So, you’ve decided to open your own dental practice—congratulations! This is an exciting step in your professional journey, but before you start picking out furniture and scheduling equipment deliveries, there’s a crucial step you can’t skip: legal due diligence. Due diligence is essentially a deep analysis of the legal and financial health of your new dental practice. You’ll want to ensure that all the necessary permits and licenses are in place and that the practice is compliant with local and federal regulations. This involves thoroughly reviewing contracts, leases, and any potential liabil ..read more

When you start your dental practice, you get overwhelmed by the feeling that you can do anything. You envision a space where you can follow your career, build meaningful relationships with patients, and be your own boss. However, the initial thrill of launching a new business can quickly fade with the harsh realities of legalese, regulations, and financial complexities. Studies show that a significant portion of dental startups struggle in their early years. A 2023 report by CB Insights revealed that a staggering 90% of startups fail. Within the dental industry specifically, a 2022 survey by t ..read more

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

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 financial independence and professional fulfillment opportunities, star ..read more

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

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

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

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

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

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