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The Simple Guide to Selling Your Dental Practice for More Money

The Simple Guide to Selling Your Dental Practice for More Money
Author: Manfred Purtzki
Publisher:
Total Pages: 106
Release: 2021-09-21
Genre:
ISBN: 9781777828707

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Do you want to sell your dental practice for more money than you ever thought possible? If you thought, "yes, of course," then The Simple Guide to Selling Your Practice for More Money is for you. Your dental practice transition can unlock the potential of one of your greatest assets, and can mean the difference between an okay retirement, and one that is everything you ever dreamed of. The Simple Guide is packed full of practical advice, money-making tips to boost revenue, and enough horror stories to make you sit up and pay attention. With tips for every stage of your career, this guide is an invaluable resource-because the most successful transition starts long before you put a price on your practice. In this book, you'll learn: How to maximize selling price by maximizing revenue How to choose the right transition model How to negotiate the best sale price and most favorable terms and more... It's never too late to use the advice in this guide to plan the sale of your dental practice, and it's never too early, either. You've worked hard for the practice you've built, now's the time to make sure it works for you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.


The Simple Guide to Buying a Dental Practice & Getting a Great Deal

The Simple Guide to Buying a Dental Practice & Getting a Great Deal
Author: Manfred Purtzki
Publisher:
Total Pages: 114
Release: 2022-04-18
Genre:
ISBN: 9781777828721

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Have you been thinking about buying your own dental practice, but are worried about getting a great deal? For the entrepreneurial dentists who are planning this career move, The Simple Guide to Buying a Dental Practice & Getting a Great Deal is here to guide you to success. Purchasing your own dental practice will have a profound impact on your career, so you need to do the thinking and planning necessary to make sure it is a positive impact. This guide will walk you through the steps, from first daydreaming about being the owner of your own practice, to finalizing the purchase and walking into the next phase of your career. In The Simple Guide, you'll learn: What is a realistic goal to set for your practice purchase How to find purchase opportunities How to negotiate the best sale price and most favorable terms and more... If done right, the move to practice ownership can set you up for career and financial success, so the steps in this book are designed to make sure of that. Don't set off on this path alone-take a guide with you. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.


Dental Practice Transitions Handbook

Dental Practice Transitions Handbook
Author: H. M. Smith
Publisher: Wheatmark, Inc.
Total Pages: 189
Release: 2010-12
Genre: Business & Economics
ISBN: 1604945265

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Any professional practice transition activity--whether buying, selling, or associating--is one of the most important events that will happen in your professional career. Making a mistake in the process can have long-lasting effects on any or all of the parties to a transition. Dental Practice Transitions Handbook will provide you with the answers to basic questions when considering any transition. It is not intended to replace the experts, brokers, consultants, attorneys, accountants, and financial advisors that should be consulted as you proceed through a transition, but it should give you an understanding of the process, what to expect, and a starting point from which to begin your journey. About the Author H. M. Smith has earned a masters in business administration and is founder of Professional Transitions, a dental practice transitions consulting firm. He has been involved in dentistry for over thirty-five years and is currently the director of Transition Strategies at the Pride Institute. He has lectured at the University of Florida and Nova Southeastern University, and has presented a practice management course on transition strategies to the University of the Pacific, Marquette, and Indiana University dental schools. Mr. Smith is past president of the ADS (American Dental Sales), a member of the Practice Valuation Study Group, and a member of the Institute of Business Appraisers. He has also written numerous articles for Dental Economics on transition subjects and issues. Endorsements "If you now or ever will own, sell, or work in a dental practice this book is a must read. Hy's decades of experience in creating WIN-WIN-WIN (seller-buyer-patients) transactions is yours in a clear, concise, and entertaining account. Wherever you are in your career, the tools to create your ideal future lie within these pages." Gary M. DeWood, DDS, MS, Executive VP, Spear Education "In my long experience of working with dentists at every phase of their professional careers, I have found that finding values-driven WIN-WIN advice in transitions to be difficult and frustrating. At the Pride Institute, we trust Hy Smith's integrity and expertise! Dentists deserve good, fair information and counsel that supports their transition choices. This book delivers." Amy Morgan, CEO, The Pride Institute "No one knows more about buying or selling a professional practice than Hy Smith. My own transaction benefited greatly from his knowledge and thirty years of experience. I can't imagine anyone buying or selling without consulting this book first." Gerardo Santiago, DDS "Buying or selling a practice is full of pitfalls. Trying to do so without the help of a consummate professional like Hy Smith is a folly. My own experience couldn't have been better, thanks to his firm. I would urge any professional to read this book and consult with Hy Smith before taking action." Ron Gillenwaters, DDS


