Purchasing Your Dental Practice Premises – Startups
Should you purchase the premises of your startup dental practice? Read this blog to get insight into this commonly asked question!
Startups – to retain associateship at your current job, or not? – PART 2
Please read PART 1 of this post first. In this part, we will cover the situation where you as the owner, continue work as an associate, elsewhere and hire a dentist to work in your startup. The primary reason to do this is if you feel your associateship is earning you good money and your…
Full-time or Part-time at Your Startup? – Part 1
The decision to continue working at your current job while your startup builds up can be a difficult one…
Red Flag Reasons for Dental Practice Sale
**Red Flag Reasons for Sale** Whenever you are buying a practice, it is really important to find out the reason for sale and to assess whether this reason actually is plausible. I have refused practice purchases myself and also advised clients to stay away when the reason for sale doesn’t make any sense whatsoever. It…
Competition Analysis for Startups
I take a multi-step process when choosing a location for my startups. I have started 15 practices and approached each in a similar way. One important step of this process is a thorough competition analysis. While many established dentists will tell you that it’s not about the competition, if you work hard and provide an…
Challenges of Practice Ownership – part 2
I’ve stated this in many posts and articles over the years. Learn to delegate. Doing everything yourself is not business ownership – it’s basically just buying yourself a job
Challenges of Practice Ownership
Many people ask my what the difference is between life as an associate and a practice owner. In this series of articles, I’ll delve into the main things you need to be prepared for.
Hierarchy of auxiliary staff and dentists
Hierarchy is very important especially if you want a passive business that runs itself with only little input from you. However more than just having a hierarchy, i
When is the right time for dental practice ownership – part 1
You must be able to take out teeth. Most general practices will have lots of exodontia. Not only is it profitable but it is a requirement to get the majority of toothache patients
Leases for Dental Practices – Marketing Fund
Nowadays, many shopping centers are asking dentists to contribute to a marketing fund for the entire shopping center. Sometimes this is a fixed amount per tenancy,