How To Buy A Dental Practice

Author : Manfred Purtzki
Publisher : Unknown
Page : 106 pages
File Size : 53,6 Mb
Release : 2021-09-21
Category : Electronic
ISBN : 1777828708

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The Simple Guide to Selling Your Dental Practice for More Money by Manfred Purtzki Pdf

Do you want to sell your dental practice for more money than you ever thought possible? If you thought, "yes, of course," then The Simple Guide to Selling Your Practice for More Money is for you. Your dental practice transition can unlock the potential of one of your greatest assets, and can mean the difference between an okay retirement, and one that is everything you ever dreamed of. The Simple Guide is packed full of practical advice, money-making tips to boost revenue, and enough horror stories to make you sit up and pay attention. With tips for every stage of your career, this guide is an invaluable resource-because the most successful transition starts long before you put a price on your practice. In this book, you'll learn: How to maximize selling price by maximizing revenue How to choose the right transition model How to negotiate the best sale price and most favorable terms and more... It's never too late to use the advice in this guide to plan the sale of your dental practice, and it's never too early, either. You've worked hard for the practice you've built, now's the time to make sure it works for you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.

Author : Brian Hanks,Heather Foutz
Publisher : Createspace Independent Publishing Platform
Page : 128 pages
File Size : 47,9 Mb
Release : 2018-06-26
Category : Electronic
ISBN : 1721901663

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How to Buy a Dental Practice: Volume 2 by Brian Hanks,Heather Foutz Pdf

This book walks new and potential practice owners through the most important things to do (and what can wait!) to be successful running a newly purchased practice. In this book you'll find answers to questions like: When can I make changes in the office? How much do I pay myself and when? How do I market so I don't lose patients? How can I transition the dentistry in an office with established routines? How do I get the most out of my team and be a good boss? How do I know if buying a practice was a good financial move?

Author : Brian D. Hanks
Publisher : Createspace Independent Publishing Platform
Page : 128 pages
File Size : 44,9 Mb
Release : 2017-02-23
Category : Electronic
ISBN : 1544112114

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How to Buy a Dental Practice by Brian D. Hanks Pdf

If you're thinking about buying a dental practice, you must read this book. Thousands of dentists go through the process of buying a dental practice every year. Did they choose a good practice? Did they buy at the right price? Did they buy at the right time? The stakes are high to get the RIGHT answers to those questions. Buy the wrong practice and you're looking at stress, money worries, angry staff and patients, and a frustrated family that doesn't see you as much as they'd like. Buy the right practice, like many do, and you have the foundation upon which to thrive - happy, relaxed, wealthy and positively impacting the lives of patients and living the life of your dreams. Unfortunately, the process of how to buy a dental practice remains a black box for the majority of buyers. Advice, tips and information are spread across magazines, blogs, online forums and podcasts with no easy way to tell the good advice from the bad. Until now. How to Buy a Dental Practice walks buyers step-by-step through the process of finding, analyzing, and purchasing a great dental practice. In this book you'll find answers to questions like: - How do I find a good practice? - How do I choose a good accountant and attorney? - How can I tell a good practice from a bad one? - When is the right time to sign a letter of intent? - What can I negotiate besides price? - How do I get a bank loan? - What do I do after I find a practice to buy? After reading this book, you will be armed with the specific knowledge and checklists to find, analyze and purchase the right practice for you.

Author : Timothy A. Brown,Sarah K. Lynch
Publisher : Profitable Practice
Page : 202 pages
File Size : 52,9 Mb
Release : 2011
Category : Medical
ISBN : 9781770410268

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Profitable Practice by Timothy A. Brown,Sarah K. Lynch Pdf

Author : Geraldine S Irlbacher,Guy S. Girtel
Publisher : Jones & Bartlett Learning
Page : 460 pages
File Size : 42,7 Mb
Release : 2020-03-18
Category : Medical
ISBN : 9781284375367

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Dental Office Administration by Geraldine S Irlbacher,Guy S. Girtel Pdf

Dental Office Administration is a comprehensive resource that details the responsibilities of the dental office professional, providing practical communication techniques and tips for problem solving. It also provides the necessary clinical background information every dental office professional needs for a successful practice. Hands-on activities within the text require students to practice common tasks, such as dental charting, writing a memo, or conducting a mock telephone call with another student. A free bonus DVD-ROM for Windows includes practice management software called 'DENTRIXG4 practice management' to give students 'real world' experience managing patient data and filing electronic claims. A companion Website includes the full text and a quiz bank.

