Professional Transition Strategies
Professional Transition Strategies
PTS wants to help you every step of the way. Whether you're selling, buying, leasing or expanding your dental clinic, PTS is here to provide the information, answers and expertise you need. Check back weekly for our most recent blog posts!
Professional Transition Strategies

Displaying 126-150 of 191
4 5 6 7 8
Page 6 of 8
How to Renegotiate Your Dental Practice Lease, Part 1
How to Renegotiate Your Dental Practice Lease, Part 1    Depending on the remaining time left on the lease of your dental practice, it may be time to renegotiate the terms, which can make financial and practical sense for both the landlord and tenant. The key to a successful renegotiation is to...  Read More
Why Dental Practice Demographics Matter
    Whether looking to  an existing one, assessing the demographics of the surrounding area will only be advantageous. Once you’ve established the type of practice you want, make sure to consider the competitive analysis and demographics to ensure the location will work for your practice. Here are...  Read More
How to Assess Fair Market Value for Your Dental Practice
How to Assess Fair Market Value for Your Dental Practice Assessing fair market value of your dental practice comes in many forms, but the methods that are most appropriate are market and earnings (capital income). Any valuation will ultimately use one of these approaches, but using a combination...  Read More
3 Types of Dental Practice Buy-Ins
Deciding to start the  process isn’t cut and dry. A buy-in allows you to become a partner with an ownership stake in the practice, but from there, the options will depend on your end goals. Here are three types of dental practice buy-ins, broken down by their pros and cons. Single practitioner...  Read More
How To Assess Your Dental Practice Competition
Not assessing your competition is a missed opportunity when establishing your dental practice. While competition can make profitability challenging, being smaller and more innovative positions your practice to be purchased by a larger more conventional practice looking to add products and services,...  Read More
How and Why to Grow Your Dental Practice
You’ve noticed that the revenue of your dental practice is declining or simply staying the same year after year. What do you do to start growing again? Here is some advice to get you headed back in the right direction. Increase marketing Intuitively, there is a direct correlation in practice...  Read More
Transition Timeframes and Factors that Contribute to Them
One of the contributing factors and most commonly asked question when it comes to dental practice transitions is “How long will this take?” As with any business transaction, the answers are not cut-and-dry. Here are some transition timeframes and the factors that contribute to them to help guide...  Read More
WEBINAR: The Secrets of Practice Brokers — How to Buy a Practice
Every so often, Professional Transition Strategies hosts a webinar for buyers to learn more about the  detailed the steps and options when considering buying a dental practice. Here are the key takeaways. Decide where you want to go The most important decision you can make is to choose a location...  Read More
4 Steps for Practice Success
4 Steps for Practice Success Regardless of your  goals, it’s never a bad idea to hire a consultant to take a step back and evaluate your practice. Where do you stand, and where could you afford to go? Start envisioning your dream dental practice now, and follow these four steps along the way....  Read More
How to Start a Dental Practice Roll-Up
When it comes to  when the practice is purchased. Here’s how to start a dental practice roll-up plan. Determine size Dental practices can be combined by a central group taking over all the business processes while the practices have a management service contract back in the case of a . But...  Read More
How to Roadmap an Associate-to-Buy-In Dental Practice Transition
How to Roadmap an Associate-to-Buy-In Dental Practice Transition    The roadmap to any  can take many forms. In the case of an associate-to-buy-in strategy, a potential buyer is courted from a group of associates to buy-in over a period of time to ensure compatibility and allow time to figure out...  Read More
Buy-In versus Buy-Out: Which Is Right for You?
