If buying a dental practice has been weighing on your mind lately, there are some things to consider before you take that too good to be true offer from the dentist that you grew up with.
It may be tempting to jump in with both feet, but unless you understand anything about the dental brokerage business, you could end up biting off more than you can chew. Worse yet, you may end up being enemies with your hometown dentist.
Buying a Dental Practice Takes Teamwork
Just like selling any other business, it takes a professional to protect both you and the seller’s assets. When it comes to buying or selling a dental practice, a handshake just won’t do.
Blatchford Transitions have been in the dental brokerage field for over 30 years and as practicing dentists themselves understand how easy it is to get caught up in a, “Once in a lifetime,” offer. If you have been eyeing a particular dental practice, have met the selling dentist, but feel pressured to sign on the dotted line you need to sit back and investigate the selling dentist’s motives. Most people would be a bit leery if a seller was in a hurry to get rid of the dental practice.
Blatchford Transitions will work with you to find the best dental practice for your needs. You can be assured that the practice you purchase will be beneficial to your personal and professional life.
Decisions Must Be Made when Buying a Dental Practice
Just like anything in life, there are decisions to make when considering buying a dental practice.
Before you start searching high and low for a good dental practice ask yourself these questions:
• How to I maximize efficiency with a merging practice
• How can I maximize profitability without a work time increase?
• Where do I want to practice and live?
• How should I handle my dental marketing?
• How will I grow my practice?
• How can I increase profitability and dental flow?
• Should I have a large or small dental practice?
• What type of practice should I purchase?
Until you can ask yourself these basic questions, there really is no point in searching for a dental practice to purchase. If you are thinking about buying a dental practice in Miami but can stand the humidity, you need to rethink your dental practice strategy.
Before you take the plunge, get some advice from the experts. As dental brokers and dental coaches, the doctors from Blatchford Transitions understand what it takes to move from the, “thinking,” stage, to the, “doing stage.”
If are ready to start the buying a dental practice process talk to the team from Blatchford Transitions. Drs Bill and Christina Blatchford have the experience and expertise to help you make a decision that will affect the rest of your life up to and even after retirement.
Buying a dental practice is a life altering transition. Make sure you make it a good one. Call and schedule a no obligation consultation with Blatchford Transitions. Blatchford Transitions will take the pain out of buying a dental practice and turn it into a pleasure.