Dental B-School

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New Blog Alert! 7 Tips to Transition Team Members After a Dental Practice Purchase

Purchasing your first dental practice is one of the most exciting endeavors you will experience as a businessperson. After completing years of education, training, and supervised work, you will finally be able to live your dream of owning your own dental practice.

As you approach your transition to your new practice, it is important to have a plan in place to handle some of the challenges that may arise. A key dilemma you will face is how to handle existing staff members employed by the practice you are buying. One possibility is...

https://www.dentalbschool.com/blog/7-tips-to-transition-team-members-after-a-dental-practice-purchase

7 Tips to Transition Team Members After a Dental Practice Purchase Purchasing your first dental practice is one of the most exciting endeavors you will experience as a businessperson. After completing years of education, training, and supervised work, you will finally be able to live your dream of owning your own dental practice. As you approach your transition to....

New Blog Alert! 8 Tips for Assembling a Winning Team for Your New Dental Practice

The success of your new dental practice hinges in great part upon your ability to hire a competent team of dental office professionals. By assembling a team of talented, professional staff members, your patients will...

https://www.dentalbschool.com/blog/8-tips-for-assembling-a-winning-team-for-your-new-dental-practice

8 Tips for Assembling a Winning Team for Your New Dental Practice The success of your new dental practice hinges in great part upon your ability to hire a competent team of dental office professionals. By assembling a team of talented, professional staff members, your patients will...

New Blog Alert! How To Value A Dental Practice

When you are looking to buy or sell a dental practice, there are a number of steps you must take in order to be successful.

If you are looking to purchase a dental practice, you might want to evaluate the value of that practice yourself, instead of solely relying on the assertions of the seller. Regardless of which party you are, you will need to...

https://www.dentalbschool.com/blog/how-to-value-a-dental-practice

How To Value A Dental Practice When you are looking to buy or sell a dental practice, there are a number of steps you must take in order to be successful. If you are looking to purchase a dental practice, you might want to evaluate the value of that practice yourself, instead of solely relying on the assertions of the seller. Reg...

New Blog Alert! 3 Things You Should Never Tell the Other Side During a Dental Practice Negotiation

​If you are interested in owning a dental practice, you might be wondering how to purchase one. If you want to learn how to buy a dental practice, you will eventually enter a negotiation process with someone selling the dental practice. Buying a dental practice is not an easy process, and you could get a bit nervous during the negotiation process.

What are a few important topics you need to avoid discussing if you are interested in buying a dental practice? There are a few important points to keep in mind.

https://www.dentalbschool.com/blog/3-things-you-should-never-tell-the-other-side-during-a-dental-practice-negotiation

3 Things You Should Never Tell the Other Side During a Dental Practice Negotiation You have worked very hard to finish dental school. Now, you might be wondering what to do after dental school. What happens after dental school? You can go to work for another practice, you can start your own practice, or you can go through the process of purchasing a dental practice. If you are int...

New Blog Alert!

The time you’ve been waiting for has come. You’ve finished dental school and now you’re ready to start your career as a bona fide dentist. There may be pitfalls along the way, though, such as picking the right location & working with the right dentist.

Thankfully, we have your back! Read this quick article and learn the 7 tips you need to know to ensure your success as a professional dentist!

https://www.dentalbschool.com/blog/7-tips-to-help-you-prepare-for-your-first-job-as-a-dentist

7 Tips to Help you Prepare for your First Job as a Dentist The time you’ve been waiting for has come. You have finished dental school and are starting your career as a bona fide dentist associate who is employed by an established dentist. You look forward to going to work every day. You are excited about receiving a regular paycheck while doing the work y...

New Blog Alert! Does it Make Financial Sense to Build a New Dental Practice?

Being a dental practice owner has proven over and over again to be one of the strongest ways to build wealth. In fact, did you know that the default rate for dental offices is less than one percent?!

Clearly, the choice is easy, however, the real question is whether or not you want to buy an existing practice or start your own. In this article, you'll learn what you need to know.

https://www.dentalbschool.com/blog/does-it-make-financial-sense-to-build-a-new-dental-practice

Does It Make Financial Sense to Build a New Dental Practice? One of the most common questions I receive from young doctors is whether it makes financial sense for them to be a practice owner. The answer may seem obvious to some who already own a practice but when you are faced with high student loans and other debt, it is reasonable to worry about taking even...

