Dr. Smith had served patients for 30 years in a vibrant community. As he approached retirement, he started thinking about his exit plan. We discussed his goals and answered critical questions, and he eventually decided to bring on an associate and work towards a buy-out agreement. We used our network to find Dr. Johnson, a …
If you’ve spent years building your dental practice, you may be considering how to make a successful exit. DSOs and private equity groups have dramatically altered the landscape and created new opportunities and pitfalls to navigate. Solo practitioner ownership has declined over the past ten years, but dentists may still want to add an associate …
Buyers and sellers of dental practices come from different worlds. Sometimes they’ve gone to the same dental schools, learned the same basic procedures, and earned the same degree. But often, they’ve grown up in different generations and are at opposite ends of the career journey. Sellers of strong practices have integrated many complex pieces over …
How Dental Practice Buyers And Sellers Reach Win-Win Read More »
The past few years reminded us that life can be unpredictable and the world changes quickly. But dentistry has also proven resilient; owners have managed staffing issues, inflation, and new patient expectations to emerge more robust than ever. Dentists who set themselves up for success take intentional steps to get where they want to go. …
Most of us spend time thinking about resolutions this time of year, and I’ve been considering my personal and business goals. As you certainly know, running a business isn’t easy at the best of times. But the current economic climate demands more focus and effort than ever before. With that in mind, my partner and …
Every year moves faster than most expect, and soon we’ll look at 2022 in the rearview mirror. But the end of the year gives us time to reflect, take stock, and plan for new opportunities. We hope you can take a little time away from your practice and enjoy time with family and friends this …
Year-End Review: 5 Essential Year-End Reflections for Dentists Read More »
Your dental practice took years to build and likely holds a significant allocation of your retirement assets. While you understand the nuances of running your practice and caring for patients, a practice sale is usually a one-time event. Nevertheless, a potential transition raises essential questions about the process, and accurate information helps you make measured …
Dental Practice Valuation: 4 Questions You Need to Answer Before a Sale Read More »
As a dentist, your experience holds a value that’s often hard to measure. You’ve built many relationships in a high-touch profession, and your team sees you as their leader. The wealth of trust you’ve built underscores your reputation and goodwill, and this investment in people becomes part of your legacy. Much of the fulfillment in …
How To Calculate (And Maximize) Dental Practice Value Read More »
In 2018, Dunkin Donuts made a move that seemed minor: they dropped “donuts” and simply became Dunkin. This brand shift reflected an underlying streamlined approach and a new purpose as a beverage-first resource. Dunkin didn’t take the task lightly and invested over $100 million in its new direction. Some dental practices are motivated to follow …
How to Market a Dental Practice: 5 Ways to Boost Your Marketability Read More »
When new patients walk in the door, they choose your practice above all others within your region. That decision reflects the quality of your operation and the components you’ve built to earn trust and a solid reputation. While they may be attracted by the brand message or Google reviews, they’ll often commit to a long-term …
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