The Simple Guide to Starting a Dental Practice and Getting it Right the First Time

The Simple Guide to Starting a Dental Practice and Getting it Right the First Time
Author: Manfred Purtzki
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN: 9781777828745

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Are you thinking about starting your own dental practice and want to get it right the first time? For the enterprising dentist The Simple Guide to Starting a Dental Practice and Getting it Right the First Time is an invaluable resource. Starting a practice from scratch in today's competitive market can be a scary proposition, but The Simple Guide will walk you through the steps to turn your dream into a reality. With practical advice for every step along the way, to-do lists and templates, this guide can help you ensure that your practice is set up for long-term success. In this book, you'll learn: How to find the ideal location with patients that are perfect for your practice How to build a comprehensive business plan and arrange financing How to design and staff your new practice and more...  Preparation is key for a successful practice start-up. The work you do now will lay the foundation of your practice, and with the advice in this guide, you can make sure that foundation is one that will lead to long-term career and financial success. Manfred Purtzki is a CPA and dental practice transitions specialist with more than forty years' experience assisting dentists. He has been a contributor to the Just for Dentists newsletter (now a blog) since 1989 and is the author of several publications focusing on buying and selling dental practices. He is a popular speaker at dental conferences. Manfred launched Purtzki Transitions, a full-service practice transition and valuation firm in 1992.


Dental Marketing Hacks

Dental Marketing Hacks
Author: Alex Wong
Publisher: Alex Wong Publishing
Total Pages: 76
Release:
Genre: Medical
ISBN:

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★★★Discover how you can kickstart your dental practice in 90 days or less!★★★ Are you a dentist, and you're struggling to get your business off the ground? Are you searching for the best ways to boost your client base, improve your profits, and market your dental clinic like a pro? Interested in learning from a seasoned dental marketing expert? Dentistry is an essential service, but far too many dentists struggle to get their clinics off the ground and stand out from the crowd. With ever-growing competition and new websites appearing left and right, how can you build an unforgettable online presence and master the art of dental advertising? Now, join best-selling author and dental marketing expert Alex Wong as he reveals the best ways to kickstart your dental business and start seeing results. As the head copywriter for a dental marketing agency for three years, Alex knows exactly what it takes to gain exposure and get your business off the ground. Inside this guide, you'll discover a powerful 90-day plan for identifying your target market, creating a killer dental marketing plan, building your online presence, and then scaling your business to the stars! Written in a concise, easy-to-digest way, you can follow along even if you're a complete beginner to the world of marketing. Plus, with a collection of simple action plans and worksheets to instantly kickstart your marketing skills, now you can build your dream dental practice in no time. Here's just a little of what you'll find inside: ☑ The Secret To Identifying Your Target Audience ☑ How To Create a Powerful USP and Define Your Dental Business Goals ☑ Simple Ways To Develop Your Lead Magnet and Build Your Online Presence (Even If You're Not a Tech-y Person) ☑ Top Tips For Writing Emails That Sell ☑ Practical Ways To Build Your Dental Website For Less Than $200! ☑ The Essential Differences Between Advertising and Marketing (and Why They Matter) ☑ Surprisingly Effective Advertising Strategies ☑ And Much More! So if you're stuck struggling to get your dental practice off the ground, or if you want to drive more clients to your clinic and master the art of online dental marketing, then Dental Marketing Hacks is for you. Discover from the expert how to define your goals, write emails that sell, and build an unforgettable online presence! ★Scroll up and buy now to kickstart your online dental marketing campaign today!★


