It seems there are as many methods of appraising a dental practice as there are dental practices to appraise. Believe me, we have heard them all and have seen most of them over the years. Every self-proclaimed expert has developed a “magic formula” or a...
Let’s assume that two dentists, Dr. Innovative and Dr. Common, each had a solo practice. Both practices were located in the same part of town. Each dentist seemed to be stalled out in their practice growth. Each felt their practice was located in the right...
Not everyone can purchase a $1,000,000 practice! We occasionally encounter a young and relatively inexperienced doctor who would like to purchase an extraordinarily large practice! Obviously such young doctors are quite energetic and exude with an abundance of self-confidence. These are indeed admirable qualities and...
Would you like to know where a dentist’s standard of living can be considerably increased without having to devote most, if not all, of his or her waking hours in the dental office? Would you like to know where you can afford to buy a...
This year another set of fresh faces will obtain diplomas certifying them qualified and competent to practice dentistry. To this new phase of their journey they bring energy and enthusiasm, hopes and dreams. Most have high expectations of earning substantial incomes, working four day weeks,...
Even though you will ultimately rely on your own judgment to make career decisions, virtually everyone wants to be as well informed as possible before making a major decision. There are numerous sources (including PARAGON) that a dentist can turn to for such information, advice...
A practice merger occurs when an existing practice owner acquires another practice in their immediate market area and "merges" the two practices together to form a larger, more profitable, single practice. Contrary to what some believe, a practice merger does not create a co-ownership practice...
Purchasing a practice will probably be the single largest event in your professional life. It is very easy to allow your emotions to enter into the process. It is very easy to get focused on little things that really don’t matter in the big picture!...
WHY? This is the question we ask young dentists who do not own their own dental practices. The responses vary somewhat, but with a little probing we discover that the reason virtually all of them don’t own a practice is simply because of a FEAR...
According to an old adage, "There are two ways to get rich in this world, either be born rich or marry rich". If you are already rich you don't need to read this article, but if you count yourself among the less fortunate millions (that...