How To Buy A Dental Practice
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How To Buy A Dental Practice
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Author : Brian D. Hanks
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-02-23
How To Buy A Dental Practice written by Brian D. Hanks and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-23 with categories.
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.
How To Buy A Dental Practice Volume 2
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Author : Brian Hanks
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-06-26
How To Buy A Dental Practice Volume 2 written by Brian Hanks and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-26 with categories.
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?
The Simple Guide To Buying A Dental Practice Getting A Great Deal
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Author : Manfred Purtzki
language : en
Publisher:
Release Date : 2022-04-18
The Simple Guide To Buying A Dental Practice Getting A Great Deal written by Manfred Purtzki and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-18 with categories.
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.
Dentist To Dealmaker
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Author : Nate Williams
language : en
Publisher: Bookbaby
Release Date : 2020-08-22
Dentist To Dealmaker written by Nate Williams and has been published by Bookbaby this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-22 with categories.
I have worked as a dental Certified Public Accountant (CPA) and financial advisor since 2007. And for the past 12 years, working almost exclusively with owners of dental practices, I've invested far more than Malcolm Gladwell's required 10,000 hours into this profession (see "Outliers,"Malcolm Gladwell). More importantly, as a CPA, I see the world differently than the average person. For example, when you notice the cars other people drive, the houses they live in, the vacations they take, or the number of practices they own, you probably create an assumption of how well someone is doing financially. When I look at these things, I immediately think about the complexities of their tax returns and personal financial statements - and because I may actually be the one to prepare those tax returns, I'll know how well they're doing. Recently, a friend commented to me after returning from a trip to Orange County, CA, "Everyone down there has so much money; I saw so many Porsches and BMWs and Mercedes..." Like the rest of us, this friend has been conditioned to believe that if someone spends a lot of money, they must have a lot of money. This assumption, as I've learned from my insider position as a CPA, is flawed. The assumption that high spending equals "doing well financially" is like assuming that the guy who orders the Triple Bacon Cheeseburger must have a six pack! As a CPA and financial advisor, I have learned that the doctors who are doing well financially are those who have money in the bank, have financial peace of mind, and ultimately own assets that generate enough passive income to replace the income they earn by working in their practice. Over the last decade, I've studied success and failure alike. I've looked for and found patterns and behaviors and personalities and practices that lead to wealth; and I've found the same that lead to the prolonged indentured servitude so many doctors unfortunately experience. With a seasoned history of working with dental practice owners (or aspiring ones) like you, I've written this book in hopes it will provide you with everything you need to know about how to buy a dental practice that will carry you into what we call Financial Independence: the moment when you're free of debt and have enough passive income to pay for your current and future lifestyle.
First Time Dentist
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Author : Adam Heim
language : en
Publisher:
Release Date : 2018-05-02
First Time Dentist written by Adam Heim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-02 with categories.
Owning a dental practice can be one of the most professionally satisfying and lucrative investments of your life. However, buying a dental practice can be a daunting endeavor. Successfully closing on a practice requires you to have knowledge of many different facets of business - accounting, legal, operations, human resources, and much more. Most dentists will quickly find a maze of sometimes biased information from an industry which does not have their individual interests at heart. Practice purchases are further complicated by the incentive structure of brokers - which requires a buyer to pay to hire their own representation.The author (Adam Heim) was presented with this exact scenario when he helped his wife purchase her dental practice in 2014. After the experience concluded, the author felt compelled to do something about it, and created Firsttimedentist.com, a hub of information related solely to helping dentist find, buy and manage their dental practices.In the "First Time Dentist" book, you will take a guided tour on the steps necessary towards buying a dental practice. Concepts include: Lifestyle Design/Vision Setting, Building Your Transition Team, Finding and Assessing a Practice, Financial and Performance Analysis, Negotiating, and Closing on the practice (of your dreams!), my Mistakes, Cost of Purchasing, and much more!The mission of First Time Dentist is to "Inspire Practice Ownership, Through Action." So please consider purchasing the "First Time Dentist" book and take the first action step towards owning the practice of YOUR dreams!
Secrets To Buying Your Ideal Dental Practice
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Author : David Gandy, D. D. S.
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-04-11
Secrets To Buying Your Ideal Dental Practice written by David Gandy, D. D. S. and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-11 with categories.
Why would you want to buy a dental practice? Because you want to have an established income stream. In this concise guidebook, you'll learn the basic math and business terms, along with how dental practice brokers and consultants think about the process, so you can make the best of your goals and dreams! According to author David Gandy, DDS, MBA, it's not that complicated. Once you see the key metrics, there's a cookbook methodology. The main takeaway will be determining how much money you'll take home if you buy a particular practice. You want to compare your actual take-home pay after buying the practice to your other opportunities, such as becoming an associate. With Secrets to Buying Your Ideal Dental Practice, you'll be able to analyze the data to help make a good decision that's right for you. Topics covered include: Key ideas Essential business terms The average dental practice Dental practice valuation Twelve steps to becoming a practice owner More tips on dental practice analysis By walking you step-by-step through the process, this book provides you with the right questions to ask your broker, attorney, and CPA-and gets you moving toward your vision today!
