It goes without saying that the sale price is a critical factor to consider when either buying or selling a dental practice. If selling, you want to be sure that your asking price is competitive and can be backed up when potential buyers come inquiring. When you are looking to buy...
Developing a Solid Dental Practice Business Plan
To help set your dental practice up for success, having a business plan can be critical. You may be starting your dental practice from scratch or you may be buying an existing practice. While considerations for these scenarios may vary slightly, the fact remains that you should have solid dental practice...
Writing Effective Standard Operating Procedures for Your Dental Practice
Standard operating procedures are critical to help ensure your dental practice runs smoothly, safely, and efficiently. These are documents that should provide explicit, detailed directions on how certain tasks should be completed every time. Not only can strong standard operating procedures help foster healthy communication in your dental practice, but they can...
Important Terms When Buying a Dental Practice
If you are looking to buy a dental practice, there are some important considerations you will want to pay attention to during the process. Buyers and their brokers can easily get distracted by the purchase price and fail to focus on other things that can be equally important or even more...
Dental Practice Administrative Complaints
Patients may sometimes choose to file a complaint with the dental board should they believe that their dentist failed to adhere to standards of the profession. Regardless of whether there is merit to the complaint, dental board complaints can be both costly and time consuming. When a dental board launches an investigation,...
What is a Dental Practice Risk Assessment?
Running a dental practice is no easy feat. There can seem to be a million fires to put out and prevent on a daily basis. With so much to manage, much can get lost in the shuffle. A comprehensive dental practice risk assessment can be crucial to protecting your practice from liability...
Why You Need a Written Lease
Get it in writing. You have likely heard this phrase at some point in time and it should resonate with you in many aspects of running your dental practice. For instance, if you are leasing a space for your practice, you should seriously consider getting a written lease. While verbal, handshake agreements...
What to Consider When Buying a Practice with Real Estate
Are you looking to buy a new dental practice? Have you considered purchasing real estate along with the new dental practice? Buying a dental practice and the attached land can be a great way to grow an existing dental practice or build a new one of your very own. Regardless of...
Preparing Your Dental Practice for Sale
Have you been thinking about selling your business practice? It’s a big decision. If your thoughts have been drifting to this decision more and more, it may very well be time to start preparations. Selling a dental practice after all will involve a rather extensive process to help ensure that it...
What Questions Should You Be Asking Prospective Dental Practice Associates?
Are you looking to bring another associate into your dental practice? It can be an exciting time as you look to grow your practice and bring in fresh talent. Hiring a dental practice associate can also be, however, a particularly arduous task. The long slog through resume piles and the narrowing down...
