There are so many issues to consider in today’s business climate that some new graduates are puzzled as to what direction to take. I have studied the work of several…
Resources
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Hiring An Associate – Pros And Cons
I am often asked, “Should I hire an associate and, if so, what affect will it have on the value or marketability of my practice?” There are many ways to…
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What Are The Characteristics Of The "Best-Selling" Practices?
In my experience and the experience of those with whom I work, the “best-selling” dental practices are those which are owned and operated on a solo practitioner basis. When I…
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Future Trends In Dental Human Resources
There are 2,000 dentists in Ontario over 50 years of age according to the Royal College of Dental Surgeons of Ontario (RCDSO). There are 1,200 that are over 55. That…
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What are the Options for Owners of Remote Practices?
As I sit on the shore of a beautiful lake, north of Sudbury, watching people out on their boats enjoying this magnificent region, I realize how lucky the dentists are…
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Selling A Share Means Banking On The Future
It has always been my philosophy that you should sell a practice when you are ready to sell all of it at once. If you want to continue in the…
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Staff Issues When Buying or Selling a Practice
In the event that you are buying or selling a practice it is imperative to understand the mandatory requirements of notification that are owed to the staff under the Employment…
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Taking Control of Your Practice
As a hobby, I collect old textbooks on dental practice management. I have just finished reading one such manual, published in 1916. Entitled Profitable Practice, by Dr. George Wood Clapp…
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North of the 401
I attended the Northern Ontario Dental Association meeting in Timmins last September and spoke with many of the dentists who are practising throughout the region. I mentioned to them that…
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Letters Of Introduction When Selling A Practice
When a practice is sold, a letter of introduction and announcement is a very important part of the transition process. In my opinion, it is not always necessary for the…