Thinking about ownership? Here are the questions to ask to avoid costly regrets before you sign.

In this episodes, Dave and Sandy revisit the classic hunt for the perfect dental practice, challenging us to look beyond flashy listings. They guide you through the doors discussed in last episode: Door #1 (the well-advertised “shiny object” everyone sees), Door #2 (the “invisible” practice that’s not quite on the market), and Door #3 (the overlooked, incognito opportunity). Discover the crucial importance of getting embedded in your local dental ecosystem (dental societies, study clubs, open houses, and especially supply reps) to find these off-market gems. They also deliver a step-by-step plan for selecting your ideal location, considering everything from local economic trends and employer bases to lifestyle preferences and the impact of practicing where you live, particularly in rural communities.

This episode nudges you to proactively clarify your needs before searching: What kind of relationship do you want with a seller? Are you seeking mentorship or independence? Dave and Sandy lay out the essential questions to shape your search, while warning against assumptions about post-sale mentoring and ownership “readiness.” You’ll learn how real ownership means embracing tough decisions, supporting teams with strong systems not just goodwill, and matching your personality and goals to the practice environment, whether it's fast-paced or relationship-driven. They even touch on how insurance participation can affect daily life and why including your loved ones in the conversation is a must!

What You'll Learn in This Episode:

• The three types of practice opportunities and how to find each
• How to leverage local dental networks and supply reps for hidden leads
• Why deliberate location choice is vital for long-term satisfaction
• Which lifestyle and economic factors to consider before buying
• The right questions to ask yourself (and potential sellers) before committing
• Pitfalls of assuming mentorship will be available post-sale
• The importance of writing down must-haves for a smooth transition
• How to make team decisions using clear systems and standards
• How practice type and insurance mix impact your day-to-day job
• Why involving your significant other in the decision process matters

Start mapping your path to practice ownership by tuning in and discovering the doors you might otherwise walk right by!

Learn More About Dave & Sandy Here!

Website: https://www.dentalassociateedge.com/

Email Dave & Sandy: [email protected]

Dr. Dave Striegel: https://www.drdavestriegel.com/

Sandy Baird, MBA: https://www.bairdconcepts.com/

Self-reflection questions for prospective owners:

1. Do you want mentorship or independence when you buy a practice?
2. Are you energized by making owner-level decisions or drained by them?
3. How soon do you want to own a practice?
4. Do you thrive in an environment focused on speed and volume or do you prefer relationship development and a slower pace?
5. If you have a significant other, how would they answer "does ownership energize or terrify you?" on your behalf?

Questions to explore with a potential selling doctor:

1. Is the selling doctor open to staying on after the sale?
2. If so, would they be willing to mentor you (and what would that actually look like)?
3. Are you expecting a gradual buy-in or a longer transition period?
4. Will the practice stay in-network with insurance, or move out of network (PPO/HMO/state health plan reliance)?

Which path would you choose if your dream dental practice was hidden behind three very different doors?

In this episode, Dave and Sandy put you in the contestant’s seat in “Let’s Make a Dental Practice Deal,” guiding you through three distinct “doors” that can lead to a successful practice purchase, no matter where you are on your career journey.

They break down the pros, cons, and expectations behind each "door": the crowded market of brokered sales, the relationship-driven private sellers, and the overlooked fixer-uppers that may just need some TLC. Dave and Sandy share their playbook for early financing prep, explain why building local relationships pays off, and offer clear, actionable steps so you can map out your dental future. Whether you’re a motivated associate, student, or new buyer, you’ll come away ready to take the next concrete step on your journey, armed with the questions to ask, the lists to start, and the confidence to spot opportunity where others don’t.

What You'll Learn in This Episode:

• How associates and students can qualify for 100% practice financing
• Key factors banks use to underwrite dental practice loans
• The three main pathways (“doors”) to finding a practice to buy
• Advantages and challenges of public broker listings
• Secrets to uncovering hidden, unlisted practices through personal outreach
• Why some overlooked practices hold untapped potential for growth
• How to define your ideal community and practice target zones
• Steps for early networking and due diligence with lenders
• Tips for evaluating and tracking opportunities like a pro
• Actionable homework to start your practice search today

Hit play to discover the best-kept secrets to finding (and securing) your next dental practice opportunity!

Learn More About Dave & Sandy Here!

