We believe that Canadian dental schools may not be graduating enough dentists to meet future needs based on current enrolment levels (Table 1). There are 3 significant developments that may…
Resources
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What Happens to the Staff When a Dental Practice is Sold?
Dental practices are bought and sold often in today’s marketplace. You need to know the status of your employment when a dentist sells his or her practice. What notice must…
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Protecting your Premise Lease
A premise lease is a valuable component of practice goodwill and can have substantial bearing upon the appraised value of a practice, particularly if you occupy a desirable location. Conversely, an…
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Five Ways To Run A Successful Patient-Centered Practice
I recently spoke at an event with Michael Birbari, of Dundee Securities in Burlington. His seminar began with a very important reminder to me: success is a learned behaviour and not…
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Observations of the Market – Part 1
Having recently appraised a practice that experienced a slow and steady decline in the gross income over the past four years, the owner asked us to explain why the appraised…
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Flying Solo
The concepts of utilizing an associate or partner for the purpose of identifying a purchaser for a practice, increasing the selling price of a practice or reducing practice overhead are…
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Has Practice Management Changed Over The Past 75 Years?
This year, I’ll be writing about some of the most successful and simplified techniques for managing your practice and your patients. Seeing as we’re celebrating the Journal’s 75th anniversary, I…
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The Locum Lifestyle
In my business, I receive telephone calls every week from dentists who are seeking a change in their career. Many say they still enjoy dentistry, yet the day-to-day management is…
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The Top Five Factors Affecting Dental Practice Values
I am frequently asked by accountants and lawyers to comment on the methodology we use to appraise practices. They ask me to explain what factors can affect practice value the…
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Mid-Practice Crisis: Where Should You Invest Your Time & Money?
According to 1999 data from the Royal College of Dental Surgeons of Ontario (RCDSO) detailing the distribution of dentists in Ontario by area and age groups, the greatest number of…