Should you start a dental practice from scratch or buy one with existing patients, and more importantly, existing cash flow? It’s the main question that new dentists ask, and one that should be considered heavily before jumping in.
There are many things to consider when it comes to dental practice transitions, and the team from Edwards & Associates is discussing some of the important things you need to look for when considering either buying a dental practice or starting a dental practice from scratch.
The good news is that the failure rate for dental offices is very low, so either decision can be a good one, and lenders usually look favorably upon someone needing money for a dental practice.
In this podcast, the team weighs the pros and cons of each, and what the important factors are when deciding to purchase vs. startup. They discuss what you should consider when building a practice from scratch. Plus they talk about what you should be considering when purchasing a practice, and why patient count isn’t the most important number.
Before you start down the road of purchasing or buying, this is a must-listen!
Blog Mentioned In This Podcast - What Went Wrong Wednesdays: https://www.adapracticetransitions.com/blog/what-went-wrong-wednesdays-3-contract-issues-that-got-expensive
Have a question? Contact Edwards & Associates to get your question answered and possibly featured in a future podcast, firstname.lastname@example.org or 972-267-9191. Or contact any excellent ADCPA affiliate across the nation at ADCPA.org.