New Blog Alert! How to Pay Off Student Loan Debt, Part I

Today, Americans have over $2 trillion in student loan debt. While undergraduate students will graduate with an average student loan obligation of just under $30,000, those who must attend additional school for their chosen career only see the student loan problem compound as the years go on. Student loan debt is often a huge problem for dentists.

Thankfully, the earning potential for a dentist is high. Owning your own practice can significantly increase your income potential. However, getting your foot in the door as an owner can be inhibited if you have a huge mountain of debt looming over you.

We have some practical advice that you can use (starting today) to help you control your financial future as a dentist.

https://www.dentalbschool.com/blog/how-to-pay-off-student-loan-debt-part-i

How to Pay Off Student Loan Debt, Part I Today, Americans have over $1.64 trillion in student loan debt. While undergraduate students will graduate with an average student loan obligation of just under $30,000, those who must attend additional school for their chosen career only see the student loan problem compound as the years go on. Stu...

New Blog Alert! How Demographics Impact Your Dental Practice Location

When you open a new dental practice, it's important to understand the demographics of the area. Checking out the area's demographics can also give you a better idea of whether you want to open your own practice or buy an existing practice. Before you dive in with your new dental practice, make sure you understand...

https://www.dentalbschool.com/blog/how-demographics-impact-your-dental-practice-location

How Demographics Impact Your Dental Practice Location When you open a new dental practice, it's important to understand the demographics of the area. Checking out the area's demographics can also give you a better idea of whether you want to open your own practice or buy an existing practice. Before you dive in with your new dental practice, make sure....

New Blog Alert! Due Diligence When Purchasing a Dental Practice

When buying a dental practice, due diligence is the process of evaluating the significant items related to the practice. This means conducting a deep investigation into the financial, legal, and operational aspects of the practice so that there will be no undesirable surprises should the potential purchaser decide to buy.

Due diligence is also a process of...

https://www.dentalbschool.com/blog/due-diligence-when-purchasing-a-dental-practice

Due Diligence When Purchasing a Dental Practice When buying a dental practice, due diligence is the process of evaluating the significant items related to the practice. This means conducting a deep investigation into the financial, legal, and operational aspects of the practice so that there will be no undesirable surprises should the potential p...

New Blog Alert! You’ve Just Graduated Dental School, Now What?

The first days after you graduate from dental school are often overwhelming. After the celebrations are over, your professional career looms ahead of you. Choosing the right path is complex and often difficult. This guide will help you discover the various options, weigh the pros and cons of each one, and choose a career path that is the perfect fit for your interests and goals.

https://www.dentalbschool.com/blog/youve-just-graduated-dental-school-now-what

You’ve Just Graduated Dental School, Now What? The first days after you graduate from dental school are often overwhelming. After the celebrations are over, your professional career looms ahead of you. Choosing the right path is complex and often difficult. This guide will help you discover the various options, weigh the pros and cons of each on...

New Blog Alert! Financial Due Diligence When Purchasing a Dental Practice

Congrats on taking the next step toward dental practice ownership! Don't miss this blog because it will be imperative to your overall success.

The purpose of the financial due diligence process is to make sure the practice will provide you with enough revenue to cover your...

https://www.dentalbschool.com/blog/financial-due-diligence-when-purchasing-a-dental-practice

Financial Due Diligence When Purchasing a Dental Practice When you decide to purchase a dental practice, consider consulting with a dental lawyer who has a team of advisors who can conduct due diligence to be sure you do not face any surprises when the practice purchase process is complete. You want to begin working in your new practice on the very first d...

New Blog Alert! Reasons to Hire a Dental Attorney

Although there is a common misconception that attorneys are only needed for drafting complex legal documents and litigating disputes, the reality is that the insight and guidance of an experienced attorney can be more important to your dental practice than you think.

The right legal advice can lay a solid foundation for every aspect of your practice's success, from keeping your employees happy to increase your overall profitability and even...

https://www.dentalbschool.com/blog/reasons-to-hire-a-dental-attorney

Reasons to Hire a Dental Attorney Although there is a common misconception that attorneys are only needed for drafting complex legal documents and litigating disputes, the reality is that the insight and guidance of an experienced attorney can be more important to your dental practice than you think. The right legal advice can lay a...

