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Navigating DSO Partnerships: What Late-Career Dentists Should Know
For many dentists nearing retirement, affiliating with a Dental Support Organization (DSO) can feel like a perfect solution. They offer financial security, operational relief, and a clear path to your next chapter.
Understanding COGS in a Dental Practice: A Guide to Managing Costs of Goods Sold
In any dental practice, maintaining a healthy profit margin depends on controlling operational expenses, including the often-overlooked Cost of Goods Sold (COGS). Understanding and managing COGS is crucial for long-term financial health, as it directly impacts profitability.
But my practice has so much potential!
Valuing professional practices like those of veterinarians and dentists can be complex. Unlike tech startups, these practices are usually assessed based on historical financial performance rather than future potential. This conservative approach is due to their nature, risk profiles, and specific valuation metrics. In this article, we'll explore why buyers often prioritize past financial performance over potential growth for veterinary and dental practices.
The DSO Decision: Strategic Considerations for Selling Your Dental Practice
If you're reading this, chances are you're nearing retirement and contemplating selling your dental practice. First, congratulations on reaching this significant career milestone.
Nearing Retirement: Dental
If you're reading this, chances are you're nearing retirement and contemplating selling your dental practice. First, congratulations on reaching this significant career milestone.
Challenges of Selling a Dental Practice
Whether you're dreaming of owning a dental practice or considering selling your dental business, you're embarking on a unique journey. Unlike any other business, dental practices come…
Challenges of Selling a Veterinary Hospital
Are you a passionate veterinarian considering selling your veterinary hospital? Perhaps retirement beckons, or you're ready to embark on a new adventure. While the prospect of selling…