Practice Solutions

What You Need to Know About Buying a Dental Practice Key takeaways:  Buying a dental practice allows the owner to get started right away with the security of historical finances. New owners may face difficulty in adjusting policies and dynamics in an existing practice. New owners may need to update dated offices and equipment. After …

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What You Need to Know About Starting a Dental Practice  Key takeaways:  Starting a dental practice from scratch allows full decision making in all aspects of the business. Dentists starting a new practice may face a high risk of failure, unplanned expenses and increased competition. Having professional support and a clear plan can help your …

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Starting a Dental Practice vs. Buying an Existing Practice Key takeaways:  Buying an existing dental practice: Advantages include being able to work immediately, avoid patient acquisition, have knowledge of historical financials, and receive mentorship. Disadvantages are a potential need for updates, inherited practice culture and reputation, and previous management adjustments, Starting a dental practice: Advantages …

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Key takeaways:  Start the process with a team of experts to assist you. Once the purchase is finalized, don’t wait to create a legal business entity, obtain insurance and other essential business tasks. Remember the end goal: serving patients. If you are considering dental practice ownership, you have likely thought about whether buying a dental …

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