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...
Conducting Due Diligence for a Dental Practice Purchase
Thinking of purchasing a dental practice? Purchasing an existing and established dental practice can have many perks. There may be a sizeable and well-settled client base as well as trusted staff members, efficient systems in place, and much more. Before you purchase a practice, however, due diligence is critical. You do...
Common Mistakes Dental Practices Make When It Comes to Risk
Investing time and resources in risk management practices can bring great benefits to your dental practice for little expense. Unfortunately, far too many practices fail to put the work in at the front end of things and end up facing the consequences further down the road. Here, we will look at some...
Partnerships Agreements for Dental Professionals
There are a number of reasons why more than one dental professional would want to work together and form a dental partnership. Profits are shared, but so are expenses, in a partnership. While there are some benefits to entering a dental partnership, dental professionals considering such an arrangement should be aware of...
Choosing the Right Location for Your Dental Practice Startup
Location. Location. Location. When it comes to starting any kind of business, location selection is critical and can have long-term consequences for the success or failure of your business. Dental practice startups are no different. Choosing the right location for your dental practice startup is essential. Time and care should be...
What to do if You are Thinking of Selling Your Dental Practice
If you have decided to sell your dental practice or are even considering selling your dental practice, there are a lot of other decisions and considerations that you are going to need to make and account for along the road ahead. The sale of your dental practice is likely to be...
How to Calculate the Value of Your Dental Practice
If you are thinking of selling your dental practice, determining an accurate valuation of your practice will be critical. This should be done well in advance of putting your practice on the market and meeting with potential buyers. Getting to an accurate figure for your practice’s value can be somewhat challenging and...