New Blog Alert! Why Dental Practice Ownership is Important

As with most things in life, there are advantages and disadvantages to being a dental practice owner. The good news is that today the advantages far outweigh the disadvantages.
Some of these reasons include...

https://www.dentalbschool.com/blog/why-dental-practice-ownership-is-important

Why Dental Practice Ownership is Important As with most things in life, there are advantages and disadvantages to being a dental practice owner. The good news is that today the advantages far outweigh the disadvantages.

New Blog Alert! 7 Reasons Why Dental Students Should Take Business Courses

While you are in dental school, you will have a lot on your plate. You need to think about how to take care of patients of all ages, how to fill cavities, and how to treat periodontal disease. At the same time, it is important for you to learn about the business side of dentistry.

Even though you may think that business classes are not related to your direct studies, they can provide you with the critical information you need to know if you want to...

https://www.dentalbschool.com/blog/7-reasons-why-dental-students-should-take-business-courses

7 Reasons Why Dental Students Should Take Business Courses While you are in dental school, you will have a lot on your plate. You need to think about how to take care of patients of all ages, how to fill cavities, and how to treat periodontal disease. At the same time, it is important for you to learn about the business side of dentistry. Even though you ma...

New Blog Alert! Practice management Due Diligence When Purchasing a Dental practice

If you are an associate dentist or recent dental school graduate who is thinking about purchasing a dental practice instead of starting your own from the ground up, you must perform a thorough due diligence investigation into the financial, legal, and practice management aspects of the practice before you sign final documents.

You do not want to face any unpleasant surprises when...

https://www.dentalbschool.com/blog/practice-management-due-diligence-when-purchasing-a-dental-practice

Practice Management Due Diligence When Purchasing a Dental Practice If you are an associate dentist or recent dental school graduate who is thinking about purchasing a dental practice instead of starting your own from the ground up, you must perform a thorough due diligence investigation into the financial, legal, and practice management aspects of the practice befo...

New Blog Alert! Questions to Ask Your Lender When Buying a Dental Practice

Buying a dental practice generally requires a substantial financial investment. If you are like most dentists, you will need to secure financing to complete the deal.

There are some things you can do to prepare for your first visit with a lender. The lender will have a lot of questions to ask you and this is your opportunity to ask a lot of questions of the lender.

You want to feel a rapport with the lender because...

https://www.dentalbschool.com/blog/questions-to-ask-your-lender-when-buying-a-dental-practice

Questions to Ask Your Lender When Buying a Dental Practice Buying a dental practice generally requires a substantial financial investment. If you are like most dentists, you will need to secure financing to complete the deal. There are some things you can do to prepare for your first visit with a lender. The lender will have a lot of questions to ask you an...

New Blog Alert! Questions to Ask Your Contractor When Building or Updating a Dental Practice

You have now finished the planning stage for building your dental office or renovating your existing structure. You have worked with an architect and the plans are in place. It is now time for you to find and hire a contractor.

Do your due diligence and invest some time in identifying several contractors who have the potential to...

https://www.dentalbschool.com/blog/questions-to-ask-your-contractor-when-building-or-updating-a-dental-practice

Questions to Ask Your Contractor When Building or Updating a Dental Practice You have now finished the planning stage for building your dental office or renovating your existing structure. You have worked with an architect and the plans are in place. It is now time for you to find and hire a contractor. Do your due diligence and invest some time in identifying several contra...

New Blog Alert! Questions to Ask Your CPA When Buying a Dental Practice

Buying a dental practice is likely the most important professional decision you will ever make. There is a lot more to this decision-making process than looking at the physical environment of the practice.

Your CPA will be the primary professional assisting with the financial due diligence process you must conduct prior to purchasing the dental practice. Your neighbor’s aunt’s father-in-law's second cousin may be a fine general CPA, but you need a skilled dental CPA who works primarily, if not exclusively, with dentists.

https://www.dentalbschool.com/blog/questions-to-ask-your-cpa-when-buying-a-dental-practice

Questions to Ask Your CPA When Buying a Dental Practice Buying a dental practice is likely the most important professional decision you will ever make. There is a lot more to this decision-making process than looking at the physical environment of the practice. You need a dental CPA who knows how to look at the financial statements and interpret the valu...

New blog alert! What Contingencies are Important in a Dental Practice Sale?