When looking to transition into a dental practice, the  when the senior doctor is looking to hang up his or her proverbial hat. It’s helpful to know how each works upfront, though. Here are the similarities, differences, and overlaps of a buy-in to buy-out. Agreements A buy-in typically refers...  Read More
6 Perks of Buying a Rural Dental Practice
When , it’s easy to be drawn toward big city or metropolitan areas. After all, more people equals more money, right? Not necessarily. One in ten dentists practices outside of a 30-minute radius from a large city, and for good reason. Here are some perks worth considering if you’re in the...  Read More
5 Considerations when Sharing a Dental Office Space
. Here are some considerations to take into account before signing any agreements. Share the load A space may be underutilized if there are multiple unused operatories or the current doctor only works a few days a week, leaving the office closed for many days. Renting out space to another...  Read More
Buying an Existing Dental Practice versus Starting from Scratch
Buying an Existing Dental Practice Versus Starting from Scratch If only the decision to  you want to engage in, the literal million-dollar question is whether to buy an existing practice or start from scratch. Both options have their pros and cons specific to your financial and personal...  Read More
5 Considerations when Entering into a Dental Practice Merger
5 Considerations when Entering into a Dental Practice Merger Many scenarios exist under the  umbrella when joining dental practices. Most notably, are you merging with a practice so that you and the existing dentist partner together? Or are you merging with an established practice where the...  Read More
How to Manage Your Dental Student Loans ?
How to Manage Your Dental Student Loans   While dentistry will most certainly be a lucrative career in the long run if you play your cards right, the harsh reality is that the average dental school debt is approximately $260K. Add to that an average of $220K in lost earnings plus interest, and a...  Read More
How Divorce Can Affect Your Dental Practice
How Divorce Can Affect Your Dental Practice The original version of this post appears on the  Divorce can truly be a life-changing event, even when it comes to owning a dental practice. While no one plans on ending a marriage, it’s important to take precautions upfront in order to ensure your...  Read More
How to Manage Multiple Locations
The original version of this post appears on the You’ve been bitten by the entrepreneurship bug and have started to wonder if purchasing additional dental practices is your next move. But first, you’ll need to understand what’s involved in owning multiple locations. Here’s how to get your gears...  Read More
How to Work Smarter, Not Harder at Your Dental Practice
How to Work Smarter, Not Harder at Your Dental Practice The original version of this post appears on the   Whether you’ve recently , everyone’s goal should be to work smarter, not harder to avoid potential burnout. Here’s how to make sure you’re getting the most out of the hours in your week,...  Read More
What To Do When Your Dental Practice Is Too Busy
  The original version of this post appears on the   Is your number of active patients—those who have visited the office in the last 18 months—more than 2,500 when 1,500 active patients is considered full capacity? Are you booked 80 percent of the time with a six-month advance? Then it may be...  Read More
Dental Practice Transitions, By The Numbers
You’ve kept up with the . Now it’s time to learn even more about the process by way of a cheat sheet broken down by the numbers. 1,500 Number of active patients considered full capacity for a single dentist. Any more, and it may be time to consider taking on an . 680  Credit score that is favorable...  Read More
Associateship versus Partnership: Which Is Right For You?
Bringing on an  to your dental practice should be done when the patient demand warrants it. But which is right for your dental practice? Here’s how to figure that out. Know your numbers The number of active patients who visit the practice at least every 18 months is a clear indicator that it’s time...  Read More
How to Increase Production of Your Dental Practice
Whether you’re looking to sell your dental practice or just purchased one, increasing your production should be top of mind. Here are five ways to increase production of your dental practice both before or after a transition. Scope of services One of the most efficient and profitable ways to grow...  Read More
How to Get a Better Deal on Your Business Loan
There’s room for negotiation in every step of the dental-practice-buying process, including when shopping for a business loan. A low interest rate, low fees, favorable payment schedule, and flexible or no-collateral security will all significantly enhance the benefits of your business loan....  Read More
Displaying 126-150 of 191
4 5 6 7 8
Page 6 of 8
Total Blog Activity
997
Total Bloggers
13,451
Total Blog Posts
4,671
Total Podcasts
1,788
Total Videos
Sponsors
Townie Perks
Sally Gross, Member Services Specialist
Phone: +1-480-445-9710
Email: sally@farranmedia.com
©2024 Dentaltown, a division of Farran Media • All Rights Reserved
9633 S. 48th Street Suite 200 • Phoenix, AZ 85044 • Phone:+1-480-598-0001 • Fax:+1-480-598-3450