Most dental practice buyers have the notion that the A/R (patient accounts receivables) aspect of buying a dental practice is fairly straightforward. You either buy the A/R or you don’t. However, I will cover three nuances concerning the A/R if you choose NOT to buy them. First, let’s briefly summarize the main two points of…Read More→
Tag: selling a dental practice
When should we freeze the practice price
Sometimes you, the associate, are offered an opportunity to buy into the practice in which you have been associating. You may be offered a fifty percent interest in a two-doctor partnership or a thirty-three percent interest in a three-way doctor partnership, etc. We all know that the price the associate is paying today will likely…Read More→
Maintaining Cash Flow Before Your Dental Practice Sale
Before you sell your dental practice, potential buyers look for many things: patient flow, location, and practice performance, to name a few. Perhaps one of the most crucial elements of dental practice value is positive cash flow, which you should be working to maintain as you approach the exit from your practice. You should…Read More→
Does Your Dental Practice Need a Check-Up?
As dentists, you encourage your patients to come in every six months for a check-up. You know that proper hygiene and routine dental care can often prevent many long-term and more serious dental issues. When is the last time your dental practice got a check-up? Especially if you’re looking to transition out of your practice,…Read More→
When Is the Best Time to Hire a New Dentist?
Have you been busier than usual at your dental office – overwhelmed, even? You might be considering adding a new dentist to spread out the work more, or to grow your practice. But how do you know if it’s the best decision, and more importantly, the right time? As an experienced dentist and business owner,…Read More→
Top Tips for Selling Your Practice
If one of your New Year’s resolutions was to start planning for life after your dental practice, you probably have lots of questions: What do I want out of the process? How long will transitioning take? What’s involved? Am I ready to leave? A good rule of thumb is to start the exit planning…Read More→
Is Your Practice Ready to Start the Transition Process?
When the time comes for you to begin the transition process out of your dental practice, there are two parts to that decision. The first is that you are ready to start the process because you are at a point in your life where you want to do all the things on your bucket list,…Read More→
When Is The Right Time to Talk To the Staff About Your Transition?
Timing is everything. When dealing with delicate situations such as selling your practice, you should approach the conversation with staff carefully. Some dentists experience feelings of guilt by keeping the news of their dental practice sale a secret from their staff. Or they view keeping the secret as a form of betrayal. What is important…Read More→
Why You Shouldn’t Try To Sell Your Practice on Your Own
Though you’ve worked hard to build and grow your practice into the successful business it is today, handling the selling process on your own can be challenging. While we understand that you’ve put all the hard work into its success and you know all the ins and outs of production and operation, it is in…Read More→
New Year’s Goals
With every New Year comes the opportunity to make positive changes. During this time, many of us can start with a clean slate and make shifts in the way in which we operate both personally and professionally. Now is the time to set new goals or revisit goals from the past that got pushed to…Read More→