Dentist to Dealmaker

Dentist to Dealmaker
Author: Nate Williams
Publisher: Bookbaby
Total Pages: 176
Release: 2020-08-22
Genre:
ISBN: 9781098313463

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I have worked as a dental Certified Public Accountant (CPA) and financial advisor since 2007. And for the past 12 years, working almost exclusively with owners of dental practices, I've invested far more than Malcolm Gladwell's required 10,000 hours into this profession (see "Outliers,"Malcolm Gladwell). More importantly, as a CPA, I see the world differently than the average person. For example, when you notice the cars other people drive, the houses they live in, the vacations they take, or the number of practices they own, you probably create an assumption of how well someone is doing financially. When I look at these things, I immediately think about the complexities of their tax returns and personal financial statements - and because I may actually be the one to prepare those tax returns, I'll know how well they're doing. Recently, a friend commented to me after returning from a trip to Orange County, CA, "Everyone down there has so much money; I saw so many Porsches and BMWs and Mercedes..." Like the rest of us, this friend has been conditioned to believe that if someone spends a lot of money, they must have a lot of money. This assumption, as I've learned from my insider position as a CPA, is flawed. The assumption that high spending equals "doing well financially" is like assuming that the guy who orders the Triple Bacon Cheeseburger must have a six pack! As a CPA and financial advisor, I have learned that the doctors who are doing well financially are those who have money in the bank, have financial peace of mind, and ultimately own assets that generate enough passive income to replace the income they earn by working in their practice. Over the last decade, I've studied success and failure alike. I've looked for and found patterns and behaviors and personalities and practices that lead to wealth; and I've found the same that lead to the prolonged indentured servitude so many doctors unfortunately experience. With a seasoned history of working with dental practice owners (or aspiring ones) like you, I've written this book in hopes it will provide you with everything you need to know about how to buy a dental practice that will carry you into what we call Financial Independence: the moment when you're free of debt and have enough passive income to pay for your current and future lifestyle.


Dental Practice Hacks

Dental Practice Hacks
Author: Alex Wong
Publisher: Alex Wong Publishing
Total Pages: 226
Release:
Genre: Medical
ISBN:

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Master the world of dental marketing with this cutting-edge collection! Do you want to discover the best strategies for kickstarting your dental marketing efforts? Looking for ways to build your client base, attract new patients, and master the online sphere? Want to learn first-hand from an expert copywriter and experienced dentist? Then this bundle is for you! Inside this brilliant 3-in-1 book collection, you'll join best-selling author and dental marketing expert Alex Wong as he shares his years of dental marketing expertise. Breaking down the principal strategies for creating an unforgettable online presence, driving traffic with a top-notch website, and writing viral blog content, this bundle is perfect for any orthodontist, endodontist, periodontist, or anyone in the oral health field looking to expand their dental clinic and build their business. Inside Dental Marketing Hacks, you'll uncover a powerful formula for mastering the art of online dental marketing, including: ✔ The Secret To Identifying Your Perfect Target Audience ✔ Step-By-Step Instructions For Building Your Online Presence (Even If You're Not a Tech-Y Person) ✔ Practical Ways To Get Your Dental Website Off The Ground For Less Than $200! ✔ Top Tips For Writing Emails That Sell ✔ And Ingenious Advertising Strategies To Kickstart Your Dental Practice! Inside Dental Copywriting Hacks, you'll find a complete blueprint for crafting engaging, effective content to help you stand out from the crowd, including: ✔ How To Build Your "Action Plan" and Position Yourself In The Market ✔ Surprisingly Simple Ways To Create Your Homepage, Team Page, Contact Page and More ✔ How To Do Keyword Research Like a Pro ✔ Proven Copywriting Techniques To Hook Readers and Demonstrate Your Expertise ✔ And Much More... And inside Blogging Hacks For Dentistry, you'll learn the essential steps for creating viral, must-read blog content to find more patients and grow your practice, including: ✔ Tips and Tricks For Finding - and Engaging With - Your Target Readership ✔ Simple Ways To Generate an Entire Year's Worth of Topics (So You Can Focus Less On Brainstorming and More On Dentistry) ✔ The Secret To Creating Attention-Grabbing Headlines ✔ Easy-To-Use Tools For Creating Profitable Keywords ✔ And How To Make Optimized, Shareable, and Viral Dental Blog Content! Whether you're setting up your brand-new dental office for the first time, or if you're a seasoned professional looking to expand your skillsets and find more patients, the ingenious lessons inside this bundle are specially designed to help you master your online presence, create compelling blog content, and build an unforgettable website. Ready to supercharge your dental practice? Scroll up and buy now to get started!


