Post 1: Pre-construction Hi, welcome to our first of several blog posts detailing the construction of our brand new purpose built dental facility. It has been a long journey getting here but we’re about to start construction. Thank-you to Optima Healthcare Group who won the tender and will be constructing the building and fit…
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**The Hidden Dangers When Buying a Practice** A MUST READ FOR ANYONE CONSIDERING PRACTICE PURCHASE I posted about this topic several years ago but it has become more pertinent in recent times. So you’ve been looking at buying a practice? Check out a few? Seems like quite a few other dentists are also interested and…
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Parking considerations are often overlooked both when purchasing a practice as well as when starting a practice. For CBD practices parking is less important as patients typically walk to the practice and visit either before or after work or in their lunch breaks. However, the importance of parking for suburban practices is not to be…
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**Purchasing the Premises of your Practice** Part 2: Established Practice In part 1 we spoke about purchasing the premises for a start-up. In part 2 I will concentrate on purchasing the premises for an established practice. For an established practice, I most often than not advocate for buying the building as well if it is…
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Should you purchase the premises of your startup dental practice? Read this blog to get insight into this commonly asked question!
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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…
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The decision to continue working at your current job while your startup builds up can be a difficult one…
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**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…
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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…
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