Many Dentists believe that the main thing that makes their practice valuable is production/collections/profit.  While this can increase the value of the practice, it’s not the place to focus on to get buyers to pay a lot of money.  To understand what drives the value of a business, including a dental practice, look at it through the eyes of an investor.  In this mini-series, Dr. Lewis and Matt Kennedy teach you to do just that.  They break down the 8 principles that will exponentially drive up the value of your practice. 

As more and more sophisticated buyers enter the marketplace for dental practices, understanding how they evaluate your practice is critical.  They are not buying your dental practice!  They are buying the future profit your dental practice will produce.  In today’s episode, Dr. Cedric Lewis and Matt Kennedy break down the ways these investor buyers are looking at your practice.

In today’s episode, Dr. Cedric Lewis and Matt Kennedy do a deep dive on an offer to buy a practice sent in by a listener.  They talk about the numbers but also the mindset of the buyer and the psychology it appears the potential buyer is using to make the offer seem more attractive than it might really be. 

All business decisions in the practice need to be driven by data. But in today's episode, Dr. Cedric Lewis and Matt Kennedy discuss the danger in chasing the data but not capitalizing operationally on what the data is telling you. This is a boots on the ground discussion you won't want to miss!

Creating a business that allows you to get out of the chair and actually taking the leap of getting out of the chair are 2 different things.  In today’s episode, Dr. Cedric Lewis and Matt Kennedy discuss what keeps doctors stuck in the chair, even after they’ve built their practice to allow them to exit. 

In today’s episode, Dr. Cedric Lewis and Matt Kennedy discuss the first things you should do once you’ve decided to re-engineer your practice and work toward getting out of the chair. 

Most associate doctors struggle with evaluating potential practices to work for.  Many times, they choose based on the guaranteed pay.  In this episode, Dr. Cedric Lewis and Matt Kennedy discuss some practical ways an associate doctor can determine which practices offer good opportunities and which don’t.  Here’s a spoiler…a good opportunity has nothing to do with the guarantee! 

With corporate dentistry gaining market share in just about every market in the US, doctors are wondering how to compete.  In today’s episode, Dr. Cedric Lewis and Matt Kennedy discuss the multiple associate model and why you need to understand it and consider implementing it.

Today’s episode is loaded with nuggets of wisdom from Joseph Snyder, Operational Specialist at Hawaii Family Dental.   

In today’s Episode, Dr. Cedric Lewis and Matt Kennedy reveal the 3 places they see doctors get stuck when trying to grow their practice.  Knowing these danger zones will allow you to proactively create strategies to avoid them.  Don’t miss this episode!