After a career spent building a practice, caring for patients, and being an active member in the community many doctors find retirement a bittersweet time. Selling your practice to another doctor brings the fruit of all the hard work you put in, but it is understandable to be cautious about who you sell to. You […]
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How do you make sure your dental practice transition is successful? Whether you are buying or selling it is important to know the process, and find experts you trust to guide you through it. We recently spoke with Jordan Mortensen, DMD, of Austin, about his experience buying a dental practice in Texas. Dr. Mortensen explains […]
As a small business owner, planning for retirement includes much more than saving money in a retirement account. For dentists who are reaching the end of their careers and trying to plan well for retirement, knowing the current market trends is vital. It is the first step they should take before deciding when to list […]
When you began your career in dentistry you were no doubt optimistic about where it would lead you. However, as 2020 has reminded us all, life-changing events that are out of your control can change the course of the future you planned. You may even have friends and colleagues who planned well in advance to […]
When you are planning to buy a dental practice it is important to have extensive information about the practice you intend to buy in order to make the right decision. Asking the right questions will give you an idea of the assets and liabilities the practice has, and help you establish the practice’s potential. Most […]
You probably already know that listing a dental practice for sale takes time and planning. But another crucial aspect of any successful dental practice transition is assembling a team of experts. If you’re considering selling your practice in the next five years the first thing you need to do is find a qualified dental CPA. […]
How much do you know about buying a dental practice? Whether you are ready to start the buying process or you are still in dental school it makes sense to familiarize yourself how dental practice transitions work. Unlike buying a house or a car, there are no for sale signs in front of dental practices […]
How do you know when is the right time for selling or buying a dental practice? Many dentists ask us this question and, in the current economic climate, we are seeing it even more. Though it sounds counterintuitive, now is actually a good time for dental practice transitions. Older dentists are increasingly interested in selling […]
Trying times give us the chance to discover our strengths and weaknesses and reevaluate our practices. In dental care, it’s a good idea to reevaluate how you’re doing from time to time. When you make an extra effort to show compassion toward your patients and their individual concerns, not only will they be grateful for […]
Across the nation dental offices that were closed for weeks or months due to the COVID-19 pandemic are finally back up and running, at least part time. However, they are back with several profound differences that make a big impact in the lives of dentists and their staff. For the health and safety of the […]