1. What’s the value of a dental practice? The value of a properly appraised practice is a function of two factors: Risk and Net Income. The greater the risk to success in a practice, the lower the interest from buyers. Higher risk translates to lower practice value. Valuing a practice involves the review of three… read more »
Archive for the ‘Partnerships’ Category
The associate buy-in
Wednesday, June 23rd, 2010In this day and age of deferred retirements,more practice owners are making the decision to havean associate join their practice. Hiring an associatemay allow the senior dentist to take more time off and stillmaintain some income. Before such an endeavor is undertaken, it should be realized that an associate buy-in is muchmore complex than the… read more »
Ten questions to ask about your buy-sell agreement
Thursday, December 4th, 2008When practicing as a partner, one key agreement that should be in place is the buy-sell agreement. This stipulates the orderly purchase of a partner’s share of the practice if a partner dies, becomes disabled, retires, or leaves the practice prior to retirement. Here are 10 questions to ask about your buy-sell agreement: 1. Is… read more »
Women and practice transitions
Tuesday, January 1st, 2008The emergence of women in dentistry has been a slow but steady phenomenon that has challenged many of us to examine our preconceptions and stereotypes of how women practice. Besides the many influences women are having on the clinical side of the profession, they also are impacting the management and transitioning of practices. Recently, Gretchen… read more »