Just Do It!

We’ve put together key steps to take towards your pursuit of your financial goals for all your stages in dentistry. Check out Andres’ above, click here, or read on to learn about them.

For all dentists:

-Assemble your dental specific advisor team including:

CPA
Attorney
Financial coach/planner
Banker

-Start building your financial plan and detailed goals

When we say dental specific, your team needs to have verifiable experience in dentistry. Ask for references you can contact. Your advisor having a deep understanding of dentistry can make all the difference! A good place to search for your team is the Academy of Dental Management Consultants.

New dentists:

-Have a financial coach review job offers and benefits of job opportunities
-Hire your own attorney to review your associate contract.
-Practicing for a couple of years?

Key time to review/assemble your advisor team. Review your next steps.
In addition to the team listed above, be sure to connect with multiple business brokers
Have your advisor team, financial plan and goals together PRIOR to making decisions on buying or starting up

Established dentists:

Review monthly financials (balance sheet & profit & loss statements) within 15-20 business days after month end. Done by your dental specific CPA
Need #1 to help make growth decisions
Staffing. Review hiring, all benefits and the communication of the benefits

Experienced dentists:

Have your current financial plan and goals in order
Looking at selling? Have your team assembled and a clear understanding of practice numbers

In our over 25 years working with dentists, we’ve helped our doctors in all of these phases. Don’t know where to start? Reach out we are here to help you.

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