Next Gen DDS

Mario and Scott sit down for another episode of Associateships Unpacked to discuss the real financial benefits of practice ownership beyond having more control. From maximizing take-home income and tax savings to managing debt and planning for retirement, they break down why ownership can create greater opportunities for building long-term wealth and why dentists shouldn’t wait until they’re debt-free to start planning for their financial future.
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Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Mario and Scott sit down on today’s episode to discuss what dentists should look for when vetting a practice purchase. From asking price and profitability to revenue mix, growth potential, location, and goodwill, they break down why the numbers are only part of the decision and why asking the right questions can help determine whether a practice is truly the right fit.
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Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Mario and Scott sit down on today’s episode to discuss what happens when an associateship starts moving toward partnership or ownership. After two or three years in a practice, the numbers need to make sense before taking the next step. From practice value and structuring a buy-in to compensation, taxes, and ownership responsibilities, they discuss why planning ahead protects both sides and how to determine whether an ownership opportunity truly makes sense.
_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Mario and Scott sit down on today's episode to discuss what you can do to show you're partnership material before you even become one! It's a similar idea to the phrase, "Dress for the job you want." To show a senior doctor you'd be a good partner, you need to take steps to show your initiative and drive. Whether it be training other employees or showing an interest in the business side of the practice, a senior doctor will take notice that you go the extra mile.
_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Mario and Scott are back for another new season of NextGenDDS! This season, entitled Associateships Unpacked, will highlight everything you need to know before becoming an associate, things you can be doing to succeed during your associateship, the legal stipulations of signing an associateship contract, and more.

Today's episode focuses on the two overarching goals an associateship can accomplish: gaining clinical experience or possibly leading to a partnership or ownership opportunity. It's important to determine BEFORE signing a contract which goal you're after and whether the practices you're looking at will be able to provide you with experience or opportunity you're after.
_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Why do profitable dental practices still struggle financially? In this episode, Mario and Scott break down one of the most misunderstood concepts in dentistry: cash flow. They explain the difference between profit and cash flow, why both matter, and how understanding the movement of money through your practice can help you make smarter financial decisions. Whether you're an associate preparing for ownership or already running a practice, this episode will give you a stronger foundation for long-term success. 
_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Buying a dental practice is a major milestone, but it shouldn’t be the first step in your journey. In this episode, Mario and Scott explore the idea of “planning first, buying second” and why young dentists should start with a clear vision for their career. From choosing the right first job to understanding what a senior doctor is looking for, they discuss how alignment between your goals and the decisions you make can set you up for long-term success. Whether your goal is to remain an associate or eventually own a practice, the right plan can make all the difference.
_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Student loan debt can shape every stage of a dentist's career, but it doesn't have to hinder your future. Join Scott and Mario as they break down repayment strategies, common mistakes, and practical ways to manage dental school loans while building long-term financial security. 
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Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Today, Scott and Mario sit down to caution their listeners on acquiring bad debt. Bad debt includes excessive car loans, credit card debt, and more. While bad debt is sometimes necessary, it's best to be cognizant of how much you're acquiring and spending below your means. Listen to learn more!

_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Mario and Scott take a deeper dive into good debt on this episode. They explain the types of good debt a dentist can take on and what qualifies certain debt as "good." But beware! Just because taking on certain debt may seem like a good investment, that doesn't mean it always is. Scott and Mario share what to be careful of when taking on debt and how to ensure you're taking on debt you can actually pay off!

_____________________________________________________________

Want to submit a question that Mario and Scott will answer on the next episode? Email us at [email protected]

If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student

Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.