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…
Resources
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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…
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Be Prepared – Another Reason For Dental Practice Appraisals
As seen in Ontario Dentist – November 1998 How many of us are aware of “Be Prepared” – the motto of the boy scouts/girl guides? While your boy scout/girl guide…
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Chart Count – How Many Patients Do You Have?
Dental practices may be worth less in the future. Why? Demographics. The number of charts in your practice is a very important measurement of how busy you will be. However,…
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How To Buy an Incorporated Dental Practice
Introduction Dentists in a number of provinces have been able to incorporate their dental practices for some time. In these provinces, practitioners have tax savings that are not available to…
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Guarding Against the Decline of Dental Practice Value
Dental practices may be worth less in the future. Why? Demographics. Our aging population has been studied and documented, revealing that baby boomers are working toward freedom 55. This is…