January 31, 2025

What No One Tells You About Buying a Dental Practice

31 minutes

In this episode, we’re diving headfirst into one of the biggest decisions every dentist faces: should you buy or start a dental practice? I’m here to break down the pros and cons, uncover the misconceptions, and help you make an informed choice about your career. We’ll start by exploring location considerations—because let’s face it, where you set up shop can make or break your success. From understanding the demographics to evaluating local competition, I’ll guide you through what to look for and what to avoid.

Next, we’ll debunk some common myths about buying a dental practice. Many dentists worry about taking the leap, but I’ll show you how to sift through the noise and focus on the facts. We’ll also discuss how to properly evaluate a dental practice for purchase, including key factors like financial performance, team dynamics, and patient base. Speaking of patients, I’ll touch on the importance of understanding new patient flow and how effective marketing plays a critical role in sustaining growth.

Of course, buying a practice isn’t all sunshine and success stories—there are challenges and pitfalls you need to be aware of. I’ll share what failing can look like in this industry, how to avoid common mistakes, and how to set yourself up for long-term success. Whether you’re in the early stages of your dental career or considering making a big move, this episode is packed with insights to help you navigate the world of dental practice ownership with confidence. Don’t miss it!

What you'll hear in this episode:

[1:30] Should You Buy or Start a Dental Practice?

[4:10] Location Considerations for Your Dental Practice

[7:30] Misconceptions About Buying Dental Practices

[8:25] Evaluating a Dental Practice for Purchase

[18:00] Understanding New Patient Flow and Marketing

[22:25] Challenges and Pitfalls in Dental Practice Acquisition

[23:45] What Does Failing Look Like?

Learn more about Tooth and Coin's services: https://www.toothandcoin.com/

Watch full episodes on YouTube: https://www.youtube.com/@Dentistmetrics

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