So you think you’ve found your dream practice. Great location, perfectly designed treatment rooms, top-of-the-line equipment. After speaking with the selling doctor, you discover that you both have the same patient-care philosophy. It seems perfect, or is it? To ensure you’re making the right decision,
Yes, 31-occlusal and 18-buccal have been treated – composite resin and sealant, respectively. Certainly that’s a success for one patient outcome, but how about for the entire practice? Hundreds of cases like these plus dozens of larger cases add up each year to a profitable
It’s a competitive world out there, and as a dental practice owner, you can’t afford to take the success of your practice for granted. A solid marketing program with regular advertising and promotional perks may help you stay a step ahead of the competition. But
In the age of changing and advancing technology, dentists may consider new gadgets such as lasers, imaging, or phone systems to improve their dental practices. However, in speaking with doctors over the years, I have found that growing your practice is often more about a
If you may sell your veterinary practice in the future, it is beneficial to determine its current value while you can still have time to make changes. Improving your practice value even years before you are ready to sell may help increase profitability now and
Looking to Buy However, a veterinarian’s high student debt load is not necessarily an impediment to practice ownership. Ownership may even be the ticket to faster student debt retirement. Practice owners typically enjoy larger salaries than associates, can potentially amass greater wealth, and should capture other financial
Owning a dental practice is a goal of most dentists, in fact it’s the American Dream to have ownership of something. So, how do you get there and what do you need to think about first? For dentists, the first decision is whether you should
It is not enough to simply choose the correct location or space, equipment and financing. Starting a new practice or growing your current practice requires leadership skills and business savvy — two things you may not have been taught in school. Experience tells us that
You’ve trained for years to become a dental professional, and now you may want to make the leap into practice ownership. Whether purchasing your first practice or building from scratch, it’s important to move ahead with confidence and not hold back on your dreams from
You’ve trained for years to become a veterinary doctor, and now you may want to make the leap into hospital ownership. The good news is that the demand for veterinary services is likely to remain strong, with pet ownership a high priority for many families.