Tag: #dentalpracticesales

Dental CPA in Towson | Career Tips for New Dentists

Towson Dental CPA

Starting your professional career as a new dentist can be one of the most exciting (and anxious) times of your life. Whether you are beginning your own practice or joining one, there are several important aspects to keep in mind. We have compiled a quick guide that will help you manage your priorities as a new dentist with confidence.

  1. Protect Your Work-Life Balance – While you might be used to a heavy schedule during your years in academia, don’t let yourself burn out. You deserve a healthy work-life balance. By setting expectations and following them, you can enjoy your time with friends, family, or hobbies without feeling tread on by your work schedule.
  2. Know Your Strengths – Your practice should center on two things: what you are compassionate about, and what you are incredible at. Don’t pursue a specialty just to appeal to your community if it isn’t something you are excited about. Focusing on your strengths will bring you more satisfaction in your work as well as higher quality to your service.
  3. Manage Your Debt – Dental school graduates usually have a significant trail of student debt following them. Whether you refinance, make extra payments, or choose an alternate repayment plan, focus on reducing your balance instead of simply paying off the interest. Don’t forget to contribute early to your retirement fund, either. The best time to start saving was yesterday.
  4. Successful Practice Management – A dental practice is a business, and a business needs a strong leader. Dental schools don’t typically prepare you for the financial and leadership elements of your career, so don’t be afraid to seek coaches or consultants. With the right mentor, both you and your practice can succeed.
  5. Continue Your Education – The last advice you want to hear as a new dentist is ‘more schooling,’ but it’s true. Once you have settled in, you should look for new opportunities to hone your skills. There exists a world of workshops, lectures, and courses that can further your passion in dentistry, bring you confidence in your work, and improve the value of your practice.

With the right mindset and plan, you can build yourself up as a new dentist, achieving your leadership and financial goals. If you are considering starting your own practice, our team at Schiff & Associates will be the resource you need to secure your future in success. Contact us today to schedule a consultation.

100 West Road, Suite 410
Towson, MD 21204
(410) 321-7707

JUST SOLD @ 100% Annual Collections!! Sell Your Maryland Dental Practice

Sell Your Maryland Dental Practice!!

Are you contemplating on whether or not now is the right time to sell your Maryland dental practice.  Our most recent Maryland General Dental practice closing sold for 100% of Annual Collections with multiple offers on the table! Schiff Dental Brokerage is setting records in our market area. Up until now sellers have only been getting these prices in Southern CA where the desire to live is so high because of the climate. Contact Eric Schiff Today if you are thinking about selling your Maryland dental practice. www.schiffdentalbrokerage.com

Dental Practice Transitions Letters

DENTAL PRACTICE TRANSITIONS LETTERS: The General Dental Practice we had listed in Laurel, MD closed last week.  The Dental Practice was large enough that the new owner will be able to retain one of the sellers of the dental practice as a full time associate while the other seller will retire.  We were able to match the sellers of this dental practice up with the perfect credentialed buyer which turns out grew up in the same area as one of the sellers.

Here is a pic of the backseat of my car containing 2500 Dental Practice Transitions Letters on the way to the post office.  These letters introduce the new buyer to the Patients in a friendly but professional manner.   The letters not only inform the patients of the dentists pending retirement, but favorably introduce the buyer as well. The letter also includes a brief biography of the buyer, the buyers educational credentials and areas of specialization, hobbies, as well as a description of the family.

This is just another service Dentists receive when they list their practice with Schiff Dental Brokerage.  It took a couple members of our team two full days to print, stuff, label, and seal these envelopes but this is an essential step of the transition process if the buyer expects to maintain the maximum amount of patients possible.

Contact Eric Schiff with Schiff Dental Brokerage today to list your practice for sale and receive the same professional service.

 

blog-transition letter

Dental Practice Transition Letters

DENTAL PRACTICE TRANSITION LETTERS: The General Dental Practice we had listed in Laurel, MD closed last week.  The Dental Practice was large enough that the new owner will be able to retain one of the sellers of the dental practice as a full time associate while the other seller will retire.  We were able to match the sellers of this dental practice up with the perfect credentialed buyer which turns out grew up in the same area as one of the sellers.

Here is a pic of the backseat of my car containing 2500 Dental Practice Transition Letters on the way to the post office.  These letters introduce the new buyer to the Patients in a friendly but professional manner.   The letters not only inform the patients of the dentists pending retirement, but favorably introduce the buyer as well. The letter also includes a brief biography of the buyer, the buyers educational credentials and areas of specialization, hobbies, as well as a description of the family.

This is just another service Dentists receive when they list their practice with Schiff Dental Brokerage.  It took a couple members of our team two full days to print, stuff, label, and seal these envelopes but this is an essential step of the transition process if the buyer expects to maintain the maximum amount of patients possible.

Contact Eric Schiff with Schiff Dental Brokerage today to list your practice for sale and receive the same professional service.

 

blog-transition letter