It’s taken fortitude to establish and grow your dental practice. But now, you’ve decided the timing is right to sell. Before the “for sale” sign goes up, though, it’s important to think through the steps. Here’s what you should consider when selling your dental practice: Enlist help from experts You may be tempted to handle…
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You want to buy a dental practice. It’s a big step, but you feel ready. Still, since it’s not only significant investment financially but also in your future, you want to go about it the right way. So, here’s a guide to help you navigate your impending purchase. Advantages of buying a dental practice Probably…
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Hundreds of dental practices are purchased every year. It has become increasingly popular to buy a practice rather than build one from scratch. This is because dentists can often buy a relatively good-sized dental practice for cheaper than what it would take to build one from the ground up. Learn more about how much it…
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A productive dental office works like a well-oiled machine. Everyone knows what to do and is doing it efficiently. That can only happen if the dentist is productive on his or her own. Like the captain guiding the ship, the dentist affects the extended functions of the office. If you set goals and responsibilities and…
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Running a successful dental practice is harder than it looks. While many dentists offer an exceptional patient experience, they may struggle to be great business owners. If you’re looking to grow your business, follow these principles to get more patients and bring back the ones you already have. Focus on Professionalism During the Appointment You…
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Buying a dental practice requires a lot of scrutiny and discussion. Even minor details can have a huge impact on your future success. You need to know how successful the practice has been, what assets will transfer to you, and how the previous owner’s situation may impact your future profits. What Factors Support Your Own…
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How much is a dental practice worth? There’s more to this question than you may assume. In addition to the tools and property of your practice, it’s important to consider things like reputation and existing customer base. This makes it extremely hard to guess a practice’s value. There are, however, a series of factors that…
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When it comes to owning a dental practice, you want to have a working knowledge of how much most dental practices sell for. If you are looking into either selling or buying a dental practice, then you understand the investment you are making. However, you really want to know how much you can make in…
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Whether you’re in the process of selling a dental practice, or you are simply considering a sale, you’ll need an appraisal. Understanding how the process works can help you make the most of your practice. We’ve outlined a simple way to do a quick appraisal on your own. We also go into the primary details…
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Selling a dental practice takes foresight and communication, but it isn’t as difficult as you may think. Once you’ve made your plan and gathered the necessary information and team members, the process becomes easier. The better your support and planning, the faster you’ll move to a closing. Determine What You Need In order to get…
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