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04 Jan UNDERSTANDING PRACTICE VALUE

Posted at 08:40h in Informational Resources

We are often asked by doctors who are anticipating selling their practice in the next few years what changes can be implemented that will cause their practice to be more valuable. Typically these doctors are thinking of such expensive investments as upgrading their equipment, adding...

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08 Dec Appraising a Dental Practice

Posted at 14:01h in Buying a Dental Practice, Informational Resources

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...

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01 Nov Same Problem – Different Results

Posted at 13:23h in Buying a Dental Practice, Informational Resources

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...

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02 Oct Adjust your Sights… Not your Goals!

Posted at 16:15h in Buying a Dental Practice, Informational Resources

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...

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07 Aug The Rural Practice Opportunity

Posted at 14:02h in Buying a Dental Practice, Informational Resources

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...

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07 Aug What if Each Team Brought Their Own Referees to the Super Bowl?

Posted at 11:17h in Informational Resources

I think we can all agree that if each team in the Super Bowl was allowed to provide their own referees it would certainly create a major conflict of interest. The biggest game of all would be, at best, chaotic and, at worst, a complete...

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06 Jul May the Chain Be Unbroken

Posted at 09:56h in Informational Resources

Several years ago, a fellow businessman was telling me about the numerous years of long hours and hard work he invested in building up his highly successful, one-man business. He was actually asking my advice since his attempt to cut back a few years earlier...

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06 Jun Ownership Redemption Options

Posted at 13:16h in Informational Resources, Selling a Dental Practice

An Ownership Redemption occurs when one of two or more practice owners wishes to sell his or her ownership interest in a non-solo owned practice. The sale of the ownership interest could be so the selling co-owner (the “Redeeming Owner”) can retire. However, it is...

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04 May The Associate’s Practice – Just Another Horror Story

Posted at 13:49h in Informational Resources

Several years ago, Dr. Youngerdoc began practicing as an associate for Dr. Olderdoc. Neither party wanted to formally state their objectives in a contract for entering into this associateship relationship. Dr. Youngerdoc was not prepared to make a commitment to the practice yet and did...

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29 Mar SELLER REMAINING AS THE BUYER’S ASSOCIATE… COST or PROFIT?

Posted at 16:23h in Informational Resources

Production in a dental practice is divided into two categories… doctor production and hygiene production. To properly analyze the financial impact of the seller remaining as your associate, you must determine the percentage of the total doctor production that you will be providing personally. The...

04 Jan UNDERSTANDING PRACTICE VALUE

08 Dec Appraising a Dental Practice

01 Nov Same Problem – Different Results

02 Oct Adjust your Sights… Not your Goals!

07 Aug The Rural Practice Opportunity

07 Aug What if Each Team Brought Their Own Referees to the Super Bowl?

06 Jul May the Chain Be Unbroken

06 Jun Ownership Redemption Options

04 May The Associate’s Practice – Just Another Horror Story

29 Mar SELLER REMAINING AS THE BUYER’S ASSOCIATE… COST or PROFIT?

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