What are Some of the Best Ways to Sell a Dental Practice?

August 30th, 2019 by ADS - Practice Transitions Made Perfect (TM)

The best way to sell a dental practice If you are healthy and just want more free time, you are fortunate to have time to plan for a successful dental practice transition. If you are two to three years out from selling your practice, it is not too soon to meet with your ADS broker…

How to Start a Successful Dental Practice

August 12th, 2019 by ADS - Practice Transitions Made Perfect (TM)

WHAT THEY DIDN’T TEACH YOU IN DENTAL SCHOOL   Most of us graduated from Dental school with little or no training in basic business principles. Some of us may have taken a year or two of business classes (as I did) and others may have even graduated with a business degree. Even then, there was…

Ten Things You Can Do Now to Increase Your Practice Value

February 20th, 2018 by ADS - Practice Transitions Made Perfect (TM)

Earl M. Douglas, DDS, MBA, BVAL   If you’re like most people, you want to sell your assets at  the highest price possible and buy assets at the lowest price possible, and that is how the market for any commodity is formed.  When a  buyer and seller finally agree on a price, we learn what…

Things to Look for in Your Associate Dentist Employment Agreement

February 20th, 2018 by ADS - Practice Transitions Made Perfect (TM)

  Written By Kevin Shea   If you get a job as an associate dentist you are typically confronted with a written Employment Agreement containing many confusing terms and conditions.  Trying to decipher the meaning and context of an Employment Agreement can be just as confusing as a layman trying to read an x-ray.  …

Do You Have What It Takes to Be a Successful Practice Owner?

February 20th, 2018 by ADS - Practice Transitions Made Perfect (TM)

Written by Jeremy Brown   Dental schools provide an excellent platform for training students to practice dentistry, but fail to prepare them for the realities of private practice ownership.  Today’s young dentists are faced with increased competition like never before. The biggest challenge facing future practice owners is the increased number of corporate clinics. The…

Maximizing Your (Huge) Investment

February 20th, 2018 by ADS - Practice Transitions Made Perfect (TM)

In my career of helping dentists acquire their practices, obtaining financing is one of the bigger tasks.  In previous years, I was dealing with the commercial brick and mortar banks that you pass on the way to wherever you go.  These banks are required by federal law to make sure that any loans that they…

Understanding EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)

December 30th, 2016 by ADS - Practice Transitions Made Perfect (TM)

Peter J. Ackerman An understanding of the value of a dental practice is essential not just for those considering a transition, but for any dentists attempting to accumulate wealth for their retirement. All dental practice owners need to understand the true investment earnings (EBITDA-earnings before interest, taxes, depreciation, and amortization) of what is often their…

When Behavior Defies Logic

December 30th, 2016 by ADS - Practice Transitions Made Perfect (TM)

By Sarah Lynch The top three risky behaviors for dentists to avoid are indecision, procrastination, and letting emotions drive a deal. These can cost you financially and rob you of your peace of mind. The smoothest practice transitions involve careful planning and excellent communication between the parties. I can’t emphasize planning enough! The most successful…

Let’s Get That Enthusiasm Back For Owning Your Own Dental Practice!

November 8th, 2016 by ADS - Practice Transitions Made Perfect (TM)

By Ryan Brengman, Shea Practice Transitions During a recent conversation with a new graduate, I inquired as to their professional goals and aspirations as they made their way in to the world of practicing dentistry.  Their reply was, “I guess I will just go work for one of the big companies.”  This response was void…

Dental practice real estate: own it or rent it?

November 4th, 2016 by ADS - Practice Transitions Made Perfect (TM)

Edward R. Esposito, MBA, CVA ANY DENTIST LOOKING INTO COMMERCIAL REAL ESTATE (CRE) for his or her dental practice should have the mentality of being “pro real estate.” In other words, you should not be afraid of real estate financing, market forces, and property management. If you are comfortable owning a home or rental property,…

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