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Posted 4/17/2018 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 14
7 Types of Dental Practice Transitions
By now, you’ve probably already decided that . But maybe you don’t know or haven’t started exploring all your options yet. Here, we break down the types of dental practice transitions in an effort to help you figure out which is best for you and your business.Buy-outA buy-out is exactly what it...  Read More
Posted 1/10/2018 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 39
The Importance of Buyer Rep Planning – Post Sale
In the summer of 2016, we were engaged by a buyer halfway across the country to assist them in buying a dental practice. The process went well, we provided the typical services during the process that included some aspects of income tax planning like price allocation, entity selection, etc. At that...  Read More
Posted 9/14/2017 by dentalattorney in The Overlooked Basics   |  Comments: 0  |   Views: 66
The Steps Involved in a Practice Transition
The process of a dental practice transition involves several different contracts. Typically, after the practice owner has selected a potential buyer, that buyer will want to obtain financial or operational information about the practice. Before providing a buyer with confidential practice...  Read More
Posted 8/10/2017 by Professional Transition Strategies in Professional Transition Strategies   |  Comments: 0  |   Views: 57
Best Time To Sell A Dental Practice: 5 Questions To Ask Yourself
Best Time To Sell A Dental Practice: 5 Questions To Ask YourselfThinking about selling your practice can be overwhelming. We realize that every situation is unique, and we are here to walk you through it. Professional Transition Strategies can help you navigate through this process because we have...  Read More
Posted 4/20/2017 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 101
Don’t Be So Quick to Turn Your Head on High Overhead
So you’re in the market looking to buy a dental practice, and you’ve seen information from brokers with summary practice information.As you’re looking at the overhead information, you think that some of the OH stats look really low and that must be great, and some look really...  Read More
Posted 3/13/2017 by The Disillusioned Dentist in The Disillusioned Dentist   |  Comments: 0  |   Views: 238
Episode 4 Dentagraphics
Episode 4 Dentagraphics Visit our websiteShow Notes:Kent Miller is President of Dentagraphics. Dentagraphics is a dental demographics company helping dentists to locate their practices and assess market opportunity. They do so by analyzing...  Read More
Posted 1/12/2017 by jessegreen in The Savvy Dentist Podcast- with Dr Jesse Green   |  Comments: 0  |   Views: 140
The Savvy Dentist #33: Insider Tips for Buying and Selling Practices with Simon Palmer
The Savvy Dentist PodcastWhere Great Dentistry Meets Great BusinessCreate a dental practice and a business life you love with Dr Jesse Green as he interviews successful dentists, entrepreneurs, and athletes. Listen in as guests share their stories, ideas and business techniques that you can take...  Read More
Posted 1/5/2017 by DPSDentalcoach in Did You Get Your Hygiene Department Tune-Up?   |  Comments: 0  |   Views: 59
Dental Practice Systems Create Wealth
There are hundreds of dental stories inside the dental jungle.Dr. Frank Frederickson is the Guide taking dentists through the dental jungle and offering sage advice. Dr. Frank Frederickson is the Guide taking dentists through the dental jungle and offering sage advice. Dr. Carly Carlson is a young,...  Read More
Posted 12/8/2016 by BillLossef in Dental Practice Sales MLS   |  Comments: 0  |   Views: 64
Dental Practice Broker MLS
Most Dental Practice Brokers run stand alone companies that do not collaborate with other dental practice brokers. This is how things were in real estate 20 years ago when real estate brokers signed up Sellers to Exclusive Right to Sell contracts and did not work with other Brokers. Today, most...  Read More
Posted 9/16/2016 by OpenADentalOffice in How To Open A Dental Office   |  Comments: 0  |   Views: 316
How to BUY A PRACTICE…facts and figures needed BEFORE you make an offer
How to BUY A PRACTICE…facts and figures needed BEFORE you make an offer The first time you buy a dental practice you probably ask: How do doctors avoid buying the WRONG practice?Here are 3 truths you need to know about...  Read More
Posted 9/14/2016 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 261
Buying a Dental Practice and Wondering if Overhead was Adjusted Properly?
