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How Much Will Your Dental Practice Bring At Sale?

It wasn’t that long ago that having a dental practice for decades and then selling it was the golden parachute to a very comfortable retirement. Those days are gone, and they’re not coming back. Back in “the day,” it was common for practices to sell for two to three times collections or even more. Today, with the rise of corporate dentistry and more practicing dentists than at any time in U.S. history, you’ll be lucky to get 80 percent of collections at sale. In fact, as of November 2016, according to one dental financial group, general dental practices went for just 69.87 ...

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The Golden Age Of Dentistry Is Something You Can Make

Times have changed for the dental profession, and we’ll never see the historic Golden Age of Dentistry of the 80s and 90s again. Between corporate dentistry, large group practices, and declining dental insurance reimbursements, those days are gone. Dentists today have two choices: they can continue to work too hard for too long for too little.. or they can make their own Golden Age. Watch Colin’s short Tip of the Day video to learn how you can work less, earn more, and enjoy life again! If you're ready to stop working too long for too hard for too little, click the link below to ...

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What Kind Of Dental Practice Do You WANT?

If you’re a general practice dentist, is it because you set out to serve a broad cross-section of patients? Or did you take that route because you thought it was the only avenue open to you? Regardless, you don’t have to continue doing mostly general dentistry if you don’t want to. Sure, that sounds like crazy talk… but it’s not. There are two key aspects to having the kind of niche practice you want – cosmetic dentistry, implants, full-mouth restoration, or periodontal treatment, for instance. The first aspect is to ensure that you have the clinical skills to provide ...

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How You’re Wasting Your Dental Marketing Dollars

New patient opportunities slip through dentists’ hands every day… and they don’t even know it. The end goal of all your marketing must be to put more new patients in your chairs. Every prospect who calls your practice but isn’t appointed wastes your hard-earned marketing dollars. Watch Colin’s short Tip of the Day video to learn how to stop losing money over the phone. If you'd like to learn how to turn your front office staff into a new patient-appointing powerhouse, click the link below.   Learn More  ...

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Fix The Hole In Your Dental Practice Marketing

The end goal of dentists’ marketing is to put more – and ideally, better – patients in dental chairs. The online space is the single most effective practice promotion venue these days. With digital advertising, there are a host of available indicators about how effective a marketing campaign is – likes, follows, shares, comments, reviews, clicks, and so on. These are good and necessary things, but not sufficient. All of the clicks and likes in the world won’t put a single patient in your chairs. Your marketing pays off when new patients pick up the phone and book an ...

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Why Do Dentists Do This To Their Practices?

This might be hard to believe, but the vast majority of dentists create their own practice downtimes. Without a consistent monthly marketing spend, you’re destined to have slow months during the year… but you don’t have to be. Watch Colin’s short Tip of the Day video to learn how to stop experiencing slow months due to “roller coaster dental marketing.” If you'd like to learn more about how you get a steady stream of better dental patients, follow the link below.   Learn More  ...

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Those Aren’t The Dental Patients Who Will Grow Your Practice

If you’re a growth-minded dentist, whether in a single location or looking to open other practices, these are “the best of times, the worst of times.” It’s a great time to grow because the demand for dental services currently exceeds the supply in many markets. It’s the worst of times because that demand is fueled by full employment in the U.S., with workers using their dental insurance to receive routine dental care and some restorative work. But one thing history teaches is that every period of economic growth is followed by a contraction. Hiring new staff, or even acquiring ...

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How You Can Enjoy The Journey To Success As A Dentist

There’s an old saying that “No all who wander are lost,” but you’d have to question that if you saw how some dentists approach practice success. Without a clear definition of success, a map to guide your steps, and the will to execute, success is almost certain to elude you. Watch Colin’s short Tip of the Day video to how you can get the roadmap you need to succeed! If you're ready to start on your journey to success, click the link below.   Get Started ...

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What Will Your Dental Practice Do With the Last 5 Months of 2018?

August may sound like an odd time for a re-decision point, but here it is. 2019 will be here before you know it. If you’re like most dentists these days, you’re “enjoying” an amazing boost in your new patient numbers. That’s in large part because the economy is booming right now and unemployment figures are close to 50-year lows. This should be an ideal situation for dentists… but it’s not. “Enjoying” is in quotes above because wages haven’t nearly kept pace with the cost of dental care. Odds are that the vast majority of your new patients are looking for ...

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What’s Keeping Dentists Awake At Night?

In the years following the Great Recession of 2008, dentists lay awake at night wondering how they were going to pay the bills and keep the doors of their practices open. With the economic recovery now in its eighth year, the worries have changed – although they’re no less powerful. Today, most dentists are drowning in patients. They’re nearly running between operatories because their schedules are slammed with patients. That sounds like a success scenario… but it’s really not. Those dentists are slammed because more people are working, but a very large number at jobs that ...

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READY TO THRIVE?

If you’re ready to begin getting the only result that matters from your marketing - more and better patients in your chairs - get started today and schedule your Practice Discovery Session™. They’re free to serious dentists who want to see a Patient Attraction System™ that can double or even triple their practice.