a practice, it is out job to give you the right information. Sometimes what you need to hear can be difficult to hear. We will always ask your permission before beginning to be honest and straightforward with you.
How do I get started?
The best way for you to get started is to sit down and have a complimentary consultation with us. This allows us to get to know you better and understand what your goals are as well as where you are wanting to take your practice. It also helps you to get to know us and how we can represent you moving forward.