Young dentists are faced with some of the most important decisions in their careers right out of school, and yet most of the advice out there is geared towards retiring dentists. We’re here to change that. NextGenDDS focuses on providing clarity and actionable advice to young dentists. Join your hosts, Wes Lyon and Dr. Scott Menaker, as they guide young dentists on both the financial and clinical aspects of dentistry.
About Us
For over 40 years, their team has helped dentists exceed their goals through tax planning, financial planning, financial consulting, practice transitions, wealth management, legal services, and continuing education events, by providing objective and sound advice to doctors in every career stage.
The group also publishes The McGill Advisory, a dental business publication offering valuable insights for all dentists. The McGill Advisory provides strategies and advice to help minimize federal and state income taxes, maximize practice profits, reduce overhead expenses, and create and protect your wealth. Membership includes monthly issues, searchable archives, special reports and bulletins, Q&As, financial calculators, forms, guides, letters, and more!
Host Biographies
Wesley W. Lyon, II, CPA, CFP®
Wes is the managing partner of the McGill & Hill Group, overseeing the financial consulting and wealth management businesses, and serving as co-editor of The McGill Advisory. He is a highly sought after speaker making regular appearances at industry events, study clubs, podcasts, and McGill & Hill Group seminars.
Scott Menaker, DDS
Dr. Scott Menaker enjoyed a successful 38-year career as a practicing dentist, before transitioning to pursue his passion of helping young dentists succeed. Scott now works as a buyer representative, helping young dentists purchase practices and avoid the pitfalls of a failed transition.
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Young dentists are faced with some of the most important decisions in their careers right out of school, and yet most of the advice out there is geared towards retiring dentists. We’re here to change that. NextGenDDS focuses on providing clarity and actionable advice to young dentists. Join your hosts, Wes Lyon and Dr. Scott Menaker, as they guide young dentists on both the financial and clinical aspects of dentistry.
About Us
For over 40 years, their team has helped dentists exceed their goals through tax planning, financial planning, financial consulting, practice transitions, wealth management, legal services, and continuing education events, by providing objective and sound advice to doctors in every career stage.
The group also publishes The McGill Advisory, a dental business publication offering valuable insights for all dentists. The McGill Advisory provides strategies and advice to help minimize federal and state income taxes, maximize practice profits, reduce overhead expenses, and create and protect your wealth. Membership includes monthly issues, searchable archives, special reports and bulletins, Q&As, financial calculators, forms, guides, letters, and more!
Host Biographies
Wesley W. Lyon, II, CPA, CFP®
Wes is the managing partner of the McGill & Hill Group, overseeing the financial consulting and wealth management businesses, and serving as co-editor of The McGill Advisory. He is a highly sought after speaker making regular appearances at industry events, study clubs, podcasts, and McGill & Hill Group seminars.
Scott Menaker, DDS
Dr. Scott Menaker enjoyed a successful 38-year career as a practicing dentist, before transitioning to pursue his passion of helping young dentists succeed. Scott now works as a buyer representative, helping young dentists purchase practices and avoid the pitfalls of a failed transition.
On this episode of NextGenDDS, hosts Wes Lyon and Dr. Scott Menaker discuss the importance of representation in dental practice transactions. Wes voices his concerns over the rise in dual representation during practice sales, which often compromises the interests of young buyers. They stress the importance of having independent representation and share insights from Dr. Menaker’s extensive experience in the industry to underscore the need for thorough due diligence. This episode covers essential topics such as evaluating financial statements, understanding hidden costs, and the significance of having individual representation in partnership agreements to prevent overpayment and operational shock. Dr. Menaker shares a poignant story of a colleague's unfortunate experience due to lack of representation, reinforcing the emotional and financial implications of poor decision-making in dental transactions. Both hosts advocate for new dentists to seek reputable advisors committed to safeguarding their interests, emphasizing that investing in expert guidance can lead to long-term savings and stability.Want to submit a question that Wes and Scott will answer on the next episode? Submit them here (https://www.mcgillhillgroup.com/Contact/Form) or email us at newsletter@mcgillhillgroup.com.If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership here (https://www.mcgillhillgroup.com/StudentMembership).Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.
Next Gen DDS
Young dentists are faced with some of the most important decisions in their careers right out of school, and yet most of the advice out there is geared towards retiring dentists. We’re here to change that. NextGenDDS focuses on providing clarity and actionable advice to young dentists. Join your hosts, Wes Lyon and Dr. Scott Menaker, as they guide young dentists on both the financial and clinical aspects of dentistry.
About Us
For over 40 years, their team has helped dentists exceed their goals through tax planning, financial planning, financial consulting, practice transitions, wealth management, legal services, and continuing education events, by providing objective and sound advice to doctors in every career stage.
The group also publishes The McGill Advisory, a dental business publication offering valuable insights for all dentists. The McGill Advisory provides strategies and advice to help minimize federal and state income taxes, maximize practice profits, reduce overhead expenses, and create and protect your wealth. Membership includes monthly issues, searchable archives, special reports and bulletins, Q&As, financial calculators, forms, guides, letters, and more!
Host Biographies
Wesley W. Lyon, II, CPA, CFP®
Wes is the managing partner of the McGill & Hill Group, overseeing the financial consulting and wealth management businesses, and serving as co-editor of The McGill Advisory. He is a highly sought after speaker making regular appearances at industry events, study clubs, podcasts, and McGill & Hill Group seminars.
Scott Menaker, DDS
Dr. Scott Menaker enjoyed a successful 38-year career as a practicing dentist, before transitioning to pursue his passion of helping young dentists succeed. Scott now works as a buyer representative, helping young dentists purchase practices and avoid the pitfalls of a failed transition.
