Category Archives: New Dentist Finances

Protecting your practice in the time of COVID-19

One month ago, I was doing my weekend readings at Barnes and Noble, writing, and sipping on my favorite mango dragon fruit lemonade. Little did I know that two weeks later, I would be sitting at home, on the phone with my bank to negotiate for a deferred loan payment because of an emergency shut down. My patients… Read More »

What do your patients really want?

When you tell your patients they NEED a crown, mouth guard or wisdom tooth removed. Do they believe you? You are clinically trained to know what’s best physiologically for your patients, but do you really understand their psychology? On Jan. 17 in 1792 the dollar sign ($) was born and showed up for the very first time on… Read More »

2020: New dentist financial goals for the new year

There’s no better time to start taking control of your financial life than the beginning of a new year. It’s a clean slate. All those poor money choices you made last year? Not a problem. New Year, new you. You may be drowning in debt. You may be struggling to get by as a dentist (who knew that… Read More »

How new dentists can improve their financing applications

First-time dental practice owners often have great ideas and a willingness to work hard. These are wonderful attributes because opening a dental practice and maintaining it is a big undertaking. One of the primary steps to ownership is obtaining financing, traditionally from a bank. In most cases, lenders prefer to see a dentist with clinical experience prior to… Read More »

Success strategies for new dentists

If you tell kids today that there was a time when the Internet didn’t exist, they’d be amazed. In fact, they’d wonder how you made it through life. Today’s dentists would be equally surprised to hear that there was a time when any dentist could open a practice and automatically be successful. Due to the low supply and… Read More »

Hidden pitfalls of practice acquisitions

The purchase of an established practice offers some assurance of steady patient traffic and earnings production. Once dentists have identified such an opportunity, an acquisition may seem relatively easy. However, there can be challenges to evaluating a practice’s health and getting the acquisition closed. Here are some common bumps in the road: Information overload Setting expectations early as… Read More »