Build vs. Buy: A Dentist’s Guide to Owning a Practice
Fazel Mostashari Blog
by Fazel Mostashari
2d ago
For many dentists, opening their own practice represents the ultimate achievement in their career. But this path comes with a significant decision: should you build a practice from the ground up or buy an existing one? As a dental CPA, my primary responsibility is to be transparent with my clients. That’s why I always present both advantages and disadvantages of the options. The right choice will depend on the dentist’s goals, personality, and resources.  Starting a Dental Practice from Scratch While entrepreneurship offers opportunities for financial independence and professional fulfill ..read more
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Financial Planning for Dental Startups: Insights from a Dental CPA
Fazel Mostashari Blog
by Fazel Mostashari
1w ago
You’ve earned your dental degree and improved your skills, and now you’re brimming with the ambition to launch your own practice. This is an exciting time, but it also requires careful planning. Transitioning from clinician to entrepreneur introduces a whole new set of financial considerations. As a dental CPA who has seen countless startups navigate these waters, I’d like to offer some insights that can help ensure your dream practice gets off to a smooth and successful start. Budgeting: The Foundation of Your Financial Plan Before you begin purchasing equipment and renovating your office, it ..read more
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10 Growth Strategies for Dental Practices
Fazel Mostashari Blog
by Amin Nassiri
1w ago
As a seasoned Dental CPA, I’ve had the privilege of working closely with various dental practices, helping them scale their productivity through diverse growth strategies. By leveraging my expertise and experience, I have witnessed firsthand the transformative impact that proper financial management, streamlined operations, and investment in marketing can have on a dental practice’s success. We know that, in the dental industry, sustainable growth is a result of strategic planning and an understanding of current market trends. But how can you combine those actions to actually grow your practic ..read more
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Preparing for Change: Strategies for a Successful Dental Practice Transition
Fazel Mostashari Blog
by Fazel Mostashari
3w ago
Are you a dentist considering the next phase of your career? Whether you’re approaching retirement or seeking a new professional direction, transitioning your dental practice is a significant step that requires careful planning. Knowing when to start the process can greatly impact its success. Given the importance of this topic, in this blog post, we’ll explore crucial considerations and steps for a seamless dental practice transition. Early Preparation Yields Better Results Planning your dental practice transition isn’t something that should be rushed. It involves multifaceted considerations ..read more
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Demystifying EBITDA: A Comprehensive Guide for Dentists
Fazel Mostashari Blog
by Fazel Mostashari
3w ago
As a seasoned dental CPA dedicated to steering your practice toward prosperity, I’m here to demystify a crucial financial metric: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Understanding this metric is pivotal for dentists aiming to enhance their economic prowess, and I’ll explain why. Recognizing the worth of a dental practice isn’t just crucial for those eyeing a transition; it’s equally vital for dentists aiming to build retirement wealth. Every dental practice owner needs a grasp of the genuine earnings linked to what often stands as their primary investment ..read more
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Creating a Winning Marketing Plan for Your Dental Practice
Fazel Mostashari Blog
by Fazel Mostashari
1M ago
Many dentists express the desire to enhance their marketing efforts but often feel lost about where to start. I know diving into marketing, including content marketing, social media strategies, PPC, and other types of advertising, can be scary, especially if you’re a brand-new dental practice. The good news is you don’t have to take care of everything by guessing which strategies work and which of them don’t. Before jumping into things, it’s important to take a step back to ensure that your marketing plan is built on a strong basis that will result in better long-term performance. That’s why I ..read more
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Your Complete Guide to Buying a Dental Practice
Fazel Mostashari Blog
by Fazel Mostashari
1M ago
Are you considering buying an existing dental practice? The journey to owning a practice is exciting and challenging, with many complex aspects that require careful consideration. In this guide, we’re thrilled to provide you with all the information and techniques you need to embark on this journey with confidence and effectively achieve your goals. Let’s start by asking ourselves a basic question: Is it really worth pursuing an acquisition? Buying an established practice comes with many advantages. You’ll get a loyal patient base and experienced staff, which can lead to immediate profitabilit ..read more
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How to Create a Long-term Business Plan for Your Dental Practice
Fazel Mostashari Blog
by Fazel Mostashari
1M ago
As a Dental CPA, I understand the heartbeat of your practice goes beyond delivering impeccable smiles—it’s about building a sustainable legacy. Crafting a long-term dental business plan is more than a roadmap; it’s the compass guiding your practice to success. By formulating a plan, businesses can concentrate on actionable steps to materialize their short-term and long-term goals. Consequently, business plans are invaluable strategic instruments that all enterprises should meticulously shape, including dental practice owners. In this blog post, I’ll explore the essence of a robust long-term bu ..read more
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Cash Management Tools for Dental Practices: Software and Apps to Consider
Fazel Mostashari Blog
by Fazel Mostashari
1M ago
Managing the finances of a dental practice can be as complex as performing a root canal. But just as technology has transformed dentistry, it’s revolutionizing financial management, too. Dental CPAs are well aware of the challenges in cash flow tracking and management. Thankfully, a slew of software and apps exists specifically designed to alleviate these burdens, streamlining financial processes and providing valuable insights. In this blog post, we’ll explore some noteworthy cash management tools tailored for dental practices, their unique features, and the benefits they offer. Dentrix Asce ..read more
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Dental Accounting Dynamics: 10 Emerging Industry Trends
Fazel Mostashari Blog
by Fazel Mostashari
1M ago
In the world of dental accounting, change is not just a constant; it’s an accelerator propelling the industry into a new era of innovation and adaptation. From the advent of cloud-based technologies to the strategic integration of data analytics, the landscape of dental accounting is undergoing a seismic shift. To help dental practices stay in the loop, we’ll explore ten transformative trends that are not just redefining the industry but also reshaping the financial horizons for dental professionals and accounting firms in 2024. Cloud-Based Accounting Solutions: The adoption of cloud-based ac ..read more
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