Dental Practice Planning | The Dental Business https://thedentalbusiness.com/category/dental-practice-planning/ Practice Transitions Tue, 16 Jan 2024 14:43:33 +0000 en-US hourly 1 https://thedentalbusiness.com/wp-content/uploads/2019/05/cropped-Fisher-Day-Dental-Business-Icon-Only-Web-32x32.png Dental Practice Planning | The Dental Business https://thedentalbusiness.com/category/dental-practice-planning/ 32 32 Dental practice owners who want to retire on their terms must be familiar with the following: https://thedentalbusiness.com/dental-practice-owners-who-want-to-retire-on-their-terms-must-be-familiar-with-the-following/ Wed, 03 Jan 2024 23:01:56 +0000 https://thedentalbusiness.com/?p=7473 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, …

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]]> Preparing Your Dental Future, featuring Mary Fisher-Day & Dilaine Gloege https://thedentalbusiness.com/preparing-your-dental-future-featuring-mary-fisher-day-dilaine-gloege/ Mon, 23 May 2022 18:07:33 +0000 https://thedentalbusiness.com/?p=7096 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 …

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]]> Being Ready with Mary Fisher-Day https://thedentalbusiness.com/being-ready-with-mary-fisher-day/ Tue, 12 Apr 2022 00:54:52 +0000 https://thedentalbusiness.com/?p=7082 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..

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]]> What do Brokers do to earn their pay? https://thedentalbusiness.com/what-do-brokers-do-to-earn-their-pay/ Sun, 27 Feb 2022 21:04:36 +0000 https://thedentalbusiness.com/?p=7060 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 …

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]]> Do you have an Emergency Directive, or “Will for your Practice”? https://thedentalbusiness.com/do-you-have-an-emergency-directive-or-will-for-your-practice/ https://thedentalbusiness.com/do-you-have-an-emergency-directive-or-will-for-your-practice/#respond Tue, 19 May 2020 13:09:32 +0000 https://thedentalbusiness.com/?p=6580 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 …

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]]> https://thedentalbusiness.com/do-you-have-an-emergency-directive-or-will-for-your-practice/feed/ 0 Buying a Dental Practice: How One Decision Saved My A** and Likely, My Career https://thedentalbusiness.com/buying-a-dental-practice-how-one-decision-saved-my-a-and-likely-my-career/ https://thedentalbusiness.com/buying-a-dental-practice-how-one-decision-saved-my-a-and-likely-my-career/#respond Sat, 02 Nov 2019 01:36:56 +0000 https://thedentalbusiness.com/?p=5807 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 …

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]]> https://thedentalbusiness.com/buying-a-dental-practice-how-one-decision-saved-my-a-and-likely-my-career/feed/ 0 What you need to know if you want to own a Dental Practice https://thedentalbusiness.com/what-you-need-to-know-if-you-want-to-own-a-dental-practice/ https://thedentalbusiness.com/what-you-need-to-know-if-you-want-to-own-a-dental-practice/#respond Mon, 01 Apr 2019 19:02:25 +0000 https://thedentalbusiness.com/?p=4793 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 …

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]]> https://thedentalbusiness.com/what-you-need-to-know-if-you-want-to-own-a-dental-practice/feed/ 0 Benefits of a Small-Town vs. Big-Town Practice https://thedentalbusiness.com/benefits-small-town-vs-big-town-practice/ https://thedentalbusiness.com/benefits-small-town-vs-big-town-practice/#respond Tue, 25 Oct 2016 22:08:03 +0000 https://thedentalbusiness.com/?p=1203 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 …

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]]> https://thedentalbusiness.com/benefits-small-town-vs-big-town-practice/feed/ 0 Could Early Morning Dance Parties Boost Productivity? https://thedentalbusiness.com/could-early-morning-dance-parties-boost-productivity/ Fri, 22 May 2015 12:16:53 +0000 https://thedentalbusiness.com/tdbblog/?p=195 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 …

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]]> Dental Office Overhead https://thedentalbusiness.com/dental-office-overhead/ Wed, 18 Feb 2015 02:36:02 +0000 https://thedentalbusiness.com/tdbblog/?p=192 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 …

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