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...
Dentist Cost-Share Arrangements
A lot rests on the person responsible for owning and running a dental practice. The costs alone can be a major stressor. Think about the cost of your space, equipment, and everything else needed to properly serve your patient. Some dentists choose to reduce these costs by entering into a cost-share...
What to Do After You Buy a Dental Practice
Buying a dental practice is a big deal. It is perhaps going to be one of the biggest and most complex purchases you will ever end up making. In the final stages leading up to closing day, there is going to be a lot to do and you may feel a...
Picking the Right Buyer for your Dental Practice
Selling your practice is a big deal. It’s not just a big financial deal, but it can be significant personally and professionally. After all, you have most likely put a great deal of time, effort, energy, and emotions into building and sustaining your practice over the years. It makes sense that...
Increasing the Pre-Sale Value of Your Dental Practice
You don’t need to have immediate plans to sell your dental practice to start maximizing its pre-sale value! If selling your practice is part of your plan in the next few years, now is the time to take steps to increase its pre-sale value. The time you invest now in working...
