The difference between being prepared or not is the difference in how much stress you’ll go through in your transition process. (I often talk about networking with “gray-haired dentists”; don’t become one of them before your time.)
Let me tell you about two clients. Both true stories, one bad, one good.
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.
2023 has a few things going for it. Who knows what will happen in the wider world, but in the world of dentistry, I’ve got some trends I’m looking forward to this year.
When you’re looking at offices that you’ll potentially buy, let the supply costs be your canary in the coal mine. How they manage their supplies and labs may be an indication as to how well, or poorly, the office is managed in general.
The most important quality to look at when buying a practice is one with strong office collections.
As a general rule of thumb, I strongly encourage you to ignore any practice that is not collecting at least $750,000, preferably $800,000+.
Why is that? Read on to find out. (More detail in the video after the jump.)
Just like asking strong questions can work for your benefit, asking wrong questions will be to your detriment. Here are 4 questions to avoid at all costs when meeting the seller.