Next Level Consultants Blog

If you’ve always pictured yourself as the owner of your own practice, your dream might seem far off in the distance; especially if you’re neck-deep in student debt and have no idea where to start! But there’s no reason to panic, as your dream can still be made into reality—and perhaps much sooner than you think! Keep reading to learn more about five financial must-do’s to consider before purchasing your first dental practice so that you’re set up for long-term success.

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When it comes to buying a dental practice, everyone usually wants the deal to close as quickly as possible, whether you’re the seller or the buyer. A common phrase said in business circles is time kills deals. Something that is often overlooked, in dentistry and beyond, is putting together a proper purchase and sales agreement. After all the initial steps of negotiating, many buyers and sellers simply don’t have the will to construct and parse out another complicated document, especially right at the end of a deal. But, in reality, it is one of the most important protections you as a buyer can utilize. (more…)

Pretty much everyone is tired of thinking about COVID-19, but if you’re considering buying a dental practice, then it is definitely a factor you shouldn’t overlook. It has had a notable effect on how banks are giving out loans, and by knowing how things have changed, you can ensure you get the money you need quickly and without hassle. What is different now? Find out what you need to know in today’s blog. (more…)

Needless to say, the COVID-19 pandemic has affected just about every aspect of people’s lives, and the dental world is no exception. When it comes to buying a dental practice, things are different now, and being aware of what has changed will make your life significantly easier if you’re thinking about becoming an owner. How has COVID changed the way people buy dental practices? We’ve narrowed it down to the three biggest shifts that have occurred in the last year and a half. (more…)

Unless you have a particularly rich and generous uncle, chances are that you’re going to need a loan in order to buy a dental practice. While banks are being a little more stringent these days due to COVID woes, they are lending, and knowing a few things ahead of time can help make the process of getting the funding you need (relatively) headache-free. Here are 3 tips to secure funding for buying a dental practice. (more…)

Needless to say, buying a dental practice is complicated. Our mission at Next Level Consultants is to make it as easy as possible, which we do by giving prospective buyers access to a team of experts who have worked with hundreds of dentists and successfully purchased countless practices. While there is certainly a lot to consider, here are 5 of the most important things to keep in mind when buying a dental practice. (more…)

After you decide to start a new dental practice, there are a million questions to answer. A big one is, “Am I going to buy an existing practice or do a new build?” Regardless of what you choose, you will most likely find yourself speaking to a contractor in the near future. To help make the startup process as smooth and easy as possible, here are the 12 questions you definitely need to ask your contractor before deciding to work with them.

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Hello friends and clients!

The end of March is here and we welcome it. I hope all of you are on pace with your goals or are exceeding them. If you are below your numbers do not sweat it, we have 3 more quarters to grind it out. Dig deep to find out what is working and more importantly what is NOT. From there the answer should be clear. Focus on the ONE THING every day that will move you closer to the end result.

A Paycheck Protection Program (PPP) update!  A lot of you got your 1st round of the PPP loan forgiven. Many of you just applied. Do not fear. The banks are processing these at their own rate. Either way, those of you that participated in it will soon enjoy the benefit, once it is “off” your books (officially). Congratulations to everyone who took advantage of the 2nd round. The requirements were slightly different, but had the same intent. It’s not too late for those who still want to participate so apply now! I think you all will agree, we live in unprecedented times. History is being written!

Paula Quinn has quite the resume. She has over 30 years of experience in dentistry, is a practicing dental hygienist, and speaks internationally for Invisalign and Biolase. Fortunately for us and our clients, she’s also an extremely valuable team member here at Next Level Consultants! She was recently interviewed by Roadside Dental Marketing, during which she broke down topics such as what you should look for when hiring a consultant for your dental practice, common mistakes to avoid, how to optimize your hygiene department, and tips on how to find and hire hygienists. The highlights below are just a small portion of everything she covers in the almost 24-minute video, so be sure to check it out to benefit from all the knowledge Paula has to share!

When you purchase a dental practice, you aren’t just responsible for the building and equipment, but you also have a big role to play in making sure that new and existing team members come together smoothly. This can be a delicate process and quite difficult to navigate on your own, but there are a few tips you can follow to make everyone’s lives a lot easier.