I have talked a lot about the benefit of working with a DSO, whether that means outright selling your practice, or entering into a partnership …
It’s easy to see in the numbers why, over the short term, chosing a DSO is a great idea.
(In short, they can pay multiples more than any other buyer for yoru business)
But what about the next 5-10 years?
Here are 5 reasons DSO are set to win in the current market environment:
1) Security through rocky economic times
It’s no secret that the world’s economic systems appear rocky. There’s constant talk of “recession,” whether we’re in one or will be soon.
With a DSO at your back, you just don’t have to worry about any of this. Already you run a business which does well during recessions, but with a DSO you also have big security net to provide consistency and financial support regardless of the market conditions.
2) Consistent access to new technologies
Because of the investment and systems which make up a DSO, they are constantly providing the latest and best technology for their dental practices.
After all, the name of the game for a DSO is growth and profit … what better way to do that than support their dentists to be the BEST option for patients now and in the future.
3) Long-term investment backing
When you partner with or sell to a DSO, your dental practice receives the benefits of long-term investment backing.
This means the money which backs and supports your business comes from secure growth sources. You don’t need to worry about the money disappearing, and in general you’ll always have continued monetary support.
4) More time for you, more growth for your business (streamlined systems)
DSOs are all about streamlining systems for their dental practices.
This means you spend less time running your business, and more time in your practice.
This also means that overall you can spend a lot less time working, while still seeing the same (or better) growth for your practice.
5) Ability to grow rapidly, or settle in for long term consistency
A DSO brings a wide range of flexibility to the table. They can help your practice structure for rapid growth, and they can also help you pivot to something more consistent and sustainable.
So no matter what is going on in your life, your employees’ lives, the market, and the community around you … your practice will be able to run efficiently and sustain growth.