by omniadminMay 28, 2021 Buyer Articles, Practice Management, Practice Sales, Seller Articles0 comments
The Business Side of Dentistry – Theft and Embezzlement
By Kevin Brady, Practice Transition Advisor Experts estimate that more than 40 percent of dentists are embezzled with an average loss of $50,000. But, because the embezzlers often steal small amounts of money over many years, the thief is never noticed. The US chamber of commerce estimated that 75 percent of employees steal from their workplace and that most do so repeatedly. A majority of...Read MoreWhat You Need to Know Before Signing a Covenant Not to Compete
By Jen Bennett, Practice Transition Advisor You’ve graduated from dental school so naturally, you’re ready to get your feet wet and start seeing patients. Nearly every dentist will be an associate at the beginning of their career and with that comes the dreaded associate contract. You found a great associate opportunity and you’re eager to start collecting paychecks. But before signing that...Read MoreChoosing between Buying an Existing Practice Or Doing a New Build
By Corey Young, DDS, MBA Choosing between buying an existing practice and doing a start-up practice can be one of the biggest decisions of your life. Here are four considerations and two suggestions for when you are contemplating. The four considerations: Market Saturation – How many dentists are practicing in the area you are considering? Hardly any? One on every corner? Somewhere in...Read MoreDentist Entrepreneurial Summit 2021
What you receive when you come to the GIG M.BF. Entrepreneurial Mastermind Summit: The GIG M.B.F. Entrepreneurial Summit is designed as a total support system for Dentists/entrepreneurs with their sights set on “sky’s-the-limit” growth and the freedom to create the kind of richly satisfying life they dreamed of when they made the decision to become a dentist. With all the...Read MoreWant to Purchase a Practice?
By Megan Urban, Practice Transition Advisor Want to purchase a dental practice? Here is a basic starting To-Do List to get you going! – Where do you want to practice and where will you and your family be happy? – Get your last 3 years of personal tax returns together. – Gather your debt details: student loan, credit card, mortgage, etc. – Start to look at your current...Read Moreby omniadminFebruary 11, 2021 Buyer Articles, Buying a Practice, Practice Management, Practice Sales, Seller Articles, Valuation0 comments