Over the last several months I have been speaking at various Study Clubs and Dental Societies on the topic of Successful Dental Practice Transitions. This article condenses my presentation into a quick read of the current dental practice sales market and what you can do to be successful as a buyer or a seller.
Successful Dental Practice Transitions Read More »
I am fortunate to have David Lind here to service our clients while Val and I went for a cruise in the Orient. Beijing for three days then the cruise; Tianjin to Shanghai, Okinawa, Taiwan, Hong Kong, two ports in Vietnam, Singapore then Bangkok for three days. We stopped in Vancouver both directions and visited some friends. A great vacation! But when we arrived home we had five inches of water in the basement. Both sump pumps failed.
Taking Care of Business Read More »
Good basic dentistry is the bread and butter of most practices. Cosmetic dentistry, implants, full mouth reconstructions are great skills to have but may be the first to be dropped in hard times. A downturn in the economy will not impact all practices the same way. Be one of the winners.
Two areas to focus upon that could negatively impact the value of your practice Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! In the last three months we have completed eight matrimonial practice valuations. One was for a spouse and the other seven were for doctors. This is not the most pleasant time for the doctor but one should try not to be
Matrimonial Practice Valuations Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! We are often asked to value small and low billing practices. After the doctor’s remuneration is accounted for, it may initially appear as if the practice is not profitable. Since we are looking for excess earning capacity, over and above remuneration
Small Practice Valuations 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 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! 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! Although profit and patients are the main driving forces for determining a practice’s value, they aren’t the whole story. It is very difficult to take a good older practice with old equipment and old leaseholds – even one with low, low
The Balanced Practice Read More »
Share on Facebook Share on Twitter Share on linkedin Download the PDF version now! A motivating reason for owning a practice is its ability to pay you for more than your efforts as a dentist. This additional pay is called the excess earning capacity. It is calculated by normalizing the financial statements by adding back
Excess profits – the second key Read More »
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