Most dentists leave dental school with very little idea about how to run a business, and Dr. Disraeli was no exception. Through his real-life experiences of building his practice, Dr. Disraeli offers insightful, practical advice on how to be successful dentist without making many of the trial-and-error mistakes most dentists make along the way. Using his real-life stories as teaching tools, Dr. Disraeli addresses questions most dentists don't think about until it's too late, such as: How do you interview for staff? How should your scheduler handle a myriad of questions? What does internal (and external) marketing look like? As a trusted dentist and mentor for over 30 years, Dr. Disraeli can teach you the skills needed to run an ethical and thriving practice.
Most dentists leave dental school with very little idea about how to run a business, and Dr. Disraeli was no exception. Through his real-life experiences of building his practice, Dr. Disraeli offers insightful, practical advice on how to be successful dentist without making many of the trial-and-error mistakes most dentists make along the way. Using his real-life stories as teaching tools, Dr. Disraeli addresses questions most dentists don't think about until it's too late, such as: How do you interview for staff? How should your scheduler handle a myriad of questions? What does internal (and external) marketing look like? As a trusted dentist and mentor for over 30 years, Dr. Disraeli can teach you the skills needed to run an ethical and thriving practice.
Dr. David Willis combines his experience as a practicing dentist, educator, MBA, and certified financial planner in this breakthrough text about managing a dental business. Rather than a checklist of steps for success, Business Basics for Dentists describes business, economic, marketing, and management principles and explains how to apply them to the dental practice. Dental students and new practitioners will learn how to use the core strategic and operational business philosophies to develop an effective dental practice. He provides the essential elements of a business course--management principles, economics, business finance, and financial analysis--without bogged down in too much detail. These are then related specifically to various aspects of running and managing a dental practice, including office communications, billing, inventory, and marketing the practice. All aspects of practice transition are approached: career opportunities, buying a practice, starting a new practice, multi-practitioner arrangements, practice valuation, and planning and developing a practice. Last, Willis included personal financial planning to ensure that the dentist is also planning for his own finances and retirement beyond the bounds of the practice.
This book explores the interface between clinical dentistry and the management of a modern dental practice. It covers a range of business areas, including the principles of financial management and the use of financial ratios and indicators in relation to practice profitability. There will be an overview of modern marketing techniques including the concept of branding.
You applied to dental school to become a Dentist. Being a business manager was not likely on your radar. That's where we come in. We provide dentists with the tools and support to achieve results quickly, so you can enjoy practicing dentistry and your life! We know that dental practices are most successful when the entire team is connected, has needed resources and is consistently motivated. The Dental Business: A Blueprint for Successwill show you how to run a successful dental practice. Included are tools for every stage of your practice and career alike. By implementing the systems provided in this book, you will achieve results that normally take years, in a very short period of time. For more information about our Coaching and Consulting services please, email us at: [email protected]. You can also learn about us at www.TheDentalBusiness.com. "You really can have the successful practice you desire; enjoy going to work each day, have a patient base that happily refers to you and enjoy worry-free time away from the office." - Mary Fisher-Day "Hiring Mary as my Dental Consultant was the best thing I ever did for my Practice. She helped me reach 5 and 10 year goals in less than 2 years. Her ability to evaluate my Practice, find the problem areas and address those areas with results, in a very short period of time, amazed me. I actually have a life outside the office and the financial freedom I hoped to have 10 years from now." -Dr. James Richardson Before hiring Mary, we had no idea where our overhead stood. We knew something was out of whack but didn't know where to begin to find the problem. Mary evaluated our overhead, pointed out areas that were in line and areas that needed work. With her help we now have systems in place to monitor our overhead and have the knowledge and tools to keep it in line. In addition, we have fine-tuned our business office and have collections consistently at 98% or above. Our recall percentage is well above the norm and our Hygiene department is more efficient and productive than we ever thought it could be. It's nice to have a competent, dependable Consultant who listens and will tailor Management for the individual needs of the practice." -Doctors Doug and Cathy Smith
Business Basics for Dentists Concise yet comprehensive overview of business management principles tailored for dental practices, with strategies to apply the core concepts to achieve success Rather than presenting a rote checklist of steps for success, Business Basics for Dentists, Second Edition describes business, economic, marketing, and management principles and explains how to apply them to dental practice. Now fully updated throughout, this book provides the essential elements of a business course—management principles, economics, business finance, and financial analysis—without getting bogged down in too much detail. Dental students and new practitioners will learn how to use the core strategic and operational business philosophies to develop an effective dental practice. The business management principles are related to various aspects of running and managing a dental practice, including office communications, billing, inventory, and marketing. All aspects of practice transition are approached, including career opportunities, buying a practice, starting a new practice, multi-practitioner arrangements, practice valuation, and planning and developing a practice. The book also covers personal financial planning to ensure that the dentist is also planning for their finances and retirement beyond the bounds of the practice. Business Basics for Dentists, Second Edition covers: Personal money management and insurance needs, reducing the personal tax burden, estate planning, and securing financing Business entities, basic economics, the legal environment of the dental practice, financial statements, and business taxes and tax planning Management principles, planning the dental practice, financial analysis, and control in the dental office, maintaining production and collections, and gaining case acceptance Generating patients for the practice, controlling costs, promoting staff effectiveness, and maintaining daily operations Focusing on the transition period from a dental student, through corporate employee, to ownership, Business Basics for Dentists is a valuable tool for dental students and professionals seeking to further their career path through actionable advice from experts in the field.
