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It’s been my experience that most practice owners wait too long to plan for the sale of their practice. The consequences are disappointing offers to purchase, little control over the sale of their practice, and more. Do you have a plan? Are you familiar with the key Practice Management Numbers? For the previous calendar year, …
Preparing Your Dental Future, featuring Mary Fisher-Day & Dilaine Gloege Audio – 30 MB In this episode, Anne Duffy is joined by Mary Fisher-Day & Dilaine Gloege. Mary Fisher-Day is the owner and CEO of “The Dental Business,” a company whose mission is to help dentists who are purchasing a new practice to be happy …
Listen to Mary’s interview with Dr. Laura Mach, as she lays out a blueprint for an emergency exit plan for your dental practice. Link to Podcast..
I have received this question often: What does a broker do to earn their pay? I want to preface this by saying that I am referencing brokers with integrity in this article. Just as there are good dentists and not-so-good dentists in the world. The same can be said for brokers there are some good …
Dr. Austin had no idea what was about to happen to his family and his practice when he left for work that Tuesday in March. Dr. Austin’s wife answered her phone to hear the voice of a police officer who would go on tell her that her husband was in a car accident and he …
Dr. Rebekkah Merrell I graduated from dental school, so I’m smart, right? A few years after finishing my residency, I decided I wanted to own my own practice. I was trapped working for a corporate practice that made me hate going to work everyday. I was itching for a change and fast. I began looking …
Whether you’re planning to own a practice, or you already do, this article is for you. You won’t likely receive the following information in Dental School, in Residency or as an Associate Dentist. Reality Bites: It does not matter how much you love your team or how much they love you, they will never care as …
The following article was written by our Founder, Mary Fisher-Day, exclusively for Dental Entrepreneur Magazine and appears in the Fall, 2016 issue and the online edition Here. There’s plenty to be said of the benefits of living and practicing in a big city or Metropolitan area. Proximity to upscale dining, Cultural Activities and Shopping Malls …
I recently learned of a dental practice that has two minute dance parties, prior to their morning huddle everyday. The team loves it. Imagine the positive energy this brings to the practice! What do you think? Would this work for your practice? Check out the article below. Early Morning Dance Parties Boosting Productivity -Mary Mary …
The following overhead numbers are typical of a well managed Dental Practice: • Staff Salaries (including benefits and government required Payroll expenses) = 24-28% • Clinical Supplies = 6% • Lab Fees (all) = 7-8% • Rent or Lease payment = 4% • Equipment Leasing/Purchases = 2-3% • Office Supplies (includes postage and electronic billing …
