Retiring Dentist - Blog

Dental practice acquisition, due diligence checklist

 Buying a dental practice is not an easy task. It can often be a long and complicated process which can leave you wondering why you ever thought it was a good idea in the first place. 

As an acquirer, there are many important steps you must take to ensure that the investment you are making is a viable on...

Dentists: Are You Ready For A Bargain? 

During negotiations on the sale of your dental practice, it is likely that you and the acquirer are going to come into conflict at some point during the process.

Whether these conflicts come from differing priorities in regards to:

Paymen...

Dentists: Is it Your First Time? 

Buying a dental practice is definitely a game changer in your career. You can earn more whilst being your own boss. 

But it comes with a lot of responsibilities too. 

Here are 4 fundamental things you need to think about before starting the acquisition process: 

Location. 

...

Dentists: The Wrong Tactics Will Prove Costly! 

Here are 4 absolute key considerations that you should be thinking about when selling your dental practice: 

1. Start early. 

Selling a practice doesn’t happen overnight. It is a process that can take years so if you are looking at getting out in the next 12 months or so, you...

The Necessary Dental Pivot!

This is a challenging time for Dentists. Everyone is being asked to stay inside.

Businesses most affected by this are ones that provide services in local areas. Restaurants, salons, gyms, local markets and of course Dental practices are all businesses that deal with people locally and in person.

To maintain social distancing and sel...

Dentists: I Wanted You to See This!

You have a massive opportunity here… The biggest opportunity that your Dental practice has had for some time.

The economy is contracting and although there are some people out there that say this is a terrible thing…

It doesn’t have to be!

Think of the recession as a sharp curve on an auto racetrack...

Dentists: We Are Here to Help! 

I just wanted to take the time to write a personal note to all Dental practice owners. 

Even in the unlikely event we reduce  the spreading of COVID-19, adversely it will mean a worse and more deeply structural recession. China finds itself having quelled the spread but with the virus still present, a return to pre-viru...

The Dentist Acquirers Cheat Sheet!

Let me hit you hard and fast with the 5 most important things to consider when acquiring a dental practice.  

- Think 'synergy', not 'shoehorn'. 

- Due Diligence...and why it is vital. 

- Goodwill Hunting. 

- Compliance conundrums and complicated calculations. 

Dentists: The Good, the Bad and the Painful! 

In my experience as a dental patient, there are 3 types of dentists that exist.

The good, the bad and the downright painful! 

The good dentists are those that prepare themselves so well, that when giving local anaesthetic to a paediatric patient for a filling, the child doesn’t even realise they had...

The Dentists Cheat Sheet!

Let me hit you hard and fast with the 7 most disastrous things that you can do when selling your dental practice.  

- Seizing the first opportunity that comes along. 

- Bad housekeeping. 

- Careless checking. 

- Forgetting to tell the people that matter. 

- Telling too many people.&n...