The Simple Guide To Buying A Dental Practice Getting A Great Deal

Author : Manfred Purtzki
Publisher : Unknown
Page : 114 pages
File Size : 41,9 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 : Manfred Purtzki
Publisher : Unknown
Page : 106 pages
File Size : 47,7 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 D. Hanks
Publisher : Createspace Independent Publishing Platform
Page : 128 pages
File Size : 52,5 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 : Bernie Stoltz,Mark Murphy
Publisher : Unknown
Page : 124 pages
File Size : 45,9 Mb
Release : 2018-10-31
Category : Electronic
ISBN : 1732857393

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The Win-Win Outcome by Bernie Stoltz,Mark Murphy Pdf

The profession of dentistry has changed enormously. From the heyday of single practitioners working four days a week, corporate dentistry now provides consumers with more convenient hours, better locations, and care that's covered by insurance. Today, the easiest hygiene appointments to sell in metro areas are between 6:00 p.m. and 9:00 p.m. Consumer demand has changed, and private practitioners who don't evolve to meet this new demand will see their profits continue to erode. The solo model no longer works if dentists want to compete with corporate shops. In The Win-Win Outcome: The Deal Maker's Guide to Buying and Selling Dental Practices. Mark Murphy and Bernie Stoltz explain that the future of dentistry is to practice in groups. With a combined half century of experience, the authors believe that where the profession is heading offers enormous opportunity for dentists-to run better practices, lead better lives, and create lasting wealth. The Win-Win Outcome shows you how. Private doctors can merge into a more efficient business model without giving up their private-practitioner status or the opportunity to build equity in a practice. Borrowing strategies from the corporate model-such as extended hours, modern technology, and multiple specialists under one roof-private practitioners have the tools to outperform their corporate competition. By forming group practices through mergers and acquisitions, entrepreneurial dentists can produce fantastic dentistry for the consumer and create multi-generational wealth for themselves. Associate, mid-career, and late-career doctors can all benefit. In this new era of dentistry, The Win-Win Outcome demonstrates that there is no better way for a dentist to create lasting wealth than to merge his or her practice with another.

Author : Manfred Purtzki
Publisher : Unknown
Page : 0 pages
File Size : 50,8 Mb
Release : 2023
Category : Electronic
ISBN : 1777828740

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The Simple Guide to Starting a Dental Practice and Getting it Right the First Time by Manfred Purtzki Pdf

Are you thinking about starting your own dental practice and want to get it right the first time? For the enterprising dentist The Simple Guide to Starting a Dental Practice and Getting it Right the First Time is an invaluable resource. Starting a practice from scratch in today's competitive market can be a scary proposition, but The Simple Guide will walk you through the steps to turn your dream into a reality. With practical advice for every step along the way, to-do lists and templates, this guide can help you ensure that your practice is set up for long-term success. In this book, you'll learn: How to find the ideal location with patients that are perfect for your practice How to build a comprehensive business plan and arrange financing How to design and staff your new practice and more...  Preparation is key for a successful practice start-up. The work you do now will lay the foundation of your practice, and with the advice in this guide, you can make sure that foundation is one that will lead to long-term career and financial success. 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 : Kevin Rossen,Addison Killeen,Addison Killeen Dds
Publisher : Unknown
Page : 120 pages
File Size : 46,7 Mb
Release : 2019-08-26
Category : Electronic
ISBN : 1688264795

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By the Numbers by Kevin Rossen,Addison Killeen,Addison Killeen Dds Pdf

Owning and operating a dental practice can be difficult and confusing. However, it doesn't have to be that hard! By The Numbers is a powerful guidebook to running your dental practice using the most powerful statistics available. Using these numbers, you will ensure profitability and success by only focusing on the numbers that make a significant difference in the daily operations of your dental practice. Here's a few of the things you'll find: - A step-by-step guide to purchasing your first or next dental office - Tax tips to save tens of thousands in the purchase agreement - The top 26 numbers that you need to run your entire operation - A few of the higher level numbers that will spur increased income growth- A Special Analytics section from Divergent Dental's CEO Kevin Rossen

Author : Gabriel Asulin
Publisher : Independently Published
Page : 197 pages
File Size : 45,9 Mb
Release : 2018-11-23
Category : Electronic
ISBN : 1731511973

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Turn Your Dental Practice Into a Successful Business by Gabriel Asulin Pdf

How to turn your dental practice into a profitable business. "Turn your Dental Practice into a Successful Business" is a bestselling book that offers practical solutions that can be easily applied in every dental practice in order to increase its sales very quickly. The book (translated into Spanish, Russian and Hebrew) provides detailed answers to all the dental practice related marketing, management and sales questions or issues, which will allow you to increase the sales and profitability of your dental practice in a very short time. The author, Gabriel Asulin, is a world-renowned expert and became a global "guru" in the field of marketing and promotion of dental practices. Gabriel is a top presenter and popular lecturer worldwide. His seminar "How to Double your Clinic's Sales in 3 Months!" was a major blockbuster in in China, Colombia, Mexico, Russia, Israel, Bulgaria and Dominican Republic in recent years. The strategies and methods suggested by Gabriel in his book are based on many years of experience in business consulting and training hundreds of dental practices around the world. The unique management and marketing methods presented in this book are successfully used by many dental practices and have proven to significantly improve sales and profitability. In this book you will learn all about: How to attract new clients How to retain existing clients How to close big treatment plans How to manage the reception area How to perform an effective re-call How to improve the hygienist's productivity How and where to advertise What to consider before purchasing a new dental practice How to reward the staff and increase their motivation How to increase the clinic's profitability How to deal with clients who perform a market survey And much more...

Author : Brian Hanks,Heather Foutz
Publisher : Createspace Independent Publishing Platform
Page : 128 pages
File Size : 43,7 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 : American Dental Association
Publisher : American Dental Association
Page : 126 pages
File Size : 52,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 9781935201113

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Valuing a Practice by American Dental Association Pdf

Author : H. M. Smith
Publisher : Wheatmark, Inc.
Page : 189 pages
File Size : 51,6 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

Author : James L. Harrison,David O. Willis,Charles K. Thieman
Publisher : John Wiley & Sons
Page : 486 pages
File Size : 55,8 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 : David G. Dunning,Brian M. Lange
Publisher : John Wiley & Sons
Page : 528 pages
File Size : 45,8 Mb
Release : 2016-07-08
Category : Medical
ISBN : 9781119119463

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

Dental Practice Transition: A Practical Guide to Management, Second Edition, 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. Unique comprehensive guide for the newly qualified dentist Covers key aspects of practice management and the transition into private practice Experienced editorial team provides a fresh, balanced and in-depth look at this vitally important subject New and expanded chapters on dental insurance, patient communication, personal finance, associateships, embezzlement, and dental service organizations

Author : Dr. Randall M. LaFrom
Publisher : Lulu.com
Page : 138 pages
File Size : 53,6 Mb
Release : 2018-03-26
Category : Business & Economics
ISBN : 9780692096772

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Dental Practice Strategy Guide by Dr. Randall M. LaFrom Pdf

Dental business strategy book for all phases of running a dental practice.

Author : Manfred Purtzki
Publisher : Unknown
Page : 0 pages
File Size : 46,8 Mb
Release : 2021
Category : Dental economics
ISBN : 1777828716

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

Author : Nate Williams
Publisher : Bookbaby
Page : 176 pages
File Size : 46,9 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.