Purchasing and Grooming a Successful Dental Practice

Purchasing and Grooming a Successful Dental Practice
Author: Reid Spivey
Publisher:
Total Pages: 42
Release: 2015-11-24
Genre:
ISBN: 9781519264442

You're finally a licensed dentist...now what?! For the first-time practice purchaser, this manual provides simple guidelines for how to proceed when you're ready to venture into the world of practice ownership. Relying on his own experience, Dr. Reid Spivey outlines the necessary steps to take when acquiring a dental practice, as well as the mistakes to avoid when transitioning from one owner to another. You've learned the dentistry; now learn to manage the business. "Purchasing and Grooming a Successful Dental Practice: What Dental School Didn't Mention" will help you:-Decide where to practice dentistry-Strategize to form the right type of successful dental practice-Evaluate potential practices available for purchase-Understand the steps to take when buying and transitioning a dental practice-Form the proper support team during the practice transition period-Give you the steps to take to set up your practice, manage employees, get patients in the door (and keep them!), and make your practice profitable.

How to Buy a Dental Practice

How to Buy a Dental Practice
Author: Brian D. Hanks
Publisher: Createspace Independent Publishing Platform
Total Pages: 128
Release: 2017-02-23
Genre:
ISBN: 9781544112114

If you're thinking about buying a dental practice, you must read this book. Thousands of dentists go through the process of buying a dental practice every year. Did they choose a good practice? Did they buy at the right price? Did they buy at the right time? The stakes are high to get the RIGHT answers to those questions. Buy the wrong practice and you're looking at stress, money worries, angry staff and patients, and a frustrated family that doesn't see you as much as they'd like. Buy the right practice, like many do, and you have the foundation upon which to thrive - happy, relaxed, wealthy and positively impacting the lives of patients and living the life of your dreams. Unfortunately, the process of how to buy a dental practice remains a black box for the majority of buyers. Advice, tips and information are spread across magazines, blogs, online forums and podcasts with no easy way to tell the good advice from the bad. Until now. How to Buy a Dental Practice walks buyers step-by-step through the process of finding, analyzing, and purchasing a great dental practice. In this book you'll find answers to questions like: - How do I find a good practice? - How do I choose a good accountant and attorney? - How can I tell a good practice from a bad one? - When is the right time to sign a letter of intent? - What can I negotiate besides price? - How do I get a bank loan? - What do I do after I find a practice to buy? After reading this book, you will be armed with the specific knowledge and checklists to find, analyze and purchase the right practice for you.

The Simple Guide to Buying a Dental Practice & Getting a Great Deal

The Simple Guide to Buying a Dental Practice & Getting a Great Deal
Author: Manfred Purtzki
Publisher:
Total Pages: 114
Release: 2022-04-18
Genre:
ISBN: 9781777828721

Have you been thinking about buying your own dental practice, but are worried about getting a great deal? For the entrepreneurial dentists who are planning this career move, The Simple Guide to Buying a Dental Practice & Getting a Great Deal is here to guide you to success. Purchasing your own dental practice will have a profound impact on your career, so you need to do the thinking and planning necessary to make sure it is a positive impact. This guide will walk you through the steps, from first daydreaming about being the owner of your own practice, to finalizing the purchase and walking into the next phase of your career. In The Simple Guide, you'll learn: What is a realistic goal to set for your practice purchase How to find purchase opportunities How to negotiate the best sale price and most favorable terms and more... If done right, the move to practice ownership can set you up for career and financial success, so the steps in this book are designed to make sure of that. Don't set off on this path alone-take a guide with you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.

