Episode 89: How To Acquire A Dental Practice 101

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As we gear up for some exciting new changes coming to the SYDP podcast, I wanted to share a self-hosted episode I put together discussing everything you need to know about how to acquire a dental practice.

Having talked with dozens of dentists about the process, I think you’ll find this solo episode a great resource if you’re in the process of acquiring your first practice or needing some guidance.

Even if you’ve already had a few acquisitions under your belt, I cover some common mistakes as well.

Many dentists I’ve spoken with equate the acquisition process to having your first child… you won’t know what it’s like until it happens, but being prepared goes a long way.

Here are a few things you’ll discover in today’s episode

  • How To Know When You’re Ready To Acquire A Practice. And When To Hold Off
  • Why Choosing The Right Location Is So Important, And How to Ensure You Choose A “Winning” Location
  • The Best Tips And Tricks For Finding The Perfect Practice On Sale
  • Why Not All Practices Are Created Equal And What To Look For When Buying
  • The Importance of Having A Wide Diversity of Practice Options To Purchase

And much more.

How To Acquire A Dental Practice

Quotes:

“The greatest acquisition opportunities come from personal relationships..” – Jonathan VanHorn

Enter The 4 Books Every Dentist Should Read Giveaway!

We’re excited to announce our very first book giveaway here at Start Your Dental Practice, my way of saying thanks for being a part of the SYDP community! To enter the contest just text ” fourbooks “ to 33444 and you’ll be entered to receive four of my favorite books that I recommend to my clients.

There’s no catch to join and in a few weeks I’ll be picking a subscriber at random and sending the books their way!

Already have a copy of the books? No worries — if you win I’ll send you a $50 dollar gift card instead.

Again, to enter the contest just text ” fourbooks “ to 33444 and you’ll be entered to win! I’ll also immediately send you the list of books in case you can’t wait and want to invest in the books today.

Support The Show

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If you enjoyed today’s episode, please go here to give the show an honest rating and review in iTunes.

This allows me to evolve the show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

Do you need more help tracking your practice's performance?  DentistMetrics specializes in helping dentists worry less about the business side of dentistry by providing timely, action packed advice on how to improve their practice's results. Contact us at jonathan@dentistmetrics.com, click here, or visit us at any of the social sites we frequent to schedule a consultation!
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  • Hey Jonathan, another great episode, thanks. Do you have any valuation spreadsheets that you would be willing to share? I’m looking for something we can use to properly value a practice from the buyer perspective. We’re starting to see prices increase and selling Dentists asking for more $$$, so we want to have a good tool for creating our own valuation and not just use what we get from the broker working on behalf of the seller. If you have anything you’d be willing to share I would really appreciate it. Thanks!