Practice Management
Strategies for Investing Profits from Dental Practices to Build Wealth
You can make a lot of money as a dental practice owner. But making money is only half the battle. You also need to invest and grow your assets to build a solid foundation of wealth. Otherwise – all your profits will get eroded by unnecessary taxes, expenses, and inflation. Thankfully, there are many ways…
Read MoreFinancial Considerations For Buying a Dental Practice
Buying a dental practice is the natural next step for many dental associates looking to advance their career. Working for someone else is part of the journey, but it’s usually not the end goal. If you want to build a thriving business, invest in your future, and have control over your time and money –…
Read MoreBusiness Valuation
Knowing the valuation of your business is essential for acquisitions, exit-planning strategies and the general health and well-being of your company. And if your business is family-owned, you might not even understand the total value of what you have created. That can lead to a decline in value later during the selling process. What is…
Read MoreWhat Dentists Should Consider Before Selling to a Dental Service Organization
If you are like many other dentists, you’re probably dealing with the constant challenge to deliver excellent oral health services while also turning over a profit. You also need to adeptly oversee numerous administrative functions, as well as manage equipment purchases and promote your dental business as much as possible so you can grow your…
Read MoreTop 7 Ways to Effectively Market Your Dental Practice
Marketing is easy to overlook amidst the daily grind of patient care, managing the administrative functions, and keeping up to date with dental equipment purchases. There’s only so many hours of the day, and sometimes it seems like you’re treading water just to keep up with patient demands. But dental marketing is vital if you…
Read MoreBenefits of Tax Planning for Dentists
There is no doubt that accurate and efficient tax planning is vital for the success of your dental business. Operating a profitable dental practice entails more than just tax preparation. It requires the right tax planning to enable you to minimize, defer, or eliminate the amount of taxes your business owes. Rather than take on…
Read MoreBest State to Start a Business
What is the best state to start a business? The state of Utah is considered the sixth best destination, or state, for both starting a new business, and opening a small business, in two separate national reports, released recently, that used various quality-of-life and business environment metrics. Utah ranked especially well for consumer spending, and…
Read MoreRunning a Successful Dental Practice
Running a dental practice is no joke. In this age of the internet which includes countless online directories, there have never been more options available for consumers when it comes to selecting a dentist’s office. In addition to searches online, consumers can also use social media to inquire with their friends about which dentist is…
Read MoreHow To Protect Your Dental Practice If A Partner Become Disabled
Disability is a reality for many people in the United States. According to the Social Security Administration, one in four people will become disabled at some point before they reach retirement age. For dental practices, this can be a difficult issue to navigate. What happens if one of your partners becomes disabled? How do you…
Read More7 Steps To Protecting Your Assets
Asset protection should be a priority for anyone with – assets. With seven key steps, you can retire with confidence and leave a financial legacy for your loved ones. It is not just the super-rich who need to worry about this either; you or I could easily find ourselves in an uncomfortable situation if our…
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