Blog

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

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

What To Do with Your Practice If You Are Sick Or Dying?

Most of us have a vague notion of what retirement might look like but that’s where our planning usually stops.  Getting sick or receiving a terminal diagnosis isn’t something that is easy to think about and is even more difficult to talk about.  Nobody wants to contemplate their last moments in this world. Sadly, we have all witnessed peers who have been thrown a curve ball and had an illness...Read More

Buy an Existing Practice or Build a New One?

By Rod Johnston, MBA, CMA We speak with hundreds of practice buyers each year.  Many are looking for that gem of a practice in their desired area; a practice with new or newer equipment, digital technology, great location, recently remodeled, etc.  Oftentimes, that practice either doesn’t exist; or if it does exist, it’s not for sale.  So what’s a buyer to do – buy an existing practice...Read More

Should I Pay Down My Student Debt Before Purchasing a Practice?

By Rod Johnston, MBA, CMA Nothing resonates more with recent college graduates than the talk of possibly wiping away student debt.  Even though this might be a talking point of our current administration, it does bring up a question that newly graduated dentists worry about if they want to own their own dental practice.  Should I pay down my student debt first?  Or should I purchase a practice...Read More