Yearly Archives: 2012

Practice Ownership: Startup or Existing?

Any doctor weighing the benefits of practice ownership must eventually determine whether to purchase an existing practice or risk opening a startup. There are potential benefits to both options, but you… READ MORE

Understanding Goodwill

The intangible asset referred to as personal goodwill is a critical component of your practice’s value. This form of asset is often misunderstood, and the legal precedents bearing on personal goodwill… READ MORE

How Good Brokers Save You Money

While it might be tempting to sell your practice without consulting a transition professional, you should first weigh the financial advantages of retaining a broker. While you may think that eliminating… READ MORE

The Dangers of Dual Representation

  Imagine a lawsuit involving malpractice in which a patient sues a medical practitioner for damages for a mishandled procedure. To help negotiate the complexities of the legal system, the plaintiff… READ MORE

Promoting Your Practice on Facebook Part 2

After implementing the essential Facebook strategies outlined in Part 1, be sure to continue engaging your Facebook friends with attention grabbing posts. Any feedback you receive from your posts – such… READ MORE

Leasing a Space

Leasing a space for your dental practice is a major career decision that will have a far reaching impact upon your entire business. While the cost, size and location of a… READ MORE

Promoting Your Practice on Facebook Part 1

With over 900 million users, Facebook rivals Google as one of the most visited websites in the country. The average user clocks approximately 23 minutes on the site per visit, and… READ MORE

Building a Great Team

  Your selection of personnel ranks among the most important professional decisions you will face. Few other factors influence the way your office functions as dramatically as your staff, so it’s… READ MORE

Is It Time for a Practice Appraisal?

It’s obvious that a current practice appraisal will be necessary if the practice is to be put on the market, but this isn’t the only reason for obtaining an up-to-date valuation…. READ MORE

Conducting Due Diligence When Buying a Practice

Once you’ve found a practice to buy you’ll need to conduct your due diligence and then after you have entered a letter of intent or the purchase agreements then conduct a… READ MORE