Website: https://www.dentalassociateedge.com/

Email Dave & Sandy: [email protected]

Dr. Dave Striegel: https://www.drdavestriegel.com/

Sandy Baird, MBA: https://www.bairdconcepts.com/

Mentions & Links:

Organizations:

• ADA

Three Homework Questions / Action Items:

1. Where are your three doors?
   What communities are you interested in? Where do you want to spend your career? Research those locations and build a spreadsheet profile for practices in those areas.
2. What do you know about your target communities?
   Research population growth, median age, major employers, dental insurance dependency, number of dentists in the area, competition, education, cultural offerings, and safety.
3. Walk through door number one and explore what's publicly for sale.
   Check broker listings, dental journals, and dental association literature for your target locations. Get reps reviewing practice prospectuses so you know what to look for when it matters.

Is stepping into practice ownership really the key to financial freedom or just a new set of challenges you haven’t faced yet?

Episode two of The Dental Associate Edge dives straight into the real conversations so many dental associates and students need but rarely hear: how to map a confident route from chairside roles to leading a thriving practice on your terms.

Dave and Sandy revisit the core questions every aspiring owner should ask, from leadership ambitions and appetite for risk, to handling debt and setting life priorities. They unpack the realities of practice ownership, from managing cash flow and resisting lifestyle inflation, to meeting bank requirements and deciding if you should buy a practice before paying off student loans. With relatable stories and actionable advice, this episode is the perfect listen for anyone weighing the lifelong rewards (and real challenges) of moving from associate to owner.

What You'll Learn in This Episode:

• The key advantages of dental practice ownership beyond just increased income.
• Essential questions to ask yourself before pursuing ownership.
• How to weigh leadership responsibility versus clinical focus in your career path.
• The truth about managing debt as a dental professional (and how banks view it.)
• Strategies to avoid lifestyle inflation that can jeopardize practice success.
• Timing major purchases to support long-term financial stability.
• Building personal and practice cash reserves to reduce stress and burnout.
• What banks expect from buyers when financing a dental practice.
• How delaying ownership impacts your lifetime career benefits.
• Practical prompts to assess your readiness and next steps to take toward practice ownership.

Hit play now and start building the clarity and confidence you need to become a successful dental practice owner!

Learn More About Dave & Sandy Here!

Website: https://www.dentalassociateedge.com/

Email Dave & Sandy: [email protected]

Dr. Dave Striegel: https://www.drdavestriegel.com/

Sandy Baird, MBA: https://www.bairdconcepts.com/

Mentions & Links:

Episodes:

• Should You Own a Dental Practice? The Unfiltered Truth for Aspiring Owners | 1

Questions From This Episode:

1. Which bank requirements have you already met?

2. What strategies will you use to meet the remaining requirements?

3. What will be your first step right now?

Is the dream of owning your own dental practice right for you, or is it a recipe for unexpected stress?

In this kickoff episode, hosts Dr. Dave Striegel and Sandy Baird peel back the layers of what it really takes. With Dave’s three decades spent sharpening performance psychology for high achievers and Sandy’s rich history helping dental teams thrive, they bring you an unfiltered look at the rewards and realities of dental practice ownership. Whether you dream of independence, setting your own schedule, or building a valuable asset, this conversation will challenge what you think you know about practice ownership!

They lay out the critical balance every dentist must strike between clinical excellence and the business acumen required to run a practice. From weighing risk tolerance and leadership strengths to considering the impact on family, Dave and Sandy guide listeners through the initial reflection every would-be owner needs. If you’ve ever wondered if you’re ready to take the leap (or how to avoid costly missteps) this episode offers honest advice, essential self-assessment questions, and a preview of the foundational topics to come.

What You'll Learn in This Episode:

• The real differences between being an employee and an owner in dentistry
• Hidden perks and pitfalls of dental practice ownership
• Self-assessment strategies to determine if you’re truly ready for ownership
• Why mindset and leadership skills are as important as clinical expertise
• Top questions to ask yourself before committing to ownership
• Preview of crucial topics for aspiring owners: buying practices, contracts, finances, and more
• How involving your spouse or partner strengthens decision-making
• Resources for continued learning as you progress toward ownership

Hit play to start your ownership journey with confidence!

Learn More About Dave & Sandy Here!

Website: https://www.dentalassociateedge.com/

Email Dave & Sandy: [email protected]

Dr. Dave Striegel: https://www.drdavestriegel.com/

Sandy Baird, MBA: https://www.bairdconcepts.com/

Questions From This Episode:

1. Do you see yourself inspiring and leading a group, a team of people to accomplish your mission statement? Is that something that's meaningful to you?
2.  How do you handle debt mentally?
3. Do you want full control over your work environment?