Blog

Dental 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 More

Settling Credits Before Listing Your Practice

By Jen Bennett, Practice Transition Specialist You’ve made the decision to sell your practice, and with that comes the to-do list of tasks that can often feel daunting. One important task that is often overlooked is settling patient credit balances. What are credit balances and where do they come from? In many cases, a patient will have a credit on their account when their insurance pays more...Read More

Entrepreneurial Energy

By Corey Young, DDS, MBA, Practice Transition Specialist   What defines entrepreneurial energy? According to David Lyons, PhD: “Entrepreneurial energy is the force that sustains the momentum and velocity of progression in the venture. Energy can rise through excitation/agitation and fall through decay of the energy as a result of predicaments or failures. Entrepreneurial energy is an...Read More

Pitfalls to Avoid in Buying a Building

By Steve Kikikis, Vice President, Commercial Real Estate Broker Money Pit or Cash Cow? On occasion when a doctor purchases a practice there is also an option to purchase the real estate.  Historically, real estate has been a good investment over time, but owning a commercial building has its own nuances. There are a lot of similarities between owning a commercial building and a residential...Read More

Are You Ready to Sell?

Are You Ready to Sell By Megan Urban, Practice Transition Advisor Are you ready to sell your dental practice? This is always a difficult question to answer for most dentists. You may still love doing dentistry but want less stress. How is your body holding up? Do you have enough money to retire? How much is your practice worth? Contact your transition consultant/broker and have a...Read More