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20 Jun The PARAGON 7% Seller Fee

Posted at 16:36h in Selling a Dental Practice
Why should sellers pay an unfairly distributed fee for the sale of their practice? PARAGON does not think they should! The industry norm is a 10% transaction fee. This is an acceptable and fair fee to the consultant in return for providing expert guidance. But...
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20 Jun How to sell your own practice

Posted at 16:28h in Selling a Dental Practice
Through the years, PARAGON has had numerous doctors request an outline of considerations for selling their own practice. While PARAGON strongly advise against the “do-it-yourself” practice sale, we recognize that some doctors will try this complicated process regardless of our warnings. They are convinced they...
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17 Jun A better retirement strategy

Posted at 19:29h in Retirement
If you are like most dentists, you have done a relatively poor job, at least up until now,  of accumulating the necessary funds for retirement. You should not feel embarrassed about this, only concerned. You are just one dentist in a huge majority of dentists! The...
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17 Jun I was ready to sell, but…

Posted at 19:25h in Retirement
“My pension fund was devastated in the recent stock market decline so I will need to continue practicing a while longer  before I can  sell my practice!” We wish we had just ten bucks for every time we have heard this excuse in the past few...
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02 Jun Should I consider Office Sharing?

Posted at 19:16h in Selling a Dental Practice
Unfortunately, the following story plays out year after year.  It goes like this… Years ago, you decided it was time to bring an associate into your practice. You interviewed a number of candidates until you found the “ideal” associate for your practice. Of course, you didn’t...
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02 Jun Have you really planned for retirement?

Posted at 18:43h in Selling a Dental Practice
I was speaking to a study club of dentists concerning their future plans and discovered that most were considering retirement within the next five to ten years. It was interesting to note that none of them had made any definitive plans for converting one of...
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