If you’re on the hunt for a great practice to buy, knowing how to look is one thing, but knowing just what you’re looking for? That’s something else entirely.
Here are the top 3 three things I look at when I’m helping a client assess a potential practice to buy.
“Networking” evokes images of schmoozy glad-handing at industry functions, passing out and taking business cards with promises of keeping in touch. And for some people, it *is* that!
That style of networking isn’t invalid, but it is tough for a lot of us, especially the introverts out there.
This is a topic I’ve hit recently, but I continue to get enough questions about it that I wanted to revisit it one more time.
“I want to buy a practice. Where should I start looking?”
I get this question a LOT. In fact, it’s usually the next question right after “How do I find a practice to buy?” Here’s my approach.
Among the perks of dentistry is that it can provide financial security that few other professions can. But to achieve it, you’ll need to pay attention to more than just your basic clinical skills. Here are three tips for new dentists to get off on the right foot financially as you start your career.
If you want to own a dental practice, you’ll need some skill with that drill. That’s not according to me, that’s according to the banks that will be loaning you the hundreds of thousands of dollars for the practice purchase.
There are gaps that you’ll need to fill to make the most out of owning your own practice. I’ve listed three of them below, with some resources you can use to get started.
The point isn’t whether you should or shouldn’t buy this particular practice; the point is to start looking at practices with an eye toward ownership. And what better place to start?
I was recently asked to explain, well…what it is I actually do! Good question. Here’s how I can help you and your career, starting NOW.
In order to build real wealth over your career without losing your mind in the process, there are two mindset shifts I want dentists to make. Let’s get right into them.
Give me just a few minutes and a few paragraphs and I’m going to change your mind about networking. Really!
Here’s the thing: Networking is good for you, but it’s also good for the dentists you’re networking with.
Jenny Stern is a licensed general dentist who practiced for over twelve years and completed a General Practice Residency in 2008. In addition to receiving her real estate certification in 2017, she also has experience with practice transitions and business banking. Read more »
Tara Clarridge is the former business manager of an oral surgery practice that had multiple locations. She has over twenty years experience with everything from payroll to credentialing and is eager to answer any questions you may have. Read more »
Sam Sutton has been very involved in the dental world throughout her life, and will work closely with you to open up your practice. Prior to joining Dental Buyer Advocates, she was a Dental Hygienist and has seen how successful dental practices run. Read more »
Brian Hanks is involved in all deals with the team. Prior to starting Dental Buyer Advocates, he was an accountant and Certified Financial Planner™ at two different dental CPA firms. He will help guide you through the process of buying the right dental practice. Read more »
Brian Tomono is a 24-year dental lending veteran. He brings his experience to your deal to make sure you pay as little as possible to the banks. He assists doctors in negotiations and team building to achieve their dreams of practice ownership. Read more »