-
1 month ago | 
dentaltown.com | Angie Svitak |Howard Farran |Thomas Giacobbi |David Hirshfield
Are you struggling to understand your profit and loss (P&L) statement? Do you feel lost when it comes to managing your dental practice finances? If so, you're not alone. Many dentists find financial management overwhelming, but with the right approach, you can gain clarity, control, and confidence in your numbers.
In this blog, we’ll break down five simple steps to help you master your P&L, optimize cash flow, and increase profitability in your dental practice.
-
1 month ago | 
dentaltown.com | Kyle Patton |Thomas Giacobbi |David Hirshfield
Expanding a dental practice is an exciting milestone for entrepreneurial dentists, but selecting the right market is a critical decision. Should you expand in a densely populated urban area with high patient volume, or target a spread-out region with less competition?
This isn’t a simple either-or decision. Successful expansion requires strategic planning, industry-specific insights and a deep understanding of market dynamics, patient needs, and operational logistics.
-
1 month ago | 
dentaltown.com | Howard Farran |Sam Mittelsteadt |David Hirshfield
Introduction
Did you know that a majority of healthcare professionals now choose online programs for their Advanced Cardiovascular Life Support (ACLS) certifications? It makes sense. Online ACLS training offers convenience without sacrificing the important knowledge you need.
Now, the documentation you receive isn’t just a formality. It proves that you have the skills to handle medical emergencies and meet industry requirements. You’ll typically get digital certificates or completion cards.
-
2 months ago | 
dentaltown.com | Sam Mittelsteadt |David Hirshfield
Selling your dental practice is a significant decision that requires strategic planning and careful execution. Whether you’re transitioning into retirement, pursuing new opportunities, or seeking a lifestyle change, following a structured approach will help ensure a smooth and successful sale. Here’s a step-by-step guide to navigating the process.
-
Dec 1, 2024 | 
dentaltown.com | David Hirshfield
When selling your dental practice, determining the enterprise value (EV) is one of the most critical steps. EV doesn’t just provide a snapshot of what your practice might be worth; it offers a comprehensive look at its total value, accounting for income-generating assets, liabilities, and other factors. Here’s how EV is calculated and why it’s essential for evaluating and maximizing your practice’s potential during a sale.
What is Enterprise Value?
-
Nov 19, 2024 | 
dentaltown.com | Hunter Satterfield |Flint Geier |Howard Farran |David Hirshfield
“There’s a freedom that comes when you’re truly in control.” ~Dr. Bruce B. Baird
In this powerful episode, we’re diving into the concept of freedom – what it really means and how we can achieve it, both in business and life. Dr. Bruce B. Baird, Victoria Peterson S.s.D., and Regan Robertson share their personal and professional experiences to living freely and discuss how freedom extends beyond financial success, exploring inner peace, clarity, and the strength to make courageous decisions.
-
Nov 18, 2024 | 
dentaltown.com | Howard Farran |Thomas Giacobbi |David Hirshfield
“There’s a freedom that comes when you’re truly in control.” ~Dr. Bruce B. Baird
In this powerful episode, we’re diving into the concept of freedom – what it really means and how we can achieve it, both in business and life. Dr. Bruce B. Baird, Victoria Peterson S.s.D., and Regan Robertson share their personal and professional experiences to living freely and discuss how freedom extends beyond financial success, exploring inner peace, clarity, and the strength to make courageous decisions.
-
Nov 4, 2024 | 
dentaltown.com | David Hirshfield
By planning your transition carefully and working with a trusted broker in the dental practice marketplace, practice sellers can ensure each element of the process is completed smoothly. But first, it’s important to learn more on the types of dental practice transitions available for those considering a sale. In this article, the team at OMNI Practice Group explains the processes involved in several types of dental practice transitions.
-
Oct 28, 2024 | 
dentaltown.com | Howard Farran |David Hirshfield
A great philosopher once said “If you can dodge a wrench, you can dodge a ball”. What does that have to do with buying a practice? A lot actually. What the philosopher is referring to is that if you can dodge an object, a wrench for example, you can dodge another object, such as a ball. Applying this theorem to the practice buying world, if you have ever completed a major purchase, or made a major decision, the process and steps are the same.
-
Sep 19, 2024 | 
dentaltown.com | Thomas Giacobbi |Jay Geier |Kyle Patton |David Hirshfield
LISTEN TO THE FULL PODCAST EPISODE HEREHow can you thrive in the dental industry without it consuming your life and identity? In this episode, Dr. Matt Vogt returns to the podcast, sharing his incredible journey from a budding dentist to a successful coach with The Lifestyle Practice (TLP). We dive into Matt's experiences, exploring the evolution of his startup practice into a flourishing establishment with multiple staff members and a thriving culture.
