Posts by Trevor Kimball, PhD
6 Million Reasons to Buy a Dental Practice
Six Million Reasons to Buy a Dental Practice Based on some conservative calculations, there is a 6 million dollar difference between working as an associate and buying a dental practice over a 30 year career. And this is before any investing, tax savings, or equity, which are the basic building blocks of long term wealth.…Read More
CalSavers Deadline Approaching
CalSavers Deadline Approaching Do you have between 5 and 50 employees? If so, you need to offer a retirement savings plan to your employees by June 30th. If you have five or more employees, California Senate Bill 1234 requires that you either offer a qualified retirement plan through the private market or give your employees…Read More
Will the patients stay if I buy a dental practice?
When you buy a dental practice, some dentists worry that the patients in their new practice will not stay after the handoff. Fortunately, in our experience, this shouldn’t be a huge concern. Why? Well, the simple fact is that – in almost every well-managed transition – the patients stay. When my dad sold his practice…Read More
Do I need a dental practice sales broker?
You don’t always need a dental practice sales broker. Here’s when you should go it alone. You might be surprised to hear this – especially from us – but not everyone uses a broker for their dental practice transition. There will always be people who decide to go it alone. Does that mean you should…Read More
Dental Service Organization or Private Buyer: Which makes more sense for your dental practice sale?
The process of getting ready for a dental practice sale is as unique as your practice — everyone’s transition story looks a little different. Some folks value getting it done as quickly and simply as possible. Others are willing to put in a significant amount of time and energy to make sure that they’re getting…Read More
Dental office for sale? Here are three questions you absolutely have to ask yourself first.
It’s a rare doctor that wakes up one morning and just decides out of the blue, “Today is the day make my dental office for sale. I am financially and emotionally ready to start the next chapter of my life, and I’m committed to making this process a success for my patients, my staff, myself,…Read More
How dental practice sales changed in 2020 — and what it means for you in 2021
The practice sales market isn’t static. Here’s what you need to know – and who you need to know – to buy or sell in 2021. 2020 was a wild and unforgettable year for the dental industry. I hope we never have to live through anything like that again. It was hard enough navigating that…Read More
How one dental practice rebounded 100% from COVID-19
Dear friends, partners, and colleagues,I hope all of you had a good, shorter week. In this newsletter, I’ll cover: How One Dentist is Back to 100% Pre-COVID Collections Work From Home Front Office Adapting Patient Protocols Simple Disinfectant Solutions NEW PPP Legislation Passes the House Featured Dental Practices for Sale Another Musical Interlude While the…Read More
How to soothe the nervous dental patient post-COVID-19
Dear friends, partners, and colleagues, In this newsletter, I’ll cover: CDA Respiratory Protection Program PPP Loan Forgiveness A Quick Reminder to Stay Vigilant Focusing on the Nervous Patient Dental Practices for Sale Another Musical Interlude Best Wishes on Memorial DayBelieve it or not, this Monday is Memorial Day.The de facto beginning of summer has taken me completely…Read More
Dental Practice Sales Market — Is now the right time to sell?
Dear friends, partners, and colleagues, Another week has passed as many of you start to open your doors a little wider and see more and more patients. We are rooting for you – feel free to reach out and let us know how it’s going!In this newsletter, I’ll cover: The Practice Sales Market – Should…Read More