Your Niche Can Make You Rich! Make Your Dental Practice into a Multi-Million-Dollar Business. For years, Dr. Jerry Lanier, DDS, has wanted to write a book for dentists about exiting their dental businesses rich. And now that he has become an eminently successful entrepreneur, he has fulfilled that wish with the publication of The Entrepreneur Dentist. Dr. Lanier's book is for every dentist whose ideas of retirement have less to do with downsizing and more to do with travel and living the good life--with absolutely no concerns about money. Aspiring dental entrepreneurs will find Dr. Lanier's book thorough, accessible, and informative. The Entrepreneur Dentist contains everything successful dentists with big dreams need to know about building a dental business and exiting with wealth. Dr. Lanier shows how the future you've dreamed for yourself and your family can become reality--because you've planned for that future with advice from this exceptional entrepreneur. In 1994, Dr. Jerry Lanier opened his first Kids Dental Kare office, and by 2017, he had 14 offices, employed close to 150 employees, twenty-five associate dentists, and was generating $20 million per year in revenue. When he sold that business, he was on the way to living the life of his dreams. He wants to show you how to plan ahead so you can do the same with your dental practice. This strategy-and-tactics field manual shows future dental entrepreneurs how to take the right steps so you can carve out successful enterprises over the long term. Dr. Lanier covers the ins and outs of building a thriving dental business, both from macro and micro perspectives, and includes practical steps you should take and pitfalls you can avoid. This valuable book will take you from being an aspiring dental entrepreneur with a sole proprietorship to business ownership--and finally, to a lucrative exit to the life of your dreams. Major topics in the book include: • Defining the dental market and learning how to take advantage of opportunities in it • Breaking down the dental niche strategy • Choosing a location (markets, demographics, and other practical considerations • Marketing and messaging • Infrastructure (staffing, processes and procedures, systems) • Building a team (becoming the boss, hiring dentists, managers, and other key players) • Growth and expansion and getting ready to exit
Whether you are a new dentist opening your first practice or an experienced dentist looking to take your current practice to the next level, Dr. Edward Logan's new book on dental practice growth will help you achieve your goals. Written by a dentist for dentists, Dentistry's Business Secrets reveals the vital business truths Dr. Logan perfected while growing three successful dental practices from scratch.
Any professional practice transition activity--whether buying, selling, or associating--is one of the most important events that will happen in your professional career. Making a mistake in the process can have long-lasting effects on any or all of the parties to a transition. Dental Practice Transitions Handbook will provide you with the answers to basic questions when considering any transition. It is not intended to replace the experts, brokers, consultants, attorneys, accountants, and financial advisors that should be consulted as you proceed through a transition, but it should give you an understanding of the process, what to expect, and a starting point from which to begin your journey. About the Author H. M. Smith has earned a masters in business administration and is founder of Professional Transitions, a dental practice transitions consulting firm. He has been involved in dentistry for over thirty-five years and is currently the director of Transition Strategies at the Pride Institute. He has lectured at the University of Florida and Nova Southeastern University, and has presented a practice management course on transition strategies to the University of the Pacific, Marquette, and Indiana University dental schools. Mr. Smith is past president of the ADS (American Dental Sales), a member of the Practice Valuation Study Group, and a member of the Institute of Business Appraisers. He has also written numerous articles for Dental Economics on transition subjects and issues. Endorsements "If you now or ever will own, sell, or work in a dental practice this book is a must read. Hy's decades of experience in creating WIN-WIN-WIN (seller-buyer-patients) transactions is yours in a clear, concise, and entertaining account. Wherever you are in your career, the tools to create your ideal future lie within these pages." Gary M. DeWood, DDS, MS, Executive VP, Spear Education "In my long experience of working with dentists at every phase of their professional careers, I have found that finding values-driven WIN-WIN advice in transitions to be difficult and frustrating. At the Pride Institute, we trust Hy Smith's integrity and expertise! Dentists deserve good, fair information and counsel that supports their transition choices. This book delivers." Amy Morgan, CEO, The Pride Institute "No one knows more about buying or selling a professional practice than Hy Smith. My own transaction benefited greatly from his knowledge and thirty years of experience. I can't imagine anyone buying or selling without consulting this book first." Gerardo Santiago, DDS "Buying or selling a practice is full of pitfalls. Trying to do so without the help of a consummate professional like Hy Smith is a folly. My own experience couldn't have been better, thanks to his firm. I would urge any professional to read this book and consult with Hy Smith before taking action." Ron Gillenwaters, DDS
Ideal for dentists and dental practice managers. Provides guidance on evaluating and improving scheduling, internal controls, payment systems, patient satisfaction and retention, social media and your online reputation.
