DENTAL PRACTICE
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Space sharing, satellites, and other silver bullets

Thursday, November 3rd, 2016 by ADS - Practice Transitions Made Perfect (TM)

Wendy Hirai COSTS ARE GOING UP, and profit margins are shrinking. What’s a practice owner to do in order to stay competitive? How are you going to keep the doors open, keep the staff happy and productive, keep the new patients coming, and still manage to keep some money in the bank at the end…

Why should I give you an exclusive listing?

Thursday, November 3rd, 2016 by ADS - Practice Transitions Made Perfect (TM)

Earl M. Douglas, DDS, MBA, BVAL SEVERAL YEARS AGO I was contacted by a dentist who was desperate to sell his practice. Although he already had a nonexclusive listing with another broker, he also agreed to list his practice with me in an exclusive listing, which meant that I would receive a commission even if…

Multiple Offices

Thursday, November 3rd, 2016 by ADS - Practice Transitions Made Perfect (TM)

UNTIL ABOUT A DECADE AGO, most dentists owned only one office. Of course, there were some exceptions to this, such as specialists who had a number of locations. The landscape has changed considerably. One of the major changes has been the growth of corporate dentistry. Another is the deep recession that reduced the busyness of…

Selling your practice in the next five years?

Thursday, November 3rd, 2016 by ADS - Practice Transitions Made Perfect (TM)

Gretchen Lovelace, MS, CFP, CPM THERE ARE COSTLY PITFALLS in any dental transition. A prudent dentist will use a dental practice broker to avoid stress and lawsuits when he or she sells the practice. MONEY: Do you have enough money to retire? Determine exactly what income you will require post sale. Determine what you will…

Student loan debt is one of the largest problems in dentistry today, and not just for young doctors!

Thursday, November 3rd, 2016 by ADS - Practice Transitions Made Perfect (TM)

Timothy G. Giroux, DDS MY DAUGHTER is a second-year dental student at a private dental school in Southern California. Her class members will graduate with an estimated $400,000 debt assuming they also borrowed money for living expenses as well as their dental education. This is a massive amount of debt to cover before one even…

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