See bio below as Joe discusses the challenges that a dentist needs to address when they own their first dental practice: Don't do too much...hire competent professionals to help you. Don't be too "hands-off" with the practice. Don't listen to your peers too much....
Mr. Kam McQuay is the Director of Blue & Co., LLC’s Physician and Dentist Specialty Service Group. Mr. McQuay has more than 19 years experience in consulting in the healthcare arena. For the past 17 years, he has worked exclusively with physicians, dentists and...
Robert C. Lee is the founder of R. Lee & Associates, P.C. Rob is a graduate of Indiana University (B.A. with distinction) earning Phi Beta Kappa honors and Vanderbilt University School of Law. Rob has dedicated his legal practice to providing business law, estate...
DDSmatch.com Academy is a way to educate both parties of a dental transition. We will be providing tons of updated content to help you understand more whether you are buying or selling a dentist practice. We strive to provide you the most up to date information from...
Dental Economics conducted the 2010 Annual Dental Practice Survey, an in-depth analysis of how dental practices have fared over the past 12 months. This year's survey represents an overwhelming response from our readers. This year's results are especially promising...
Polish Up Your Office. Before considering selling your practice...Increase the "curb appeal" by polishing up your physical office space. In the back office, make sure your equipment is in good working order and items are stored in an organized fashion. Assess the...
It’s time to establish your transition style. You have many choices: a turn-key is when the doctor leaves the day after the sale; a short-term transition is lessthan 6 months and long-term is more. Or do you need to be an associate first? Buy-in over 5 years? Consider...
Are your fees comparable to others in the area? When was the last time you raised your fees? Investigate, analyze and act. If your fees are below average, consider raising them now. It will increase your practice income now, while making your practice more attractive...
Now is the time to expand your knowledge. Take Continuing Education in specialities in which you need improvement. For instance, most practices for sale or will sell soon currently aren’t doing endo or oral surgery. This could be a goldmine for a new owner to treat...
Make sure you have copies of your current and past employment contracts, and take a close look at the noncompete clauses they may contain. Understand those details as they could determine where you can and can’t practice dentistry for a specified amount of time. Also,...