How to Buy a Dental Practice

How to Buy a Dental Practice
Author: Brian D. Hanks
Publisher: Createspace Independent Publishing Platform
Total Pages: 128
Release: 2017-02-23
Genre:
ISBN: 9781544112114

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If you're thinking about buying a dental practice, you must read this book. Thousands of dentists go through the process of buying a dental practice every year. Did they choose a good practice? Did they buy at the right price? Did they buy at the right time? The stakes are high to get the RIGHT answers to those questions. Buy the wrong practice and you're looking at stress, money worries, angry staff and patients, and a frustrated family that doesn't see you as much as they'd like. Buy the right practice, like many do, and you have the foundation upon which to thrive - happy, relaxed, wealthy and positively impacting the lives of patients and living the life of your dreams. Unfortunately, the process of how to buy a dental practice remains a black box for the majority of buyers. Advice, tips and information are spread across magazines, blogs, online forums and podcasts with no easy way to tell the good advice from the bad. Until now. How to Buy a Dental Practice walks buyers step-by-step through the process of finding, analyzing, and purchasing a great dental practice. In this book you'll find answers to questions like: - How do I find a good practice? - How do I choose a good accountant and attorney? - How can I tell a good practice from a bad one? - When is the right time to sign a letter of intent? - What can I negotiate besides price? - How do I get a bank loan? - What do I do after I find a practice to buy? After reading this book, you will be armed with the specific knowledge and checklists to find, analyze and purchase the right practice for you.


The Win-Win Outcome

The Win-Win Outcome
Author: Bernie Stoltz
Publisher:
Total Pages: 124
Release: 2018-10-31
Genre:
ISBN: 9781732857391

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The profession of dentistry has changed enormously. From the heyday of single practitioners working four days a week, corporate dentistry now provides consumers with more convenient hours, better locations, and care that's covered by insurance. Today, the easiest hygiene appointments to sell in metro areas are between 6:00 p.m. and 9:00 p.m. Consumer demand has changed, and private practitioners who don't evolve to meet this new demand will see their profits continue to erode. The solo model no longer works if dentists want to compete with corporate shops. In The Win-Win Outcome: The Deal Maker's Guide to Buying and Selling Dental Practices. Mark Murphy and Bernie Stoltz explain that the future of dentistry is to practice in groups. With a combined half century of experience, the authors believe that where the profession is heading offers enormous opportunity for dentists-to run better practices, lead better lives, and create lasting wealth. The Win-Win Outcome shows you how. Private doctors can merge into a more efficient business model without giving up their private-practitioner status or the opportunity to build equity in a practice. Borrowing strategies from the corporate model-such as extended hours, modern technology, and multiple specialists under one roof-private practitioners have the tools to outperform their corporate competition. By forming group practices through mergers and acquisitions, entrepreneurial dentists can produce fantastic dentistry for the consumer and create multi-generational wealth for themselves. Associate, mid-career, and late-career doctors can all benefit. In this new era of dentistry, The Win-Win Outcome demonstrates that there is no better way for a dentist to create lasting wealth than to merge his or her practice with another.