CPA By Choice’s Post

🦷 🎓 Are you still dreaming of opening your own practice, or are you considering joining a Dental Support Organization (DSO) instead? 🤔 Whether you’re set on making your entrepreneurial dreams come true or thinking, “DSO all the way!” we want to hear from you. 💬 Your journey and opinions matter to us. Drop your thoughts in the comments below! ⬇️ . . #encompass #DentalDreams #DSOvsOwnPractice #FutureDentists #youropinionmatters #dentalstudent #dentallife

🦷 🎓 Are you still dreaming of opening your own practice, or are you considering joining a Dental Support Organization (DSO) instead? 🤔 Whether you’re set on making your entrepreneurial dreams come true or thinking, “DSO all the way!” we want to hear from you. 💬 Your journey and opinions matter to us. Drop your thoughts in the comments below! ⬇️ . . #encompass #DentalDreams #DSOvsOwnPractice #FutureDentists #youropinionmatters #dentalstudent #dentallife

What if instead of selling outright, you could become part of a dental platform where you earn dividends and retain equity in your practice?  With platforms like Rising Tides, you don’t just sell - you scale.  You get paid as a dentist and as an equity holder, creating dual income streams. 💰📈 This model allows for greater financial growth and flexibility, and your practice could reach values that aren’t possible through traditional sales to DSOs. Interested in learning more about how Dental Partnership Platforms (DPP). work? 

On the road again! 🎵 (Go ahead, I know you’re humming that Willie classic :) I’m stoked to get out here and meet with Dentists, FSCs and the dental community to talk shop, discuss the market, find ways we can help. My new focus is helping dentists sell their practice, but that’s just part of what we do: *Practice Valuation *Letter of Instruction *Transition Planning *Financing *Emergency Exit Strategy If you’ve read this far, you might just be ready for a #DPT discussion, so let’s talk! #HenryScheinDPT #HenryScheinDental

"What's the ROI on that?" Good question! The answer is... it depends (insert legal joke here). If you're a small business, I cannot stress how important a brand video is for your company. Take 2SIXL Dental Builders for example: They are a niche small business that can take a second to understand what they do. They actually do not build dental practices. They help doctors save money when building a dental practice. But Tommy and his small team don't have infinite time to explain to everyone exactly what they do. They can't just give out references to all their previous clients without it becoming a hassle. So in this specific case, what is the ROI? Theoretically, it's infinite. You save yourself time, you save yourself sales calls, you can secure leads, all because you've showcased your business in a brand video. At the moment? It's 10x+. My recommendation? You need to do it. Watch Tommy at 2SIXL Dental Builders tell it himself.

A common concern we hear from #dental entrepreneurs is that they don’t want to “sell out to a DSO” when transitioning their practice. While this was a very justified concern for DSOs of the past, many modern DSOs operate entirely different and actually look out for the best interest of docs, their employees and their patients. Take this recent transaction we facilitated for example. A single-doctor owner in OH owned a thriving practice with one associate and nine operatories. While building his business was a goal when he was younger, he wanted to start scaling back his hours in the next few years. He sought our expertise to find the right transition option for him – despite being skeptical about DSOs. Our team of seasoned brokers valued the practice at $3 million and took the practice to market, specifically looking for DSOs that would help take over managerial and chair-side responsibilities so he could begin offloading hours. Our brokers sourced competitive offers from qualified DSOs and presented them to this doc. After seven in-person interviews with prospective buyers, he felt confident choosing a DSO that would best support his transition needs. And, the practice transacted for an enterprise value just shy of $8 million. If you’re interested in learning more about how DSOs can better support your future, let’s connect. Learn how we can help you today!

Take a serious look at this, if nothing else and you’re a pratice owner, you will see how a true valuation is calculated

ROI, my favorite question... 😅 As a creative I typically don't delve into the MBA world. However, a recent testimonial I made with 2SIXL Dental Builders gave me the opportunity to showcase just how much a brand video is worth the investment. Check it out below.

What is a Dentalpreneur? 🤔 It's a dental practice owner who embodies the entrepreneurial spirit - driven, ambitious, and eager to grow their dental empire. And Practice Gauge is here to fuel their success. #PracticeGauge #Snap #Manage #Thrive

For Dentists and Dental Specialists: Are you currently considering the sale of your practice, or the purchase of a practice? One of the questions you will have initially is whether or not you need to hire a dental practice broker. To assist you in making that decision, I have produced the video, "Considerations for Hiring a Broker for a Dental Practice Sale or Transition." Follow me here, and keep an eye out for future videos on this subject.