Buying Or Setting Up Your Dental Practice

Understand your options when buying or setting up your dental practice

 A dentist wanting to be a practice owner faces a large number of choices: 

• Being the sole principal vs associate?
• Buying an existing practice vs setting one up from scratch?
• What is the impact of the corporate buyers?

This course will examine the pros, cons and costs of each option and what is the right choice for you.

Preparing to purchase or set up practice:

• Selection criteria for the ideal practice to buy, or premises to set up;
• Sources of financing;
• Interpreting profit and loss;
• Valuations: how to establish profitability and a fair price;
• Negotiations: how to reach a satisfactory agreement;
• Sale of practice contracts and legal considerations.

After you have purchased or set up your practice:

• How to make sure you have a smooth transition;
• Ranges for acceptable overheads;
• Your new role as manager and leader;
• Strategies for success.
   

Australian clinicians are required to make their own assessment as to the number of hours of non-scientific continuing education each course provides. Accredited with CPD points from NZDA.