Blog

Ideal Practice Benchmarks

By Jim Vander Mey ​People love benchmarks.  They want to know how many glasses of water we should drink each day.  How much we should work out every week.  Or, how many miles per gallon our cars can achieve. There are also benchmarks to look at when you are buying a practice.  They may not necessarily be deal-breakers, but they help determine what you will need to do to get to your target....Read More

HARVESTING YOUR EQUITY IN YOUR PRACTICE

You Don’t Have To Retire If You Sell Your Practice ​By Rod Johnston, MBA, CMA A few years ago, I decided to sell my house in Kirkland, WA.  I wasn’t planning on moving anywhere.  I still planned on living for quite a while longer.  I didn’t have any health issues, nor was I downsizing from my 1,100 square foot house to a smaller house.  I purchased the house almost 20 years prior and it...Read More

Want to Sell Your Practice in 2-5 Years?

By Megan Urban Broker/Production/Collection Consultant, Omni Practice Group ​ If you are considering selling in a few years, contact a broker now that has lots of dental experience and can assist you to prepare. You may want to continue the way you have until you sell, but if you have any interest in doing a few things to secure a higher price and have a desirable practice to buyers,...Read More

Broker versus No Broker

By Megan Urban Broker/Production/Collection Consultant, Omni Practice Group ​Thinking of selling your practice but don’t want to pay the broker’s commission? Think again. Do you ever refer out procedures because you know the specialist has more experience, may get a better result, and take less time? History shows that any time you sell your business and/or real estate yourself, the...Read More

How To Buy a Practice

By Megan Urban Who can help me?  This is a very important decision and time for you and your family, so it’s critical to build your team of trusted advisors, such as dental specific broker (with a real estate license), lender, CPA, attorney. These professionals have done many unique transitions, and often with each other, so they work well together and know how to provide you with a...Read More