Next Level Consultants Blog
The Art of Due Diligence with Art Wiederman
November 29, 2022
Every step you take when buying a dental practice is important, but one of the most significant happens after you’ve sent your LOI to the seller—due diligence. Art Wiederman, the guest on Episode 14 of the Dental Acquisition Unscripted Podcast, is an expert on this particular subject. He is the Dental Division Director at a CPA firm called Eide Bailly and has over 38 years of experience helping dentists get answers to the most important questions when purchasing. To get a brief overview of everything he and Mike talk about, keep reading. Or, you can listen to the entire podcast right now on YouTube, Spotify, or Apple! (more…)
Tips for Keeping Your Dentistry Practice Profitable Even as Inflation Rises
August 1, 2022
Inflation affects everything and everyone—whether it’s the cost of groceries, the price of filling up your car’s tank, or your rent due at the end of the month, life becomes harder when things become more expensive. If costs that seem to continue creeping higher are starting to make you worry about your well-being and the future of your dental practice, don’t fret. Here are some tips for keeping your practice profitable, even as inflation continues to rise.
10 Ways to Increase the Value of Your Dental Practice
July 26, 2022
Let’s face it—increasing the value of your dental practice isn’t a straightforward or easy task, but certainly one that you’ll want to be working on throughout your career. Here are 10 ways to help you increase the value of your practice so you can set yourself up for long-term financial success and a sweet retirement.
Tips for Maximizing the Value of Your Dental Practice
July 22, 2022
It’s pretty clear that your dental practice is an extremely valuable asset; for many dentists, the value of their practice represents the single largest portion of their nest egg and means for retirement. That said, with a little planning and the proper exit strategy, it’s possible to significantly increase the value of your practice before cashing out and kicking back to relax. Here are some tips to help you out.
3 Steps for Selling Your Dental Practice: Legal, Financial, & Personal
June 7, 2022
If you’re a dentist who’s gearing up to sell your practice, congratulations! This is a big milestone, and hopefully you have something exciting planned for the future to cap off your successful career! That said, selling your practice can still be a bit of a hassle, as there is quite a lot that goes into making it happen! Here are three steps for you to follow to ensure that you cover all of your bases and set yourself up for a successful sale of your dental practice.
The Monetary Advantages & Disadvantages of Selling Your Dental Practice
May 22, 2022
If you’re tempted to sell your practice and retire, you aren’t alone—this is something that most dentists consider at a certain point in their careers, and it’s natural to be a little unsure how to go about it. That said, there are certain financial advantages and disadvantages to selling your practice that you should be aware of before making the move. Keep reading to learn more about a few of them.
Starting a Dental Practice: Helpful Financing Tips & Options
April 22, 2022
Did you know that roughly 77% of dentists own their own practice? Starting and running your own dental practice can be quite exciting; after all, this is something you’ve been working towards for several years! However, you might have a few questions about financing a practice. Keep reading to learn more about some tips and options for supporting your new practice to ensure that you’re set up for long-term success.
8 Helpful Tips for Selling Your Dental Practice
March 1, 2022
There are several factors to consider once you’ve decided to sell your dental practice, regardless of the reason behind your decision. That said, it’s important to ensure that everything is squared away and that you’re ready to make a successful sale! Keep reading to learn more about what goes into selling a dental practice, along with some useful tips for closing the deal.
Buying vs. Starting a Dental Practice
February 19, 2022
You’ve finally finished dental school—congratulations! It’s now time for you to begin changing smiles and lives; but where are you supposed to start? Many new dentists wonder if they should focus on buying an existing practice or opt to start their own from scratch. Both options have the chance for success or failure; but which is the best route to pursue? Keep reading to learn about some tips and considerations for each option so that you’re able to make an informed choice that you feel confident about.
Tips for Successfully Purchasing a Dental Practice
January 19, 2022
If you’re gearing up to purchase a dental practice, you might have questions and concerns about such an endeavor. Fortunately, purchasing a dental practice can be a fairly straightforward process if you have the details figured out and know who to talk with. That said, here are some tips to help you navigate the process and ensure that you and your new practice hit the ground running.