Upcoming Dental SeminarsFriday, February 1, 2018 – Seattle Midwinter Practice Transitions Seminar, Bellevue Club in Bellevue, Washington – Register hereFriday, February 8, 2018 – Portland Midwinter Practice Transitions Seminar, MAC Club in Portland, Oregon – Register here
Read More
Given it’s almost Halloween, I thought we would cover a scary topic when purchasing a practice – Skeletons in the Closet. If you have purchased a practice, or are about to purchase a practice, the skeletons in the closet are those unknown things that can come back and BITE YOU! after you have taken ownership and moved in.
The first one to look out for is staff embezzlement. You can...Read More
If you were contemplating a practice sale in 2018, but didn’t get started, you haven’t missed the boat… yet! In 2018, consider the following:
Interest rates on practice loans were between 4.75% and 5.25%
50% of dentists are now over the age of 55
The economy has been strong
Consumer spending on dentistry has increased
Practice values were up 5% to 10%
All of these...Read More
If you have been out of veterinary school for a few years, you may be contemplating owning your first practice. But, for one reason or another, you have not taken that first step. Maybe it’s the fear of not knowing the process of what you need to do to buy or build a practice. Or, it could be you are afraid you may not have what it takes to be a practice owner. Or, possibly, you believe...Read More
By Rod Johnston, MBA, CMA
Here are 10 of the most frequently asked questions we get when buyers come to us looking for a practice to purchase:
Q-1: When should I buy a Dental Practice?
A-1: Most buyers are out of school at least two years. This allows the dentist to increase his hand speed and allows them to be an associate in a practice or two where they can see how a practice is...Read More
