Dental Startup Podcast 
Dental Acquisition Podcast 
Next Level Consultants Blog
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.
5 Financial Must-Do’s Before Purchasing a Dental Practice
December 19, 2021
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.
Why You Always Need a Purchase & Sales Agreement When Buying a Dental Practice
November 12, 2021
When it comes to buying a dental practice, everyone wants the deal to close as quickly as possible. Whether you’re the seller or the buyer both parties would like a smooth transition. A common phrase in business circles is time kills deals. Something that often gets overlooked is putting together a proper purchase and sales agreement.
After the negotiating conversations, buyers and sellers simply don’t have the energy or ability to parse out another complicated document. Buyers typically construct a Letter of Intent just to get to the negotiating table. Then there are negotiations. Then at the end of a deal a legally binding document must be created where both parties are happy and in agreement. In reality, this is one of the most important things you can utilize as a buyer to hedge protections that you deserve in good faith. (more…)
How Has COVID-19 Affected Dental Practice Financing?
October 1, 2021
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…)