Buying a practice is a transaction that many Dentists will experience in their careers. This is one transaction when you want to get it right the first time!
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Running time: 58:01In this Thriving Dentist Show, Gary invited his friend Rob Montgomery as a Guest to share what he has learned in over 23 years of experience successfully guiding Dentists in Practice Transitions.
In this Show, Gary and Rob discuss;
- How the transitions market has radically changed over the past 20 years,
- the most common mistakes Dentists make when buying a practice,
- why every buyer should be more interested in a ‘cash flow analysis’ rather than the purchase price,
- how to correctly conduct due diligence (and bad or wrong due diligence),
- the most important things to get right when buying a practice,
- your ‘Go To’ Team of advisors when buying a practice,
- how to avoid the most common Office Lease mistakes
- and why a bad Lease can be a deal breaker.
Throughout this interview, Rob shares great advice to make buying a practice a positive experience!
Links for ‘Top Clinical Tips; with Dr. Lee Ann Brady:
Lee’s website:
http://www.leeannbrady.com
Restorative Nation Website:
http://www.restorativenation.com
Rob’s website:
http://www.yourdentallawyer.com
Link to The Dental Amigos website:
https://thedentalamigos.com/ce-seminars/
NOTE: A digital version of the September 21-22 Course presented by Dr. Pasquale Venuti in available on the dental amigos website. Pasquale Venuti is AMAZING!
Gary Takacs
As a dental practice coach, Gary provides guidance for dental professionals on how to create a healthier practice style that lets them deliver excellent patient care while reducing depending on insurance.
More importantly, Gary’s insights are not just based on theory – as a co-owner of a dental practice, he has first-hand experience in making this transformation from a high-volume and low-fee insurance model to a fee-for-service approach that is more sustainable and promotes a patient-centric and financially healthy dental practice, and he is dedicated to sharing this knowledge with other dental practitioners via the popular Thriving Dentist Show!