Author : Manfred Purtzki
Publisher : Unknown
Page : 114 pages
File Size : 46,8 Mb
Release : 2022-04-18
Category : Electronic
ISBN : 1777828724

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The Simple Guide to Buying a Dental Practice & Getting a Great Deal by Manfred Purtzki Pdf

Have you been thinking about buying your own dental practice, but are worried about getting a great deal? For the entrepreneurial dentists who are planning this career move, The Simple Guide to Buying a Dental Practice & Getting a Great Deal is here to guide you to success. Purchasing your own dental practice will have a profound impact on your career, so you need to do the thinking and planning necessary to make sure it is a positive impact. This guide will walk you through the steps, from first daydreaming about being the owner of your own practice, to finalizing the purchase and walking into the next phase of your career. In The Simple Guide, you'll learn: What is a realistic goal to set for your practice purchase How to find purchase opportunities How to negotiate the best sale price and most favorable terms and more... If done right, the move to practice ownership can set you up for career and financial success, so the steps in this book are designed to make sure of that. Don't set off on this path alone-take a guide with you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.

Author : Fred Joyal
Publisher : Futuredontics Incorporated
Page : 266 pages
File Size : 41,9 Mb
Release : 2009
Category : Dental care
ISBN : 0615276814

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Everything is Marketing by Fred Joyal Pdf

Author : David G. Dunning,Brian M. Lange
Publisher : John Wiley & Sons
Page : 515 pages
File Size : 41,9 Mb
Release : 2013-05-13
Category : Medical
ISBN : 9781118704561

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Dental Practice Transition by David G. Dunning,Brian M. Lange Pdf

Practice management is one of the key elements in the career of a dentist. Most dentists own their own practices and even associateships carry with them the prospect of management, accounting and dealing with health insurance providers. Dental Practice Transition: A Practical Guide to Management helps readers navigate through options such as starting a practice, associateships, and buying an existing practice with helpful information on business systems, marketing, staffing, and money management. With topics applicable to both recently graduated as well as established professionals, Dental Practice Transition is a comprehensive exposition of practice management from a dentist's perspective.

Author : James L. Harrison,David O. Willis,Charles K. Thieman
Publisher : John Wiley & Sons
Page : 486 pages
File Size : 54,8 Mb
Release : 2023-10-31
Category : Medical
ISBN : 9781119892854

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Business Basics for Dentists by James L. Harrison,David O. Willis,Charles K. Thieman Pdf

Concise yet comprehensive overview of business management principles tailored for dental practices, with strategies to apply the core concepts to achieve success Rather than presenting a rote checklist of steps for success, Business Basics for Dentists, Second Edition describes business, economic, marketing, and management principles and explains how to apply them to dental practice. Now fully updated throughout, this book provides the essential elements of a business course—management principles, economics, business finance, and financial analysis—without getting bogged down in too much detail. Dental students and new practitioners will learn how to use the core strategic and operational business philosophies to develop an effective dental practice. The business management principles are related to various aspects of running and managing a dental practice, including office communications, billing, inventory, and marketing. All aspects of practice transition are approached, including career opportunities, buying a practice, starting a new practice, multi-practitioner arrangements, practice valuation, and planning and developing a practice. The book also covers personal financial planning to ensure that the dentist is also planning for their finances and retirement beyond the bounds of the practice. Business Basics for Dentists, Second Edition covers: Personal money management and insurance needs, reducing the personal tax burden, estate planning, and securing financing Business entities, basic economics, the legal environment of the dental practice, financial statements, and business taxes and tax planning Management principles, planning the dental practice, financial analysis, and control in the dental office, maintaining production and collections, and gaining case acceptance Generating patients for the practice, controlling costs, promoting staff effectiveness, and maintaining daily operations Focusing on the transition period from a dental student, through corporate employee, to ownership, Business Basics for Dentists is a valuable tool for dental students and professionals seeking to further their career path through actionable advice from experts in the field.

Author : Dr Paul Etchison
Publisher : Dental Practice Hero
Page : 264 pages
File Size : 53,5 Mb
Release : 2017-12-30
Category : Electronic
ISBN : 099978630X

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Dental Practice Hero by Dr Paul Etchison Pdf

