So my 2014 townie presentation covered the buying process of the typical general dentistry practice, however, what if it’s NOT the typical general dentistry practice? What about the practice that someone started 3-5 years ago that never quite blossomed (the recent start-up)? What about the practice that that’s 30+ years old that someone purchased and […]
Tag: n/l transitions
Five Ways to Help Dentists Save on Taxes
It’s tax season again, and soon you will be meeting with your dental CPA to prepare and file your 2017 tax return (if you haven’t already). Whether this is your first tax season as the owner of a dental practice or your 25th, taxes remain a stressful and time-consuming process for many dentists. We’re here […]
Making Your Dental Practice Stand Out
What is your plan for attracting new patients and standing out from competing dental practices? Marketing should be an important element of your dental practice’s growth, but more than 60 percent of dentists don’t have a specific marketing strategy, according to Dentaltown. This represents a huge opportunity for innovative dentists to separate themselves from the […]
Buying a Dental Practice: There’s More to it Than Price-Part II- Buyins\Buyouts\Mergers & Special Situations
I had the honor of being invited to lecture at the 2018 townie mtg in mid-April in Orlando FL. This was the 4th time they’ve asked me to lecture, and I decided to dive a little deeper into unique situations as it relates to buying a dental practice. My 2014 lecture was an overview […]
Best Practices for Boosting Dental Staff Performance
When patients come to your dental office for check-ups or procedures, most of their interactions are with your staff. Ensuring that your team is performing well and keeping patients happy is an important part of your job as dentist, but how do you accomplish that? Below we list 4 best practices for boosting dental staff […]
Dental Practice Records Retention and Destruction Policies
Dentists and their staff maintain a significant amount of confidential, sensitive data on their patients. From payment information to health records, there are a lot of records to keep track of. When patients become inactive, move to a different practice, or simply as time passes, how do you know which records to keep and which […]
Internal Controls for Your Dental Practice
Dental practices of every size should have strong internal controls. Optimum financial performance is one reason, but more importantly, internal controls can prevent fraud. It’s estimated that three to five percent of revenue is lost to employee fraud or misconduct every year. How much is that, exactly? As an example, if a dental practice is […]
A Dentist’s New Year’s Checklist
Did you make New Year’s resolutions? Even if you didn’t, it’s hard to argue the proverbial clean slate and fresh start people often feel at the beginning of a year. You want your dental practice to thrive in 2018, but have you thought about how to do it? Here’s a quick checklist to print off […]
Buying a Dental Practice for New Dentists
Buying your first dental practice is exciting and a little scary. For young dentists, buying your own practice is perhaps the biggest investment you’ll make in your career. The practice loan and your student loan debt can seem overwhelming, but the payoff can be great and the chance to be your own boss is one […]