The advertising slogan “Freedom 55” was introduced by the London Life Insurance Company in the 1980’s. It suggests that it is possible to exit your full-time career, more or less…
Resources
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Managing Your Suppliers
Dental supplies are typically the second or third-highest dental practice expense, next to staff wages and laboratory. Do you have a thorough understanding of your dental suppliers’ services and skills?…
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A Brief History Of Dental Practice Brokers
When my father started his very first job in the dental supply industry in 1948, the dental practice sales marketplace did not exist. When a practitioner decided to retire or…
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Predictions and Observations of the 2002 Market – Part 2
I have been rather harsh in my recent columns about partnerships, and a few of my clients have let me know that they are in partnerships where my dire predictions…
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The Top Five Factors Affecting Dental Practice Values
On a daily basis, I am asked by accountants and lawyers to comment on the methodology that we use to appraise dental practices. They ask me to explain what factors…
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Incorporating Your Practice?
With the news in this year’s provincial budget that dental professionals may be allowed to incorporate in Ontario, I have been asked by many clients to comment on the practical…
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How To Successfully Manage Your Equipment Lease
During the normal course of my business, when gathering the data to prepare a professional appraisal of a dental practice, I frequently review the client’s equipment leases. In most instances,…
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Selling a Practice – Part II
Most dentists will sell a dental practice once or twice in their career. This short column contains more issues to consider, in addition to last month’s suggestions, and they are…
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Selling Your Practice: The Fundamentals – Part I
I began selling dental practices in 1984, the year I obtained my real estate license. I performed my first appraisal in 1979, at the age of 16, as that service…
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Letter to Editor, Ontario Dentist, May 2002
The following are letters to the editor of Ontario Dentist, published May 2002. — “As a recently retired dentist who went through a short transition period, I wish to express…