The travel agency model has been slammed as consumers flock to websites like Expedia, Hotels.com and Trivago. And it's logical to wonder if dental offices will suffer the same fate. 

Obviously, there are still travel agents and for the most part, they still serve customers that want the reassurance of going to an agent that has actually visited a particular area or resort. And also obviously, there are going to be procedures that must be performed by a dental specialist in an operator. But perhaps now is the time to have a fresh set of eyes look at your practice and evaluate the threats that you may not see. Specifically:

As inflation soars to the highest level in 40 years and interest rates rise, it's natural that owners worry about the effect that a recession might  have on their practice.

Fortunately, there is still time to take action whether you plan to ride out the recession and keep the practice or sell it now so you won't have to worry about it at all.

Over the long term, profitability is essential to practice and is the first metric that prospective buyers will look at when assessing their level of interest in buying a particular business. But savvy buyers also look at cash flow because it is the metric that tells them if the practice can pay its bills on a month-to-month basis. 

So, you've decided that you might want to sell your practice... But how long will it take? A week? A month? 6 months? Maybe a year? The truth is - the right answer is: It depends.

There are places you can safely "pay less" and still have expectations of acceptable quality. Gasoline is a good example. If a gas station on one side of the street is 5 cents cheaper for a gallon of regular, you can usually assume that any quality

It was my second meeting with Dr. Leighton. A potential buyer had asked if there was a systematized approach to growing the practice. Sadly, there WAS an email-based system but it had been discontinued because of declining results. Fortunately, our

There has been a lot of speculation about Elon Musk’s desire to buy Twitter. 

Some are probably legitimate, some are completely wrong, and some of it is pure “tin-foil hat” conspiracy theory.

The offer was accepted but as soon as the buyer started to perform their “due diligence”, cracks began to appear…

You have several options when it comes to leadership in your practice. Servant leadership is a style that can help you strengthen your team by keeping them personally and professionally satisfied, encouraging them to contribute high-quality work and assisting you in making your practice a success.

When working on behalf of a dentist that is selling their practice, it’s not unusual to find several buyers expressing interest in the practice. And like homes listed for sale in the real estate office, the dentist will often receive multiple offers.