Analyzing a Practice for Sale

The largest cost in any dental practice is the money paid to staff. So when you are looking to buy a dental practice, the number one expense to pay attention to is staff costs. Staff costs include not just salaries, but also payroll taxes and any benefits or perks...

I firmly believe that owning your practice is the best career move a dentist can make for both their career satisfaction and your wallet. You're likely to spend at least as much time in the practice you own as your own house. So pick a good practice! But...where?...

I call it my most bone-headed move in high school. Though, to be fair, the situation was totally unprecedented.  I had not just one, but two, girls ask me to a school dance my junior year of high school.  Having one girl interested was special enough. But two? At the...

When buying or selling a dental practice, a key question to accurately answer is: How much is my dental practice worth? Buyers are especially interested in a fair answer to this question as the dental transitions industry has traditionally been heavily skewed to help...

One of the key pieces of information you’ll need to get when buying a dental practice is the financials of the practice you want to buy. Ah, the “financials.” What does that word mean anyway? Buying a dental practice can feel like it has a language all its own...

Let me tell you about one of the worst transitions I’ve ever been a part of. I knew it was the worst when my client, the buyer, called and started to cry on the phone. This client had done everything right. He had kept expenses low in school, moved to a small town for...

When I’m working with a new dental client and we’re looking for the first time at a practice for sale, one of the most...

You can look at seven numbers to get a sense of whether a practice you’re considering buying is worth your time. I’ll outline exactly what to look for in a practice you’re considering purchasing. Key Number #1 - Collections - The foundation of whether to purchase any...

Have you ever had a friend who wanted so badly to be in a relationship they talked themselves into being with someone who was a horrible match for them? I had a roommate in college who wanted to be married so badly that he talked himself into relationships that were...