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...
Category: Dental Practice Consulting

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...

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...

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...

What to Look For In Your Dental Practice Lease
To any business owner, a lease agreement is one of the most important contracts that will need to be signed. Dental practice owners are no exception to this. Getting the right lease in place with favorable terms is a foundational step to setting up your dental practice for continued success and minimal...

How to Choose the Right Location for Your Dental Practice
Among the many important decisions, you will need to make when establishing your dental practice, choosing the right location for your business is somewhere at or near the top of this list. Think about the importance of location and the fact that you will likely have that location for a long...

What Entity Formation Should You Choose for Your Dental Practice?
Just like every other business out there, one of the first decisions a new dental practice needs to make is how the business should be structured. If you are reevaluating your dental practice needs, it may also be a good time to reform the practice as a different type of business entity....

Protecting Your Practice from Regulatory Fines
As a dental practice owner, there are likely a million things that you worry about on top of a seemingly endless to-do list. When you are grappling with worries such as an increase in competition, lack of growth, difficulty finding qualified employees, and more, there are probably going to be some things...