Dental Practice Transition

Dental Practice Transition
Author: David G. Dunning
Publisher: John Wiley & Sons
Total Pages: 528
Release: 2016-07-08
Genre: Medical
ISBN: 1119119464

Dental Practice Transition: A Practical Guide to Management, Second Edition, helps readers navigate through options such as starting a practice, associateships, and buying an existing practice with helpful information on business systems, marketing, staffing, and money management. Unique comprehensive guide for the newly qualified dentist Covers key aspects of practice management and the transition into private practice Experienced editorial team provides a fresh, balanced and in-depth look at this vitally important subject New and expanded chapters on dental insurance, patient communication, personal finance, associateships, embezzlement, and dental service organizations

Dentistry's Business Secrets

Dentistry's Business Secrets
Author: Edward M. Logan, DDS
Publisher: Author House
Total Pages: 463
Release: 2011-02-21
Genre: Education
ISBN: 145202572X

Rave reviews for Dentistry's Business Secrets! “Dentistry’s Business Secrets by Dr. Ed Logan is a gift to dentistry. If you are a struggling or brand new practice, this book just might be the inspiration you need to help turn things around!” Howard Farran DDS, MBA, MAGD Founder and CEO, DentalTown Magazine and DentalTown.com “In a well written and easily understood book, Dr. Ed Logan has answered in a practical way many of the most important questions about dental practice. The information in the book will be valuable to practitioners of all ages.” Gordon Christensen, DDS, MSD, PhD Founder and Director of Practical Clinical Courses (PCC) “If you are a dentist who is ready to seriously grow your practice, Dentistry’s Business Secrets will certainly help you reach your goals! Written by a real dentist who has “been there and done that,” we consider this book a MUST READ for anyone in our profession! Dr. David Madow Dr. Richard Madow “The Madow Brothers,” Co-founders, The Madow Group, Creating Success for Dentists since 1989! “Finally! A book that gives step by step instructions for operating an effective and efficient dental practice. Whether you are a brand new dentist or a seasoned dental professional, the systems outlined in this book will not only help you become more profitable, but will actually make your chosen profession more enjoyable. Don’t just read this book, but implement the systems outlined in it and enjoy the success that follows. This book is a must read for every dental professional!” Larry Mathis, CFP® Author, Bridging the Financial Gap for Dentists “Ed Logan is a great business person who happens to be a dentist, and therein lies his value to us as his readers. Dentistry’s Business Secrets is a game plan for turning your dental practice into a thriving business. One of the best practice development investments you will ever make!” Eric Herrenkohl President of Herrenkohl Consulting Whether you are a new dentist opening your first practice or an experienced dentist looking to take your current practice to the next level, Dr. Edward Logan's new book on dental practice growth will help you achieve your goals. Written by a dentist for dentists, Dentistry's Business Secrets reveals the vital business truths Dr. Logan perfected while growing three successful dental practices from scratch. If you desire to maximize your practice value in the most efficient manner possible, then Dentistry's Business Secrets is your A to Z guide to success. Uncover the essential truths not taught in dental school and watch your practice life become less stressful, more predictable, more enjoyable and more profitable!

How to Buy a Dental Practice: Volume 2

How to Buy a Dental Practice: Volume 2
Author: Brian Hanks
Publisher: Createspace Independent Publishing Platform
Total Pages: 128
Release: 2018-06-26
Genre:
ISBN: 9781721901661

This book walks new and potential practice owners through the most important things to do (and what can wait!) to be successful running a newly purchased practice. In this book you'll find answers to questions like: When can I make changes in the office? How much do I pay myself and when? How do I market so I don't lose patients? How can I transition the dentistry in an office with established routines? How do I get the most out of my team and be a good boss? How do I know if buying a practice was a good financial move?

Business Basics for Dentists

Business Basics for Dentists
Author: James L. Harrison
Publisher: John Wiley & Sons
Total Pages: 486
Release: 2023-10-31
Genre: Medical
ISBN: 1119892856

