This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
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This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
47. Path to Ownership Buying vs Starting a Practice
Dental Business
40 minutes
5 months ago
47. Path to Ownership Buying vs Starting a Practice
Buying vs. Starting a Dental Practice: Insights and Advice
In this episode of KLAS Solutions Dental Education Podcast, host Phil Cole addresses a common question from dentists: Should you buy an existing practice or start your own from scratch?
Phil explores the pros and cons of both options, sharing real-life examples and key considerations, including patient base, location, financials, active patient count, and staffing. He also highlights the importance of having a strong vision, comprehensive due diligence, marketing strategies, and clean financials when making this significant decision.
Listeners will gain valuable insights to help determine the best path for their dental practice journey.
01:23 Pros and Cons of Buying an Existing Practice
03:09 Key Considerations When Buying a Practice
05:02 Real Stories and Red Flags in Practice Acquisition
15:47 Starting a Dental Practice from Scratch
28:30 Cost Breakdown and Financing Options
31:20 Personality and Fit: Choosing Your Path
37:04 Conclusion and Final Advice
Visit https://klassolutions.com (https://klassolutions.com) for more information on buying or starting a dental practice, to obtain coaching services and more...
Dental Business
This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
