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May 15, 2024 | 
entrepreneur.com | Mark Kravietz
Entrepreneurship burnout is real. A recent study from Small Biz Silver Lining confirms that 75% of small business owners are concerned about their mental health. The thrill of being your own boss and having complete control over decision-making can often wind up being the very thing that causes the stress. For entrepreneurs who have scaled their business to include a substantial operating budget, clients and staff, the decision to step down or sell a business outright can feel overwhelming.
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May 13, 2024 | 
drumup.io | Charity Hudnall |Mark Kravietz |Clarissa Buch Zilberman |Mark J. Kohler
It's no secret that working mothers still face discrimination in the workplace. With few legal protections in place, many moms are pushed out of workplaces (laid off or fired) and subjected to stereotypes about their competency. I've faced discrimination as a working mother several times since 1997. I've been passed over for a promotion and stepped down from a leadership role because of the discrimination I faced.
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Apr 30, 2024 | 
dentaleconomics.com | Ryan Mingus |Roger P. Levin |Mark Kravietz
As Tusk closed out the first quarter of 2024, we took an opportunity to reflect on the activity, trends, and takeaways from the marketplace. After digging in, we discovered that Q1 2024 was the most active first quarter on record! When reflecting on past starts to the year, we quickly realized that 2024 was unique, and we wanted to understand why.
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Apr 30, 2024 | 
dentaleconomics.com | Ryan Mingus |Kevin Cumbus |Roger P. Levin |Mark Kravietz
As dental consolidation continues to move forward, a natural maturation cycle takes place. In its early stages, dental consolidation was primarily a “land grab” whereby private equity groups (PEGs) were acquiring practices, each with their own respective earnings before interest, taxes, depreciation, and amortization (EBITDA), and once they reached a certain size, they would sell that “bundle” of practices to the next PEG.
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Apr 30, 2024 | 
dentaleconomics.com | Roger P. Levin |Mark Kravietz
In the world of communication, there are endless recommendations to improve your effectiveness in influencing others. We want people to follow our instructions, like our opinions, agree with us, or at least know where we stand. In dentistry, communication is much more about having a patient accept treatment and feel positive about that decision.
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Apr 30, 2024 | 
dentaleconomics.com | Pamela Maragliano-Muniz |Roger P. Levin |Mark Kravietz
PracticeEditor's note: Your digital reputation precedes youWhen I meet a new patient, I always ask how they found the practice. I am often amazed that many patients come in not because of my website or my Instagram page, but because there is a cohort of people that “love me” in a particular Facebook group or on Reddit. It’s interesting to me that the marketing efforts I control are sometimes outperformed by messages out of my control.
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Apr 25, 2024 | 
dentaleconomics.com | Mark Kravietz |Ty Ramsey |Natalie Haggard |Howard S. Glazer
Financial preparednessOne of the foremost considerations in retirement planning for dentists is ensuring financial stability. Many practitioners invest significant resources into building and maintaining their practices, making it imperative to have a robust financial plan for retirement. This includes a comprehensive understanding of personal and practice finances, evaluation of potential sources of income during retirement, and exploration of investment opportunities.
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Apr 25, 2024 | 
dentaleconomics.com | Adrian Lefler |Mark Kravietz |Howard S. Glazer
Creating a dental website that captivates, informs, and converts visitors into patients is an art form. As patients increasingly turn to Google searches to find services, your dental practice's site must be esthetically pleasing, highly functional, and optimized for search engines. How can you use your online presence to differentiate your practice from competitors?
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Apr 1, 2024 | 
entrepreneur.com | Mark Kravietz
It's never too early to prepare your company for a sale. The business landscape is evolving rapidly, and entrepreneurs considering selling their businesses must adapt to the changing market dynamics. Strategic planning and timely decision-making can significantly impact the success of selling a business. In this article, we will explore five crucial moves business owners should make in preparation for selling their business in 2025. 1.
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Jan 29, 2024 | 
entrepreneur.com | Mark Kravietz
Recent studies show that 51% of the current American business market is owned by Baby Boomers, who are set to retire over the next 10 years. However, according to the Exit Planning Institute, the success rate for businesses that go to market and successfully sell is only 20% to 30%. These businesses often begin as a labor of love, with a founder's vision and hard work driving their success.
