Is your dental practice ready for your retirement? Even if you are just starting to consider this option – it is wise to start your succession planning now. All dental practice owners will eventually be faced with succession planning. It makes good sense to develop a...
Why You Need To Know The Value Of Your Business While no two businesses are exactly alike, one of the most common traits that all business owners possess is passion. Not only has this passion allowed you to be able to provide for yourself and your family, in many...
Dental Practice Advisory & Transitions Firm Donates $4,000 To Charity PMA Practice Transitions, a regional practice advisory and transitions firm, announces that it has donated more than $4,000 to 15 local organizations since the inception of its “giveback”...
It seems as though every few weeks you hear about another cyber threat – scams, viruses, security breaches, Ransomware – take your pick. These menaces take quite a financial toll on companies worldwide. Unfortunately, no is immune to these cyber threats – not even...
As a dentist, do you sometimes find yourself with extra time or referring a decent amount of work to specialists such as periodontists or endodontists? While that is great for building professional relationships, that is money you may be able to keep in your own...
The end of the year will be here before you know it. This is the perfect time to reflect on what kind of year it was for you and your dental practice. Here are a few questions you should be asking yourself to determine the success of your dental practice. How did you...
So you are ready to take the big leap and purchase a dental practice. Congratulations! You even have a practice in mind. But now what? Ask yourself the following questions to help determine your next steps. Your answers will greatly impact your future as you get ready...
Guest Author: Nick Partridge, Five Lakes Professional Services Practice transitions are exciting. Once the right opportunity is identified, buyers anxiously work through a significant checklist of items. From finding financing and negotiating a purchase price to chart...
Be sure to start planning at least 3-5 years in advance It’s always difficult to plan for retirement, especially for dentists who own their own practices because there are so many factors to take into consideration. Is your practice in a position to be sold? Are you...