Question: I’m buying a dental practice with a good team in place, but I can barely afford their salaries. The prior owner gave the team a dollar an hour raises every year like clockwork. How do I retain them while finding a more affordable solution?
This question was recently asked to PMA’s transition expert, Matt Scherer, in a Dental Economics article. In his response, Matt talks about understanding your new dental practice’s cash flow and the importance of keeping the goodwill.
Check out the full article to dig deeper into Matt’s advice along with the advice from two other dental transition experts.
You can also reach out to our dental transition experts to discuss additional ways to help the development of your dental practice.