Do Not Wait to Buy a Practice
Do Not Wait to Buy a Practice By Rod Johnston, MBA, CMA Do you ever sit back and wait for something to happen thinking that if you wait, that something could turn out perfect? But, then you end up waiting a little too long and you end up missing your perfect opportunity? Whether that certain thing is a cake that you think you need to wait a few more minutes to bake and then you end up burning...Read MoreThe Importance of a Good Team When Purchasing a Dental Practice
Buying a practice can be a daunting task. That’s why it’s important to not only have the skills and education to analyze a practice, it’s also important to have a good team on your side. On your team, you will want a Certified Public Accountant that has a big emphasis or specialization in your field. They need to know the industry, numbers, etc., they should also be accredited in practice...Read MoreThe Short List Before Selling Your Dental Practice
by Megan Urban, Practice Transition Advisor, Omni Practice Group There are many steps to selling your practice and your trusted advisors are here to help. Right now, I want to address just a few items that many dentists don’t think about and that can lead to surprises. Contact your CPA and/or Financial Planner regarding the following items: Are you financially prepared to retire? Your...Read MoreDental Partnerships
By Megan Urban, Practice Transition Consultant, Omni Practice Group Dental partnerships can be great or not-so-great. They can include different scenarios: buying a partnership, adding a partner to your existing dental practice, or a start-up partnership. To ensure you have the best outcome, financially and emotionally, you’ll need to consider some important questions. Are you friends,...Read Moreby omniadminSeptember 2, 2022 Practice Management, Practice Sales, Seller Articles, Selling a Practice0 comments