Purchasing a dental practice has the potential to be the best thing you have ever done for yourself professionally. Or it could be the most stressful thing which is why we want you to know about which contingencies are important and what they mean.

https://www.dentalbschool.com/blog/what-contingencies-are-important-in-a-dental-practice-sale

What Contingencies are Important in a Dental Practice Sale? Purchasing a dental practice has the potential to be the best thing you have ever done for yourself professionally. Or it could be the most stressful thing which is why we want you to know about which contingencies are important and what they mean.

New Blog Alert! Should You Buy An Existing Dental Practice Or Start One From Scratch?

Whether you're fresh out of dental school or not, there is a big question you need to answer - Should you buy an existing dental practice or start from scratch? There are advantages to each so read this article to figure out which option is best for you.

https://www.dentalbschool.com/blog/should-you-buy-an-existing-dental-practice-or-start-one-from-scratch

Should You Buy An Existing Dental Practice Or Start One From Scratch? You're fresh out of school (or perhaps not so fresh) and ready to start your own dental practice. The first big question you need to answer is, "Should you buy an existing dental practice or start from scratch?" There are several advantages to both options, so ultimately, the decision of whether you...

New Blog Alert!
Selecting Your Advising Team When Buying a Dental Practice

Buying a dental practice doesn't happen in one smooth, easy step. In fact, throughout every step of this process, you need a team of advisors that will help track your needs and ensure that you are making wise financial and legal decisions to protect yourself as you...

https://www.dentalbschool.com/blog/selecting-your-advising-team-when-buying-a-dental-practice

Selecting Your Advising Team When Buying a Dental Practice Buying a dental practice doesn't happen in one smooth, easy step. In fact, throughout every step of this process, you need a team of advisors that will help track your needs and ensure that you are making wise financial and legal decisions to protect yourself as you purchase your practice and learn....

New Blog Alert! Top Questions You Should Ask Yourself When Buying a Dental Practice

Buying a dental practice is one of the most exciting career milestones a dentist will ever achieve. However, failure to proceed with caution can produce devastating financial consequences and hinder your ability to attain your career goals. Before buying a dental practice, you should...

https://www.dentalbschool.com/blog/top-questions-you-should-ask-yourself-when-buying-a-dental-practice

Top Questions You Should Ask Yourself When Buying a Dental Practice Buying a dental practice is one of the most exciting career milestones a dentist will ever achieve. However, failure to proceed with caution can produce devastating financial consequences and hinder your ability to attain your career goals. Before buying a dental practice, you should ensure that the...

New Blog Alert! Buying an Existing Dental Practice vs. Starting a Dental Practice from Scratch

You're fresh out of school (or perhaps not so fresh) and ready to start your own dental practice. The first big question you need to answer is, "Should you buy an existing dental practice or start from scratch?"

There are several advantages to both options, so ultimately, the decision of whether you should buy an existing practice or start from scratch is up to you! Considering the benefits to both sides of the coin will make it easier to make a decision about which style best fits your needs.

https://www.dentalbschool.com/blog/buying-an-existing-dental-practice-vs-starting-a-dental-practice-from-scratch

Buying An Existing Dental Practice Vs. Starting a Dental Practice from Scratch You're fresh out of school (or perhaps not so fresh) and ready to start your own dental practice. The first big question you need to answer is, "Should you buy an existing dental practice or start from scratch?" There are several advantages to both options.

New Blog Alert! How to Pick the Perfect Location for Your New Dental Practice

When you finally are ready to take the big step toward practice ownership, identifying the right location is one of the most impactful decisions, you will ever make, career-wise. The reasons for this are because...



https://www.dentalbschool.com/blog/how-to-pick-the-perfect-location-for-your-new-dental-practice

How to Pick the perfect Location for Your New Dental Practice When you're ready to open a new dental practice, one of the most important aspects of your new business is the location where you'll practice. You want a location that is easy for your new patients to find--ideally one that will do some of your advertising for you, and in an area you want to live in...

New Blog Alert! Legal Due Diligence When Purchasing a Dental Practice

If you are a recent dental school graduate or perhaps an associate dentist working for someone else and are thinking about purchasing a dental practice, you need to...

https://www.dentalbschool.com/blog/legal-due-diligence-when-purchasing-a-dental-practice

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New Blog Alert! What to Consider When Building a Dental Practice from Scratch

Opening your dental practice is an exciting prospect, but it does take work and dedication long before you take your first patient appointment. If you want to be successful, you need to...

https://www.dentalbschool.com/blog/what-to-consider-when-building-a-dental-practice-from-scratch

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