When you finally realize that it is time to retire, your first thought will be… I will have to sell my practice. And, if you own one, your second thought may be… I will have to sell my building too. Obviously, you are right on...
This article reveals just a few of the numerous stories concerning dentists practicing together with either inadequate contracts or without any contract at all. We learned of these situations through the many consultations we have conducted with dentists through the years.
If you are contemplating working...
The following is a true story…
Dr. A just had his fifth consecutive year of increased practice growth. In fact, he has averaged 36% growth in each of the past 2 years and 31% growth the year before that. Of course, he still must work 6...
A practice merger is by far the most effective and quickest method of increasing dental practice profitability. A practice merger will add significant net income to the purchaser’s bottom line immediately… not the first year, but the first month! PARAGON consultants have completed numerous practice...
The continued growth of a solo practice is becoming more difficult every year. With increased competition, the influx of capitation programs, insurance clinics, advertising retail centers and an unpredictable economy, a general practitioner must be prepared to consider ways of expanding their patient base. Many...
Ask 100 dental practice owners in the first 10 years of their dental career and at least 99 of them will tell you “NO, I don’t have all the patients I need.” In fact, since we began assisting dentists since 1988, we have not met...
Having completed thousands of successful dental practice acquisitions with young practitioners and talked with thousands of dental students through the years, we have amassed a wealth of both interesting stories and fascinating facts.
Even though the acquisition of a dental practice is proven to position the...
The acquisition of a dental practice will be one of the most profitable and rewarding experiences of your life and professional career. You should know, however, that purchasing a practice is a very complex process that unfolds over several months and is not simply a...
A dental practice is an exceptionally unique business. It is a direct reflection and extension of the personality, philosophy, and methodology of the practice ownerpractitioner. Matching the right parties clinically, compatibility and financially requires an extraordinary understanding and sensitivity to the needs of the profession....
It is very common for a young, inexperienced dentist to begin his or her dental career as an associate for an established practitioner. Such relationships have been the norm in the dental profession for decades and are generally entered into with the thought that the...