Recently, I spoke about using targeted reinvestment to grow your practice. While specifically addressing dental entrepreneurs, the principles I covered could be used for any business. I’d like to continue down that path to answer a question I received from one of our listeners. The question is this, “What are the pros and cons of buying a practice to grow my current dental practice?” Now, this question is framed to speak directly to dental entrepreneurs, but if that’s not you, don’t go anywhere! This information can still be applied to many different industries. Follow Along With The Financially Simple Podcast! This week on The Financially Simple Podcast: (1:13) Laying the groundwork/Who asks this type of question? (2:26) Why you should think about buying another practice (7:06) Calculating market share (7:33) Why you shouldn’t consider buying another practice (10:17) Avoiding the pitfalls (12:39) A real-life example Who Typically Asks This […]
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https://financiallysimple.com/buying-a-dental-practice-to-grow-yours-pros-and-cons/
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