Below you'll find a list of all posts that have been tagged as “Dental Practice”
By Susan Spear From the Summer 2017 Journal of the Colorado Dental Association Why is there an “earnest deposit” required when purchasing a dental practice? To answer that question, it is best to understand what an earnest deposit is and its value. West’s Encyclopedia of American Law defines earnest money as, “A sum of money paid by a buyer at …
By Marie and Larry Chatterley From the Spring 2017 Journal of the Colorado Dental Association Over the course of the past 28 years and 1,500 practice transitions, we have noticed that one thing determines a dentist’s success in practice more than any other: the dentist’s character. More specifically his/her attitudes, beliefs and value systems contribute or detract from success more …
By Susan Spear From the Winter 2017 Journal of the Colorado Dental Association When a buyer chooses the right dental practice for their future, they consider income and expenses, cash flow, practice statistics, location, office space and size, lease, equipment, patient demographics, and the availability of quality practices on the market. Which of these characteristics is most important when purchasing …
By Stephen Strecker From the Fall 2016 Journal of the Colorado Dental Association One of the most significant business decisions you will make is the strategic choice of your office’s location. In many markets, the incentives offered by landlords to new tenants make relocation more appealing than renewing a lease in your existing space, and before signing any lease renewal …
By Marie Chatterley From the Fall 2016 Journal of the Colorado Dental Association The dental market is hardly suffering from a shortage of dentists in more populated areas of the country; however, the increased supply of dentists does not equate to a profusion of ideal opportunities. Most dental school graduates prefer to live in cities and suburbs, not in rural …
The Colorado Dental Board recently emailed dental licensees regarding SB16-009, a 2016 bill that made a technical fix to a longstanding state law on fee splitting by dentists. Information was provided to members about SB16-009 in the summer 2016 Journal of the Colorado Dental Association. A few additional questions have been generated by members, however, following the dental board’s communication. The …
By Susan Spear From the Summer 2016 Journal of the Colorado Dental Association What makes a dental practice sellable in today’s marketplace? A good place to start is to understand and quantify your assets both tangible and intangible. Tangible assets or “hard” assets are the equipment, instrumentation, supplies, computers, software, office lease and leasehold improvements such as cabinetry, office furnishing …
