🔔 Download the Free Practice Evaluation Checklist: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - Profit can be misleading.

2:13 - Dental practices are different.

5:05 - If revenue goes down.

6:21 - How many patients you need.

7:02 - 2 metrics determine revenue.

10:12 - Patients are the fuel.

12:55 - What accountants and bankers get wrong.

15:05 - "Active Patients"

18:09 - The most important document you need.

20:52 - The most important number to calculate.

24:40 - If you buy the right practice, life is easy.

27:49 - Don't buy a practice just because it was profitable.

Here are 3 ways to make half a million dollars per year as a dentist.

🔔 Download the Free Practice Evaluation Checklist: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - Option 1: Working for Someone Else

2:55 - Challenges of Working as an Associate

6:13 - Option 2: Work For Yourself

8:00 - Half Your Time Spent Working

9:20 - Giving up 3.2M

12:54 - Option 3: Hire an Associate

16:33 - Owning Your Practice is The Key

Today you will get a behind-the-scenes look at how I help dentists evaluate whether a dental practice is worth buying. We’ll walk through a real client case (anonymized for privacy) using my Practice Evaluation Checklist to review everything from operatories and financials to patient flow and growth potential. If you're considering buying a practice, this breakdown will give you a clear idea of the steps to take, the risks to watch for, and how to think critically about your investment.

🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - Intro and Practice Evaluation Checklist

1:07 - Client Background and Finding the Practice

3:02 - Evaluating the Practice Setup and Operatories

6:00 - Seller Motivation and Retirement Risk

11:12 - Financial Health Review and Payroll Analysis

20:09 - Active Patients, Hygiene, and New Patient Growth

27:00 - Deep Dive: Production Report and Growth Potential

36:03 - Next Steps: Visiting, Due Diligence, and Making an Offer

I want to talk about 2 dentists. One of them is earning a lot more than the other, and I mean a lot. Watch to find out why.

🔔 Download the Free Practice Evaluation Checklist: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

Video Version: https://youtu.be/dcNi3sacsIg

🕠 Timestamps: 0:00 - A Tale of 2 Dentists 0:46 - 70k vs 700k 2:50 - Gender Pay Gap 4:18 - Students Loans 5:17 - Owners Make Income From Others 6:54 - Owners Keep A Higher Percentage 9:24 - Owners Get Better Patients 12:01- Owners Can Customize Their Schedules 14:35 - Tax Advantages 15:13 - Equity 16:16 - Building Up The Courage 18:28 - Now Is The Time

Let's talk about the Letter of Intent (LOI). This is the document that you send to the seller to make an official offer on the practice. There are a lot of key parts that you need to include. This video goes through everything you need to know about an LOI.

🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps: 0:00 - Making The Offer 1:45 - Sample Letter Of Intent 2:37 - Purchase Price 6:09 - Items Included 7:15 - Items Not Included 7:54 - Acceptance Date 9:04 - Closing Date 10:21 - Due Diligence Period 12:28 - Contingencies 13:33 - Non-Compete Agreement 15:23 - More Contingencies 17:43 - Should The Seller Stay On? 19:26 - Exclusivity Period 20:09 - Earnest Money Deposit 22:46 - Signature Page 24:40 - Next Steps After the LOI

🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - First Thing To Look At

0:49 - Comparing 2 Practices

2:26 - Production By Procedure Report

3:11- Periodic Exams

4:50 - Active Patients

6:19 - Overproduction By The Seller

9:29 - Production Per Patient

12:00 - Be Careful Who You Listen To

14:17 - Summary

Watch The Video Version on Youtube: https://youtu.be/wumDDdYFTzM

🔔 Download the Free Practice Evaluation Checklist: https://practiceown.com/pdf 🔔

 📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected] 

🌍 Website: https://www.practiceown.com

Where are the best and worse locations to live to be a dentist? Can you make more money if you live in a certain state? Are some states more or less competitive than others? Watch to find out.

🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - dentists can work anywhere

1:00 - map showing state population / number of dentists

2:43 - dentists prefer some states over others

3:52 - dentist income by state

5:02 - comparing states

5:39 - major trends

7:02 - so does it matter?

8:01 - live where you want to live

8:48 - the real way to increase your income

10:05 - you make your own success

When I first started working as a dentist I made a spreadsheet that completely changed the way I looked at working as a dentist. I'm going to share it with you here.

🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - The spreadsheet that changed my mind.

0:51 - Hygiene production percentage.

2:04 - Owners generally produce more.

3:08 - But let's assume they both produce $800k.

3:32 - Overhead at 60%.

4:21 - Let's try 1.2M.

5:32 - $264,000!!!!

6:13 - Paying back a practice loan = investment.

8:03 - The most profitable investment.

Most dentist's don't realize how insanely expensive it is to work as a dental associate. Let's look at how you can keep 70% of your production instead of 30%.

🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf

📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8

💌 Email me at: [email protected]

🌍 Website: https://www.practiceown.com

🕠 Timestamps:

0:00 - working as a dental associate is insanely expensive.

0:51 - same work, making less money.

1:57 - the actual math behind associate jobs.

2:54 - $1200 per day!!!!!!!!

3:54 - stop paying for your boss to go to the Bahamas.