Buying a Dental Practice: Key Tips

Many dentists dream of owning their own practice. They want to work where they want, control their own future, and the freedom that comes from being their own boss. Oftentimes the best path to dentistry practice ownership is through buying a preexisting practice. For dentists, who are trained medical professionals not business people, purchasing a practice can seem overwhelming. It does not have to be.

The key to a successful dental practice purchase, is to break the process into steps. The three main steps are:

1) Find a practice for sale

2) Scrutinize that practice’s financials and operations

3) Financially plan and prepare for practice ownership

 

 

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