Buyer Articles

The Business Side of Dentistry – Theft and Embezzlement

By Kevin Brady, Practice Transition Advisor Experts estimate that more than 40 percent of dentists are embezzled with an average loss of $50,000. But, because the embezzlers often steal small amounts of money over many years, the thief is never noticed. The US chamber of commerce estimated that 75 percent of employees steal from their workplace and that most do so repeatedly. A majority of...Read More

What You Need to Know Before Signing a Covenant Not To Compete

By Jen Bennett, Practice Transition Advisor You’ve graduated from dental school so naturally, you’re ready to get your feet wet and start seeing patients. Nearly every dentist will be an associate at the beginning of their career and with that comes the dreaded associate contract. You found a great associate opportunity and you’re eager to start collecting paychecks. But before signing that...Read More

Choosing between Buying an Existing Practice Or Doing a New Build

By Corey Young, DDS, MBA Choosing between buying an existing practice and doing a start-up practice can be one of the biggest decisions of your life. Here are four considerations and two suggestions for when you are contemplating. The four considerations: Market Saturation – How many dentists are practicing in the area you are considering? Hardly any? One on every corner? Somewhere in...Read More

Dentist Entrepreneurial Summit 2021

What you receive when you come to the GIG M.BF. Entrepreneurial Mastermind Summit: The GIG M.B.F. Entrepreneurial Summit is designed as a total support system for Dentists/entrepreneurs with their sights set on “sky’s-the-limit” growth and the freedom to create the kind of richly satisfying life they dreamed of when they made the decision to become a dentist. With all the...Read More

When is it Time to Value Your Practice?

By Kevin Brady, Practice Transition Advisor Transitioning the practice is probably one of the biggest decisions a dentist will make in their career. Deciding whether to transition the practice to a partner, associate, a new dentist, or corporate dentistry, you will need a plan and experts to help you make the right decision. 3 to 5 Years Before Retirement Having a financial plan when you are...Read More

Steps to Purchasing a Practice

Happy New Year! Thank goodness 2020 is over and we can start looking forward to 2021. We all hope this is a year of change. We hope to begin getting control of COVID-19 with vaccines and some immunity for those who caught and survived COVID. There will be a change in the Presidency. Hopefully, there will be a change and restaurants can be fully open again. But what about you? Is this the year...Read More

Important Information for Associates

Frank Sciabica, DDS, and broker at OMNI Practice Group offers some words of advice for dental associates. If you have questions, call Frank at 425-985-8390 or email frank@omni-pg.com.  He’d be happy to help! Read More

5 Elements of a Successful Practice Purchase After COVID Emergency Shutdown

What a year it has been.  Dental practices went through a mandatory shutdown for three months or more.  When the practices re-opened, no one knew what to expect.  There were dentists in the middle of purchasing a practice or even doing a startup.  These potential new practice owners knew what they were looking for when there wasn’t a pandemic.  But it is a whole different ball game now.  So,...Read More

Accounts Receivables in a Transition

Buyers and Sellers – One of the things to look out for in a dental transition is Accounts Receivables. What should you be looking for? Megan Urban, Practice Transition Advisor with OMNI Practice Group, will get you started: Read More

Building a Dental Practice FAQ

Steve Kikikis, Healthcare Real Estate Broker, answers 3 of his most frequently asked questions – How long does it take to build out a dental practice, how much does it cost, and how can you save money? Read More