November 8, 2018
buying a second dental office

Should You Buy A Second Dental Practice? 4 Steps to Take Before You Do

You’re a dentist who owns and manages a successful practice. Your business is profitable, AND it provides you with a suitable and sustainable income. It’s thriving. But perhaps, you’re too busy. Your schedule is so full that you’re considering opening up another dental practice to handle your primary practice’s overflow. Or, you’ve developed an acumen for business over the years and want to invest in an additional dental practice. As you’re analyzing your options, there are certain steps you can take to determine whether or not you’re making a good decision. 
October 27, 2018
thoughts on buying a dentist office

So You Want to Buy a Dental Office? Learn How to Start the Process

There comes a time in the career of a young dentist when it’s time to get your own practice. It’s an exciting time, but it’s also a terrifying one. Eight years of college have made you an expert in caring for teeth, but they haven’t made you an expert in property negotiations, tax accounting, human resources, marketing, inventory control, and all the other indispensable skills of business management.
July 12, 2018
bank won't lend you money for a dental practice

Thinking of Buying a Dental Practice? Why the Bank Won’t Loan You The Money

Many entrepreneurs need funding to start a business or grow their business and these folks often turn to banks for financing. Many times, however, the bank will reject your application. Yes, completing a loan application for your company is just one step in the process of acquiring money for a dental practice. However, actually securing the financing may take more work than you realize.
December 13, 2017
Buying a Dental Practice

5 Mistakes to Avoid If You Buy a Dental Practice

In order to buy a new dental practice and learn to run it successfully, you’ll have to digest a lot of information in very little time. Along the way, you’re bound to make mistakes, but with guidance, you can avoid the most damaging.
June 8, 2017
Business Mistakes Doctors Make

Small Business Tips for the Self-Employed in the Medical Field

In this article, I’m talking specifically to the dentists, the chiropractors, the veterinarians, the optometrists… all you doctors who own your own business. I’m going to call you the entrepreneurial doctor. You are smart; you have visions and aspirations to grow a grandiose practice. BUT, you’re not very good at the business side for the most part… Sorry, just the fact.
May 5, 2017
Business Mistakes Doctors Make

9 Business Mistakes Doctors Make in Their Practice

One niche of small businesses that I often advise is an “entrepreneurial doctor”. Those are the doctors that work outside of a hospital and aren’t W2 employees. They own their practice and can be dentists, veterinarians, optometrist, etc. Before coming to us there are a variety of business mistakes doctors often make when it comes to the business side of their vocation. These guys are brilliant doctors with varying designations, however, most don’t earn MBA’s on top of that. Business is often not an easy model for these educated folks to understand. In my consulting with them I have seen many, but here are the top nine business mistakes doctors make in their business models.