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Our second point of interest in purchasing a practice for profit is their Profit & Loss Statement.  I will try to dumb this down to a simple yet understandable format that allows you to quickly analyze a practice “outflow”.  Keep in mind that I will be mentioning ideal levels in the categories we discuss.  But our primary goal is ...

We are moving on to the second and third pages of the Growth Analysis Spreadsheet as we define and understand this document on the journey to purchasing a profit centered new practice.  This evaluation sheet can be down loaded by simply clicking this link. In addition, make sure you have also downloaded The Super General Dental Practice at ...

In almost every endeavor, we are faced with a multitude of facts and a need to simplify and analyze this date in order to make a consistently successful decision.  In analyzing dental practices, the growth analysis sheet will help you to immediately assess the challenges as well as the upside to any practice.  If you are an owner, it allows you ...

Before any big game, football coaches play and replay films of the opposing team.  They learn the weak and strong points of their adversary before they even walk out on the field.  They understand that there has never been “just another game” if winning is where you plan to end up.  In that vein, let’s take a look at the assemblage of ...

As we begin this transition in earnest, I want to bullet point the foundational premises that we will be following.  We will not get into great detail, but I will give you a bit of insight now and later as we go through actually finding, measuring, and purchasing an office we will expand your understanding and the logic of where we are ...

I would have to say that there are many things I like about the Fourth of July, but my favorite is eating desserts.  For almost 35 years, we have thrown a Fourth of July get together on our farm.  We generally have a hundred or so assorted adults and kids over for the Fourth of July celebration.  While we supply all of the meat, the music, and ...

As I mentioned previously, I want to start a series of articles that will ensure you make a 400%-600% return on your money.  I have been spending some time helping dental students understand what a really good practice looks like, as well as helping recent graduates buy or start their first practice, and owner doctors reach out and buy another ...

Got a call from a young dentist who wanted to know: “What’s wrong”?  “How can I fix this”?  Seems that last month this single doctor office did $180,000 and after the first week of the new month, there was only $80,000 scheduled.  Hygiene was full, and three full weeks still remained in the month, but they were already in a panic.  ...

I don’t know about you, but desserts are my favorite part of a meal.  I don’t eat them often, but when I know I am going too, I look forward to it as a reward.  I have even been known to eat my dessert first.  After all, life is short and there are no guarantees. The world is full of stress and while we cannot predict the future or ...

Sometimes we need a simple lesson and reminder that success is an everyday, every hour, every minute commitment that never goes out of style.  Certainly, there are countless books and speeches that claim to give you the secret sauce for success, but in a way, success for one person is not success for another.  We are fortunate because each of us ...