Articles

expensive car

Quality at What Cost?

March 10, 2015

To those of you living in states that had the public holiday yesterday, I hope it was a good one. To those who didn’t, your time will come. The article today covers quality, whether it is cars, clothes, service or

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children

What do we want from our Children’s Education?

March 6, 2015

A bit left field for a Monday but I was privileged to attend the Better Business Summit in Melbourne this year and a presentation given by Matt Church. As I listened intently I remembered back to my wife and I

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DPS newsletter article 3

Why Use an Industry Specialist Business Broker?

March 2, 2015

When we first opened Dental Prac Sales one of my lines was, ‘We don’t sell pizza shops or cafes’, which I thought was a good lead in but generally received quite blank responses. As I soon realized, it was assumed

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shake hand

SHOULD I SELL MY DENTAL PRACTICE TO A CORPORATE? PART 2

February 2, 2015

We are in a golden period for selling dental practices of all sizes, especially ones that are a prime takeover target from a corporate entity, but it takes a bit of planning on your part. If you are aiming to

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selling dps to corporate

SHOULD I SELL MY DENTAL PRACTICE TO A CORPORATE? PART 1

So you’ve built your practice or multiple practices up over a number of years. Your turnover is in the millions and EBITDA is $500K, $1M, $2M+. You’ve got debt but who hasn’t? Have you got a plan for what you

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dentalpracsales

IS NOW A GOOD TIME TO SELL MY DENTAL PRACTICE?

Well, the simple answer to that is “YES!” There’s a saying in real estate which goes along the lines of, ‘The best time to buy property was 10 years ago, the second best time is now.’ Switch that around and

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Young doctor at medical office

Finding the Right Buyer for Your Practice

October 30, 2014

“Beauty is in the eye of the holder” and so it is with the perception of the value of a dental practice. The right buyer will understand that the real value of a practice is in the long-term income opportunity

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Group of dentists and their assistants looking at camera.

So Your Associate Wants ‘YOUR’ Practice (and the importance of written agreements)

October 29, 2014

Years ago, you decided it was time to “take in an associate”. You interviewed a few candidates and before long you met the ideal associate for your practice. Of course, you didn’t know whether or not “things would work out”,

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shutterstock-child-at-dentist

The Changing Face of Dentistry

October 16, 2014

I came home the other night to my wife saying how great the new dentist was that she took our children to, who are 7 and 5 years old. He was so friendly, she said, and had a great manner

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dental

Taking the Worry Out of Buying a Dental Practice

If you are considering buying a dental practice, keep in mind the following thoughts and suggestions as you proceed: 1. Practice in an area where you can make a good living. Make a logical decision that is economically sound, not emotionally

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