There’s a great thread on dentaltown.com about why buyers should NOT pay for potential and projections. Part of the discussion revolves around normalizing cash flow, particularly the overhead of the practice. This prompted me to write a blog post to help potential buyers evaluate a...  Read More
Posted 12/3/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 374
Why You Need Certain Information for Your Due Diligence – Part I
I decided to write this blog series mainly because of the pushback we get from sellers advisors on some of the information we ask for when representing the buyer. The first item I’ll discuss are W-2s by year along with an employee roster for that year noting positions, average hours worked...  Read More
Posted 11/24/2015 by Sean / HZP Dental Advisors in HZP's Dental Digest   |  Comments: 0  |   Views: 161
4 Crucial Things to Examine Before Purchasing a Dental Practice
Purchasing a dental practice is often a high-stress, high-confusion time, and it’s very easy to lose sight of the fundamentals. The last thing you want is to look back in a year or two and think, “I wish I’d known about that before I bought this place.”Fortunately, as long...  Read More
Posted 10/26/2015 by Dr Bill Adams in Bill Adams, DDS   |  Comments: 0  |   Views: 105
Are You Paying Attention to What You are NOT Doing That Could Significantly Increase Your Practice Value?
Sometimes documenting what you areNOT doing is as important as documenting what you ARE doing when it comes toincreasing the value of your dental practice for potential buyers. In our Practice InformationSummary form, which is used in part to illustrate the value of a dentalpractice, there is the...  Read More
Posted 9/30/2015 by Steve Williams in drTransitions   |  Comments: 0  |   Views: 70
There are few tougher, more durable structures in nature than teeth or seashells. The secret of these materials lies in their unique fine structure: they are composed of different layers in which numerous micro-platelets are joined together, aligned in identical orientation.Although methods exist...  Read More
Posted 8/10/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 352
Part V: What's Most Important To You When Looking To Purchase A Practice
This is part five and the final part of my five part blog on “What’s most important to YOU when looking to purchase a practice? In case you missed part I, there’s a great thread on ) asking this question and it got a lot of great feedback from people with different perspectives....  Read More
Posted 8/4/2015 by Steve Williams in drTransitions   |  Comments: 0  |   Views: 208
Despite the appeal of our small town life in Southeast Idaho, my wife and I felt the tug and pull of the big city. Professional sports, concerts, museums and fine dining were worlds away from our life in Idaho. So, in 2008 we pulled up stakes and relocated to Atlanta Georgia where we, almost upon...  Read More
Posted 7/14/2015 by Paul Edwards in CEDR HR Solutions   |  Comments: 0  |   Views: 225
Strategies for transitioning when buying a new practice - Live From HR Base Camp Podcast #2
Today, Kurt joins Paul again for Live From HR Base Camp, this time to discuss strategies for having a smooth transition when taking over a new practice Transitioning Into A New Practice Click to subscribe to CEDR's Podcast   Read More
Posted 7/8/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 375
Part IV: What's Most Important To You When Looking To Purchase A Practice?
This is part four of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed part I, there’s a great thread on )asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I...  Read More
Posted 6/25/2015 by Keating Dental Arts in Dental Up Podcast   |  Comments: 0  |   Views: 128
Marching Forth with your Practice's Vision |Special Guest: Dr. Lincoln Parker|
Marching Forth with your Practice's Vision |Special Guest: Dr. Lincoln Parker|Dentiststalk "truth" on enhancing your local practice, community integration and Marketing do's and dont's...wrapping it together with the willingness to go the extra mile for what you are most passionate about in...  Read More
Posted 6/18/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 397
Part III: What's Most Important To You When Looking To Purchase A Practice?
This is part three of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed part I, there’s a great thread on ) asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I...  Read More
Posted 5/27/2015 by DentalSense007 in DentalSense   |  Comments: 0  |   Views: 184
Advice for new dentists: A mixed bag of dollars and sense
By R.J. Adolfi, FounderThere are things you learn in dental school, and there are things you learn only after you enter the real world of dentistry. As someone who’s been in and around the dental profession for several decades, I want to share some lessons I’ve learned the hard way, and...  Read More
Posted 5/18/2015 by dentalattorney in The Overlooked Basics   |  Comments: 0  |   Views: 121
Withholding Pay after Termination of Employees
Many dentists do more than practice dentistry: they own, run, and manage a business. Unfortunately, employee termination is often a necessary part of running a successful practice. Many dentists inquire as to whether it is permissible to withhold a former employee's pay when a former employee has...  Read More
Posted 5/15/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 417
Part II: What’s Most Important To You When Looking To Purchase A Practice?
This as part two of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I won’t be telling what SHOULD be...  Read More
Posted 5/5/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 797
What’s Most Important To You When Looking To Purchase A Practice?
My good friend and fellow townie (that’s what we call members of, the forums board) Dr. Tom Bonsack posted a great thread on dentaltown with that question, “What’s most important to YOU when looking to purchase a practice?” It got a lot of great feedback from people with...  Read More
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