A business plan can act as the foundation for building a strong business, setting it up for long-term growth that is sustainable into the foreseeable and unforeseeable future. A dental practice is no different. As a budding business, a dental practice should have a strong business plan in place for a number...
Benefits of Starting Your Own Dental Practice
Have you dreamed of one day owning your own dental practice? Many dentists do and it is no wonder why. While owning any type of business can be a challenge, owning your own dental practice can be a rewarding professional endeavor. If you are on the fence about starting your own...
Negotiating the Terms of Sale for Your Dental Practice
The sale of your dental practice may be one of the most significant transactions of your life. You have invested your time, money, and energy into building this business. When it comes time to sell, you want to ensure that you are doing right by yourself and everything that you have...
What Does a Dental Practice HR Department Do?
Human resource departments provide essential services to businesses of all sizes. Smaller dentist practices may see an HR department as a luxury they can’t afford, but not having dedicated HR services may prove even more expensive to the practice. You see, the value of people should not be underestimated. Dedicated staff...
What are the Overhead Costs of a Dental Practice?
Whether you are looking to buy a dental practice or do a check in to your existing practice’s strength, overhead costs can be an instructive factor to review. In fact, reviewing a practice’s overhead can give you an insightful look into a practice’s overall health and wellbeing. While it will not tell...
Should You Buy or Lease Your Dental Practice Space?
If you are setting up a new dental practice, you are going to have a great many important decisions to make. These are decisions that will not just have a short term impact, but can impact your dental practice and its well-being far into the future. Consider, for instance, where you are...
Considerations for Dental Practice Employment Agreements
Your employees will be an integral part of your dental practice. Your trusted team will be the ones that make sure the patient experience remains positive, proper procedures are followed, and much more. Your relationship with your employees is very important and laying the foundation for a positive working relationship involves a...
Dental Practice Start-Up Checklist
Have you considered starting your own dental practice? It can be an exciting endeavor to undertake! If the thought of being your own boss and building your own business appeals to you, make sure you are taking the proper steps to make this dream a reality. Here are some things you...
Shareholder Agreements in Dental Practices
Have you considered sharing the ownership of a dental practice with another dentist? There can be a lot of advantages to bringing in other shareholders in a practice. To make sure you reap these full benefits as well as protecting the practice and yourself, you are going to want to have a...
Guarding Against Dental Malpractice Lawsuits
Unlike some other types of malpractice lawsuits, dental malpractice lawsuits are not very common. When they do arise, however, it can be draining on a practice’s time and energy. It can also irreparably damage a practice’s reputation, not to mention its credibility, with a community. So, what can you do to...
