Are you a recent dental school graduate? Do you have plans to take over an existing dental practice – one with an established client base, ideal location and new equipment? Taking over an existing practice allows you to start your career, in your own right, while utilizing the perks of an established practice. However, taking…
Published by Matthew Scherer on September 22, 2021 You’re probably familiar with the term Ransomware and the financial toll it’s been taking on companies worldwide. One lesson that we continue to learn time and time again is that nobody is immune to this cyber threat – not even your dental practice. Instances of cybercrime have reached an all-time high and ensuring that your…
Published by Matthew Scherer on August 13, 2021 Anyone who pours their heart and soul into a business over an entire career, building lifelong relationships with those they serve, mastering a skill that can change peoples’ lives, has a hard time facing the thought of ending it for good. The notion of losing a “second family” or “my baby” in any context can…
Published by Matthew Scherer on June 29, 2021 Dental Practice Advisory & Transitions Firm Donates Over $4,000 To Charity In 2020 February 16, 2020 | Cleveland, OH — PMA Practice Transitions, a regional practice advisory and transitions firm, announces that it has donated more than $4,000 to 9 local organizations in 2020 for a total of $10,550 since the inception of its “giveback”…
Published by Matthew Scherer on February 16, 2021 What to consider when selecting a financing option Whether you are a first-time dental practice owner or someone looking to expand, relocate or add an additional location; the options for financing today have never been this extensive. Understanding the different types of financing options available When it comes to the types of financing available for…
Published by Matthew Scherer on February 12, 2021 What are the considerations to think about when hiring a dental associate? In this day and age, more dental practice owners are thinking about hiring an associate to join their practice as they transition out of ownership. An associate may help the dental practice increase the revenues and allow the senior dentist to take more…
Published by Matthew Scherer on January 14, 2021 Best practices for formatting financial statements Did you know that there’s no “right way” to format or present your practice’s financial statement? It’s true, there are several approaches that dentists can take when crafting a financial statement. What’s most important is that the statement is meaningful to you and is easy to understand and analyze….
Published by Matthew Scherer on November 23, 2020 Why You Need More Than A Dental Broker If you are thinking about selling your dental practice your first phone call might be to a dental broker to start the initial discussions about the selling process. But before you pick up that phone let’s discuss the difference between a dental broker and a dental transition…
Published by Matthew Scherer on October 15, 2020 We’ve all dreamed about what we would grow up to be someday. For some of you, it may have been a professional baseball player. Others may have dreamed of becoming the President of the United States. And then there are those of you who may have only dreamed of one day becoming a dentist. Whatever…
Published by Matthew Scherer on July 17, 2020 The journey of selling your dental practice is not an easy one and it can be emotional. Are you truly ready to sell your dental practice? Are you ready for any road bumps that might happen during the process of selling your dental practice? The process can be overwhelming, but a dental transition expert can…
Published by Matthew Scherer on June 18, 2020