Concise yet comprehensive overview of business management principles tailored for dental practices, with strategies to apply the core concepts to achieve success Rather than presenting a rote checklist of steps for success, Business Basics for Dentists, Second Edition describes business, economic, marketing, and management principles and explains how to apply them to dental practice. Now fully updated throughout, this book provides the essential elements of a business course—management principles, economics, business finance, and financial analysis—without getting bogged down in too much detail. Dental students and new practitioners will learn how to use the core strategic and operational business philosophies to develop an effective dental practice. The business management principles are related to various aspects of running and managing a dental practice, including office communications, billing, inventory, and marketing. All aspects of practice transition are approached, including career opportunities, buying a practice, starting a new practice, multi-practitioner arrangements, practice valuation, and planning and developing a practice. The book also covers personal financial planning to ensure that the dentist is also planning for their finances and retirement beyond the bounds of the practice. Business Basics for Dentists, Second Edition covers: Personal money management and insurance needs, reducing the personal tax burden, estate planning, and securing financing Business entities, basic economics, the legal environment of the dental practice, financial statements, and business taxes and tax planning Management principles, planning the dental practice, financial analysis, and control in the dental office, maintaining production and collections, and gaining case acceptance Generating patients for the practice, controlling costs, promoting staff effectiveness, and maintaining daily operations Focusing on the transition period from a dental student, through corporate employee, to ownership, Business Basics for Dentists is a valuable tool for dental students and professionals seeking to further their career path through actionable advice from experts in the field.

The 8 Secrets of Buying the Right Dental Practice

The 8 Secrets of Buying the Right Dental Practice
Author: Fabio Oliveira
Publisher: Houndstooth Press
Total Pages: 124
Release: 2022-04-12
Genre:
ISBN: 9781544523163

FOR OVER TEN YEARS, I've been obsessed with helping private dentists chase their entrepreneurial spirit to become successful practice owners. All over the country, I've had the pleasure of working with very successful doctors who buy highly successful dental practices. There's nothing more rewarding for a doctor than practicing on your own terms with full clinical autonomy. The best part for me is seeing my clients experience a pride of ownership that very few people get to experience in life. Every week, I speak to at least ten new dentists looking to buy a practice. And the most common question I get is this: "How do I know what a great practice to buy looks like?" The thing is, that's the kind of question that takes years of experience to answer. Unless you really know the ins and outs of evaluating a dental practice acquisition, you're bound to miss the key indicators of the right practice-or worse, buy the wrong one. That's why, in this book, I'm going to show you the eight characteristics, or "secrets," of a great practice to buy-all backed by evidence and hard data-so you'll know exactly what to look for when you're ready to buy.

Valuing a Practice

Valuing a Practice
Author: American Dental Association
Publisher: American Dental Association
Total Pages: 126
Release: 2006
Genre: Business & Economics
ISBN: 1935201115

Turn Your Dental Practice Into a Successful Business

Turn Your Dental Practice Into a Successful Business
Author: Gabriel Asulin
Publisher: Independently Published
Total Pages: 197
Release: 2018-11-23
Genre:
ISBN: 9781731511973

How to turn your dental practice into a profitable business. "Turn your Dental Practice into a Successful Business" is a bestselling book that offers practical solutions that can be easily applied in every dental practice in order to increase its sales very quickly. The book (translated into Spanish, Russian and Hebrew) provides detailed answers to all the dental practice related marketing, management and sales questions or issues, which will allow you to increase the sales and profitability of your dental practice in a very short time. The author, Gabriel Asulin, is a world-renowned expert and became a global "guru" in the field of marketing and promotion of dental practices. Gabriel is a top presenter and popular lecturer worldwide. His seminar "How to Double your Clinic's Sales in 3 Months!" was a major blockbuster in in China, Colombia, Mexico, Russia, Israel, Bulgaria and Dominican Republic in recent years. The strategies and methods suggested by Gabriel in his book are based on many years of experience in business consulting and training hundreds of dental practices around the world. The unique management and marketing methods presented in this book are successfully used by many dental practices and have proven to significantly improve sales and profitability. In this book you will learn all about: How to attract new clients How to retain existing clients How to close big treatment plans How to manage the reception area How to perform an effective re-call How to improve the hygienist's productivity How and where to advertise What to consider before purchasing a new dental practice How to reward the staff and increase their motivation How to increase the clinic's profitability How to deal with clients who perform a market survey And much more...