If you’re going to own a dental practice, will you have to become an expert business owner? Nope! But if you do this simple thing and focus on reviews, it can help kickstart your career and keep the patients coming through the door.
The difference between being prepared or not is the difference in how much stress you’ll go through in your transition process. (I often talk about networking with “gray-haired dentists”; don’t become one of them before your time.)
Let me tell you about two clients. Both true stories, one bad, one good.
Ever gotten a letter from the IRS? It doesn’t even matter what the letter is, just seeing it in your mailbox will make your throat catch, your heart spike, and your hands shake.
That’s why you want a great CPA. Here’s how to find one.
The average dental practice owner makes about $150,000 more per year than the average associate. And the numbers get WAY better from there.
Starting the search for a practice to buy can feel like staring over a cliff edge into a black abyss. You don’t know what’s down there, so jumping is scary.
Take the leap now.
Here’s why.
Here are the top 3 three things I look at when I’m helping a client assess a potential practice to buy.
If you’re on the hunt for a great practice to buy, knowing how to look is one thing, but knowing just what you’re looking for? That’s something else entirely.
Here are the top 3 three things I look at when I’m helping a client assess a potential practice to buy.
“Networking” evokes images of schmoozy glad-handing at industry functions, passing out and taking business cards with promises of keeping in touch. And for some people, it *is* that!
That style of networking isn’t invalid, but it is tough for a lot of us, especially the introverts out there.
This is a topic I’ve hit recently, but I continue to get enough questions about it that I wanted to revisit it one more time.
“I want to buy a practice. Where should I start looking?”
I get this question a LOT. In fact, it’s usually the next question right after “How do I find a practice to buy?” Here’s my approach.
Among the perks of dentistry is that it can provide financial security that few other professions can. But to achieve it, you’ll need to pay attention to more than just your basic clinical skills. Here are three tips for new dentists to get off on the right foot financially as you start your career.
If you want to own a dental practice, you’ll need some skill with that drill. That’s not according to me, that’s according to the banks that will be loaning you the hundreds of thousands of dollars for the practice purchase.