Dr. Etchison is not your average dentist. A visionary leader, he combines marketing and business knowledge, clinical excellence, and leadership to create a thriving growing practice. And he wants to share this special knowledge with you. It's time to set off on a quest to implement systems that take your practice to the next level inspire your team to greatness and help you become the visionary leader who can transform your practice and your life. In Dental Practice Hero, the reader will learn the systems Dr. Etchison used: -to grow his startup to 1M in collections the first year, and continue to grow 30-40% each year after to almost 3M in just 5 years and still growing! And all out of 5 ops! -to destress the day to day of running his practice, so that he could only do 3 days/week of clinical. -to become the leader that influences practice culture so positively, that practice growth becomes organic. Reviews: "Paul's book has all the elements necessary to assess your practice as well as your life and make it exceptional. Most books written for dentists, are designed to provide some cheerleading, give you a few helpful nuggets to improve you practice, and then motivate you to sign up with their consulting services. This book, however, breaks down piece-by-piece every component of a highly functioning practice and provides the tools and insight to take your practice the highest level possible. You get ALL the nuggets needed to redesign your practice and in-effect create the life you desire. Thank you Paul for providing this book at a critical time when many dentists are scrambling to find the answers to an ever-changing field." - Dr. Lance Pietropola "Dr. Paul's Book "Dental Practice Hero" is an easy to digest, real world entertaining look at the way all of us private practitioners should be practicing. He provides humor insight and a lot of great and easy to understand examples of what he is trying to get across to the reader. He organizes the book into subcategories that make it simple to tackle the issues we face in our dental offices one problem at a time. What I really enjoyed was how he uses a different perspective on how to view things we see as road blocks and turns them into manageable "bumps in the road." A great read. Definitely recommend. Picked up a lot of great information that I should have implemented when I started working in private practice years ago." - Dr. David Sanders "Dental Hero, is a must read for any entrepreneur. A truly inspiring and enjoyable piece of literature. Dr Etchison's philosophies are now at the core of how we practice/manage our business." - Dr. Sunil Kurup "Great Guide for modern methods combined with compassionate dentistry. Comprehensive methods to differentiate your dental practice and increase you income! I have implemented the methods in the book and it has helped my office grow past 1.5M in a 1 doc practice with room to grow." - Dr. Joe Lee

Author : Adam Heim
Publisher : Unknown
Page : 165 pages
File Size : 55,6 Mb
Release : 2018-05-02
Category : Electronic
ISBN : 1981039759

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First Time Dentist by Adam Heim Pdf

Owning a dental practice can be one of the most professionally satisfying and lucrative investments of your life. However, buying a dental practice can be a daunting endeavor. Successfully closing on a practice requires you to have knowledge of many different facets of business - accounting, legal, operations, human resources, and much more. Most dentists will quickly find a maze of sometimes biased information from an industry which does not have their individual interests at heart. Practice purchases are further complicated by the incentive structure of brokers - which requires a buyer to pay to hire their own representation.The author (Adam Heim) was presented with this exact scenario when he helped his wife purchase her dental practice in 2014. After the experience concluded, the author felt compelled to do something about it, and created Firsttimedentist.com, a hub of information related solely to helping dentist find, buy and manage their dental practices.In the "First Time Dentist" book, you will take a guided tour on the steps necessary towards buying a dental practice. Concepts include: Lifestyle Design/Vision Setting, Building Your Transition Team, Finding and Assessing a Practice, Financial and Performance Analysis, Negotiating, and Closing on the practice (of your dreams!), my Mistakes, Cost of Purchasing, and much more!The mission of First Time Dentist is to "Inspire Practice Ownership, Through Action." So please consider purchasing the "First Time Dentist" book and take the first action step towards owning the practice of YOUR dreams!

Author : Nate Williams
Publisher : Bookbaby
Page : 176 pages
File Size : 48,7 Mb
Release : 2020-08-22
Category : Electronic
ISBN : 1098313461

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Dentist to Dealmaker by Nate Williams Pdf

I have worked as a dental Certified Public Accountant (CPA) and financial advisor since 2007. And for the past 12 years, working almost exclusively with owners of dental practices, I've invested far more than Malcolm Gladwell's required 10,000 hours into this profession (see "Outliers,"Malcolm Gladwell). More importantly, as a CPA, I see the world differently than the average person. For example, when you notice the cars other people drive, the houses they live in, the vacations they take, or the number of practices they own, you probably create an assumption of how well someone is doing financially. When I look at these things, I immediately think about the complexities of their tax returns and personal financial statements - and because I may actually be the one to prepare those tax returns, I'll know how well they're doing. Recently, a friend commented to me after returning from a trip to Orange County, CA, "Everyone down there has so much money; I saw so many Porsches and BMWs and Mercedes..." Like the rest of us, this friend has been conditioned to believe that if someone spends a lot of money, they must have a lot of money. This assumption, as I've learned from my insider position as a CPA, is flawed. The assumption that high spending equals "doing well financially" is like assuming that the guy who orders the Triple Bacon Cheeseburger must have a six pack! As a CPA and financial advisor, I have learned that the doctors who are doing well financially are those who have money in the bank, have financial peace of mind, and ultimately own assets that generate enough passive income to replace the income they earn by working in their practice. Over the last decade, I've studied success and failure alike. I've looked for and found patterns and behaviors and personalities and practices that lead to wealth; and I've found the same that lead to the prolonged indentured servitude so many doctors unfortunately experience. With a seasoned history of working with dental practice owners (or aspiring ones) like you, I've written this book in hopes it will provide you with everything you need to know about how to buy a dental practice that will carry you into what we call Financial Independence: the moment when you're free of debt and have enough passive income to pay for your current and future lifestyle.