The 8 Secrets Of Buying The Right Dental Practice
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Author : Fabio Oliveira
language : en
Publisher: Houndstooth Press
Release Date : 2022-04-12
The 8 Secrets Of Buying The Right Dental Practice written by Fabio Oliveira and has been published by Houndstooth Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-12 with categories.
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.
By The Numbers
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Author : Kevin Rossen
language : en
Publisher:
Release Date : 2019-08-26
By The Numbers written by Kevin Rossen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-26 with categories.
Owning and operating a dental practice can be difficult and confusing. However, it doesn't have to be that hard! By The Numbers is a powerful guidebook to running your dental practice using the most powerful statistics available. Using these numbers, you will ensure profitability and success by only focusing on the numbers that make a significant difference in the daily operations of your dental practice. Here's a few of the things you'll find: - A step-by-step guide to purchasing your first or next dental office - Tax tips to save tens of thousands in the purchase agreement - The top 26 numbers that you need to run your entire operation - A few of the higher level numbers that will spur increased income growth- A Special Analytics section from Divergent Dental's CEO Kevin Rossen
Dental Practice Transitions Handbook
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Author : H. M. Smith
language : en
Publisher: Wheatmark, Inc.
Release Date : 2010-12
Dental Practice Transitions Handbook written by H. M. Smith and has been published by Wheatmark, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12 with Business & Economics categories.
Any professional practice transition activity--whether buying, selling, or associating--is one of the most important events that will happen in your professional career. Making a mistake in the process can have long-lasting effects on any or all of the parties to a transition. Dental Practice Transitions Handbook will provide you with the answers to basic questions when considering any transition. It is not intended to replace the experts, brokers, consultants, attorneys, accountants, and financial advisors that should be consulted as you proceed through a transition, but it should give you an understanding of the process, what to expect, and a starting point from which to begin your journey. About the Author H. M. Smith has earned a masters in business administration and is founder of Professional Transitions, a dental practice transitions consulting firm. He has been involved in dentistry for over thirty-five years and is currently the director of Transition Strategies at the Pride Institute. He has lectured at the University of Florida and Nova Southeastern University, and has presented a practice management course on transition strategies to the University of the Pacific, Marquette, and Indiana University dental schools. Mr. Smith is past president of the ADS (American Dental Sales), a member of the Practice Valuation Study Group, and a member of the Institute of Business Appraisers. He has also written numerous articles for Dental Economics on transition subjects and issues. Endorsements "If you now or ever will own, sell, or work in a dental practice this book is a must read. Hy's decades of experience in creating WIN-WIN-WIN (seller-buyer-patients) transactions is yours in a clear, concise, and entertaining account. Wherever you are in your career, the tools to create your ideal future lie within these pages." Gary M. DeWood, DDS, MS, Executive VP, Spear Education "In my long experience of working with dentists at every phase of their professional careers, I have found that finding values-driven WIN-WIN advice in transitions to be difficult and frustrating. At the Pride Institute, we trust Hy Smith's integrity and expertise! Dentists deserve good, fair information and counsel that supports their transition choices. This book delivers." Amy Morgan, CEO, The Pride Institute "No one knows more about buying or selling a professional practice than Hy Smith. My own transaction benefited greatly from his knowledge and thirty years of experience. I can't imagine anyone buying or selling without consulting this book first." Gerardo Santiago, DDS "Buying or selling a practice is full of pitfalls. Trying to do so without the help of a consummate professional like Hy Smith is a folly. My own experience couldn't have been better, thanks to his firm. I would urge any professional to read this book and consult with Hy Smith before taking action." Ron Gillenwaters, DDS
The Simple Guide To Starting A Dental Practice And Getting It Right The First Time
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Author : Manfred Purtzki
language : en
Publisher:
Release Date : 2023
The Simple Guide To Starting A Dental Practice And Getting It Right The First Time written by Manfred Purtzki and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Are you thinking about starting your own dental practice and want to get it right the first time? For the enterprising dentist The Simple Guide to Starting a Dental Practice and Getting it Right the First Time is an invaluable resource. Starting a practice from scratch in today's competitive market can be a scary proposition, but The Simple Guide will walk you through the steps to turn your dream into a reality. With practical advice for every step along the way, to-do lists and templates, this guide can help you ensure that your practice is set up for long-term success. In this book, you'll learn: How to find the ideal location with patients that are perfect for your practice How to build a comprehensive business plan and arrange financing How to design and staff your new practice and more... Preparation is key for a successful practice start-up. The work you do now will lay the foundation of your practice, and with the advice in this guide, you can make sure that foundation is one that will lead to long-term career and financial success. 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.