Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! How does your practice look? Many practitioners have had their practice with no significant change month-to-month and year-to-year – and it does get old and tired. If your leasehold improvements are 20 years old without any major refurbishing you probably fall […]
Visual Presentation of Your Practice Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Since patients and profits make up most of the value in a dental practice sale it is important that patient charts present themselves in the best possible light. There are a number of important steps that should be undertaken before a
Presentation of Charts Read More »
Share on Facebook Share on Twitter Share on linkedin The lease of your premises can be a positive or negative factor in the sale of your practice. The banks will want to assure themselves that you will have possession of the premises well into the future if you intend to stay at that location. If
Your Premises Lease Can Be Your Worst Enemy Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! There are several reasons to have your practice valued: For sale purposes For matrimonial purposes For estate and or retirement planning To value the practice when an associate starts To secure a loan from the bank Insurance purposes Most practice sales
How to Select an Appraiser for Your Practice Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Quite often when I speak to groups of dentists I talk about ratios in a dental practice. Today I am writing about Billing Ratios so that you can compare your practice to them. First to set some of the parameters: The
How Are Your Billing Ratios? Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! We are often asked to value practices with old old equipment (25 to 35 years) but with a steady patient base of 500 to 1000 patients. The doctor does not see the equipment as old because he has aged with the
It Pays to Invest in Your Tangible Assets Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Too often I come across a dentist with two or more locations and there is only one set of financial statements for all the practices. This will give rise to many problems when the dentist wishes to sell only one of
The Importance of Separate Financial Statements Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! Selling a dental practice takes time. There are several things to consider, including location, patient base and the age of equipment that are key to the length of time it takes to sell a practice. Here are five levels of demand
Five Time Frame Levels to Sell a Practice Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! When we valuate practices, we are continually surprised by the lack of formal procedures surrounding the backup and retention of computer information. Just about all practices backup their computers every night but the similarity ends there. Too often the backup tapes
12 Suggestions to Safeguard Computer Data Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! The key location factor in purchasing a practice is visibility. Good visibility can save you promotion and advertising dollars by letting potential patients know there is a dental practice in the area. This is why dentists will pay a premium rent
How to Buy a Visible Practice Read More »
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