Category - Dental Biz

• Dental Practice Cash Flow - Just What Are They Talking About?

  

  Understand the fundamentals of cash flow in dental practices with our insightful overview. Learn how to distinguish between essential and non-essential income and expenses for accurate financial analysis. Discover the impact of cash flow on practice efficiency, profitability, and long-term success, highlighting the importance of management in optimizing both revenue and expenditure.

  Posted Jul 08, 10:46 AM · Author Brian James DDS

• Selling Your Practice? Don't Go It Alone!

  

  Explore your options for selling your dental practice with expert guidance. Whether you’re in Iowa or any other state, our comprehensive service connects you with reputable brokers through Integrity Practice Sales. Learn about our process, which has a track record of success, ensuring you receive top value for your life’s work while preserving your legacy. Our approach is pressure-free, prioritizing your comfort and confidentiality throughout the sale process. If you’re considering selling your practice, don’t hesitate to get a free practice valuation or reach out for personalized assistance. Secure your future and ensure your practice transitions smoothly to a worthy successor.

  Posted Jun 17, 07:41 PM · Author Brian James DDS

• DSO's - The Myths

  

  Unpack the realities of working within Dental Support Organizations (DSOs) in our comprehensive analysis. While DSOs present an appealing, low-responsibility entry into dentistry for new graduates, the piece reveals the challenges of limited clinical autonomy, intense production pressures, and the potential for disillusionment. Explore the experiences of dentists within these systems, the economic dynamics of DSOs, and the compelling reasons why many eventually seek independent practice ownership to fulfill their professional dreams.

  Posted Jun 15, 04:56 PM · Author Brian James DDS

• Build or Lease Start Up vs. Purchase

  

  Explore the critical decisions of building versus leasing space for a dental practice, tailored for new and established practitioners. This post delves into the advantages and challenges of starting from scratch, securing financing, and the strategic considerations of location and marketing. Learn from an experienced dentist who has navigated these choices successfully, offering invaluable insights on maximizing investment in dental practice infrastructure.

  Posted Jun 15, 04:37 PM · Author Brian James DDS

• Now What?

  

  Embark on your dental career with a clear understanding of your financial and professional options. Learn about the economic realities of becoming an associate dentist, with insights into potential earnings, challenges, and the limitations of working under someone else’s practice. Additionally, explore the empowering alternative of owning your practice, controlling your destiny, and maximizing your financial and professional rewards. This post outlines the crucial steps to success, from managing student loan debt to the benefits of practice ownership.

  Posted Jun 15, 03:47 PM · Author Brian James DDS

• A $579 Investment in Yourself

  

  Explore this empowering post designed for dentists seeking to enhance their practice and career trajectory. Dive into the insights and experience of a seasoned dentist who has navigated the complexities of building a successful practice. Learn from three concise, one-hour PowerPoint presentations that distill essential strategies into actionable advice. These presentations cover topics from effective practice management to creating a profit center in your hygiene department, all tailored to improve your practice’s profitability and your professional satisfaction. Avoid costly trial and error by leveraging this resource, offered at a fraction of the cost of traditional consulting services. Join a community dedicated to sharing knowledge and elevating the field of dentistry.

  Posted Jun 12, 01:41 PM · Author Brian James DDS

• Valuing a Dental Practice

  

  Learn how the Income Approach focuses on cash flow as a key indicator of a practice’s worth, considering factors like dentist’s direct production and profit from other staff. Understand the Market Approach, which assesses what similar practices are selling for in the market. This resource also delves into crucial factors affecting practice value such as PPO participation, procedure mix, hygiene revenue, and more. Ideal for dentists and potential buyers, this post draws from the wisdom of Dr. Earl M. Douglas, a pioneer in dental practice valuation.

  Posted May 30, 09:34 AM · Author Brian James DDS

• Associate Dentist - Do I Really Need One?

  

  Dive into the critical decision of when to bring another dentist into your practice with our comprehensive analysis. Understand the significant financial benchmarks, including a minimum gross production of $1.75 million, required before considering expansion. This post explores the daily operations of a high-producing dental practice, the potential impacts on staffing, and the financial implications of various practice models. Gain insights into the challenges and realities of associateships and partnerships, offering practical advice to ensure successful practice management and growth.

  Posted May 30, 09:28 AM · Author Brian James DDS

• Retirement - A BITE of Wisdom

  

  Navigate the complexities of retirement planning as a dentist with our insightful post. Learn about the financial and health considerations crucial for a fulfilling retirement, including the importance of savings, debt management, and work-life balance. Understand the potential impact of your practice sale on your retirement funds and explore strategic options for managing your assets. This resource offers practical advice for dentists approaching retirement, emphasizing the importance of early planning and the joy of enjoying your retirement years to the fullest.

  Posted May 30, 09:16 AM · Author Brian James DDS