“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.
Give me just a few minutes and a few paragraphs and I’m going to change your mind about networking. Really!
Here’s the thing: Networking is good for you, but it’s also good for the dentists you’re networking with.
After nearly a decade helping over 500 dentists buy practices, I’ve learned a thing or two. Here are my top 3 pieces of advice to make your search for a practice, the purchase itself, and your entire career go much more smoothly.
2023 is the best year for you to buy a dental practice. Well, let me back up and say, it COULD be the best year for it. Depending on you.
Now is probably the best time to buy a practice for most of you! Most dentists wait too long and after they own, wish they’d done it sooner. The three most common concerns tend to be 1) “I don’t have the money,” 2) “It’s not the right time in my career,” and 3) “The market is too high / too low.”
Let’s look at each of these.
Brian Hanks is involved in all deals with the team. Prior to starting Dental Buyer Advocates, he was an accountant and Certified Financial Planner™ at two different dental CPA firms. He will help guide you through the process of buying the right dental practice. Read more
Sapna Amin worked in a private practice as an associate and went on to become a private practice owner. She also has experience with merging practices with a DSO. She is dedicated to helping other buyers in acquire their dream practice like she did! Read more »
Tara Clarridge is the former business manager of an oral surgery practice that had multiple locations. She has over twenty years experience with everything from payroll to credentialing and is eager to answer any questions you may have. Read more »
Sam Sutton has been very involved in the dental world throughout her life, and will work closely with you to open up your practice. Prior to joining Dental Buyer Advocates, she was a Dental Hygienist and has seen how successful dental practices run. Read more »
Dana Fort practiced general dentistry as an owner while also starting and selling a business that sold products for babies. She has experience in both the selling and transitioning of dental practices as well as mergers and acquisitions. Read more »
Brian Tomono is a 24-year dental lending veteran. He brings his experience to your deal to make sure you pay as little as possible to the banks. He assists doctors in negotiations and team building to achieve their dreams of practice ownership. Read more »