Author : Fred Joyal
Publisher : Unknown
Page : 266 pages
File Size : 55,9 Mb
Release : 2009
Category : Dental care
ISBN : OCLC:1288384532

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Everything is Marketing by Fred Joyal Pdf

Author : Fabio Oliveira
Publisher : Houndstooth Press
Page : 124 pages
File Size : 40,5 Mb
Release : 2022-04-12
Category : Electronic
ISBN : 1544523165

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The 8 Secrets of Buying the Right Dental Practice by Fabio Oliveira Pdf

FOR OVER TEN YEARS, I've been obsessed with helping private dentists chase their entrepreneurial spirit to become successful practice owners. All over the country, I've had the pleasure of working with very successful doctors who buy highly successful dental practices. There's nothing more rewarding for a doctor than practicing on your own terms with full clinical autonomy. The best part for me is seeing my clients experience a pride of ownership that very few people get to experience in life. Every week, I speak to at least ten new dentists looking to buy a practice. And the most common question I get is this: "How do I know what a great practice to buy looks like?" The thing is, that's the kind of question that takes years of experience to answer. Unless you really know the ins and outs of evaluating a dental practice acquisition, you're bound to miss the key indicators of the right practice-or worse, buy the wrong one. That's why, in this book, I'm going to show you the eight characteristics, or "secrets," of a great practice to buy-all backed by evidence and hard data-so you'll know exactly what to look for when you're ready to buy.

Author : H. M. Smith
Publisher : Wheatmark, Inc.
Page : 189 pages
File Size : 43,5 Mb
Release : 2010-12
Category : Business & Economics
ISBN : 9781604945263

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Dental Practice Transitions Handbook by H. M. Smith Pdf

Any professional practice transition activity--whether buying, selling, or associating--is one of the most important events that will happen in your professional career. Making a mistake in the process can have long-lasting effects on any or all of the parties to a transition. Dental Practice Transitions Handbook will provide you with the answers to basic questions when considering any transition. It is not intended to replace the experts, brokers, consultants, attorneys, accountants, and financial advisors that should be consulted as you proceed through a transition, but it should give you an understanding of the process, what to expect, and a starting point from which to begin your journey. About the Author H. M. Smith has earned a masters in business administration and is founder of Professional Transitions, a dental practice transitions consulting firm. He has been involved in dentistry for over thirty-five years and is currently the director of Transition Strategies at the Pride Institute. He has lectured at the University of Florida and Nova Southeastern University, and has presented a practice management course on transition strategies to the University of the Pacific, Marquette, and Indiana University dental schools. Mr. Smith is past president of the ADS (American Dental Sales), a member of the Practice Valuation Study Group, and a member of the Institute of Business Appraisers. He has also written numerous articles for Dental Economics on transition subjects and issues. Endorsements "If you now or ever will own, sell, or work in a dental practice this book is a must read. Hy's decades of experience in creating WIN-WIN-WIN (seller-buyer-patients) transactions is yours in a clear, concise, and entertaining account. Wherever you are in your career, the tools to create your ideal future lie within these pages." Gary M. DeWood, DDS, MS, Executive VP, Spear Education "In my long experience of working with dentists at every phase of their professional careers, I have found that finding values-driven WIN-WIN advice in transitions to be difficult and frustrating. At the Pride Institute, we trust Hy Smith's integrity and expertise! Dentists deserve good, fair information and counsel that supports their transition choices. This book delivers." Amy Morgan, CEO, The Pride Institute "No one knows more about buying or selling a professional practice than Hy Smith. My own transaction benefited greatly from his knowledge and thirty years of experience. I can't imagine anyone buying or selling without consulting this book first." Gerardo Santiago, DDS "Buying or selling a practice is full of pitfalls. Trying to do so without the help of a consummate professional like Hy Smith is a folly. My own experience couldn't have been better, thanks to his firm. I would urge any professional to read this book and consult with Hy Smith before taking action." Ron Gillenwaters, DDS