The Practice Buyer's Corner - Random Musings from the Buy-Side
The Practice Buyer's Corner - Random Musings from the Buy-Side
The purpose of this blog is to share current, real world, experiences on the topics of practice valuation, practice transition, retirement planning, and building equity value - over time - in your dental practice.
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seanepp
seanepp

Building Your Advisory Team, Avoiding Conflicts of Interest, and Securing Indepedence

2/23/2014 9:03:04 PM   |   Comments: 0   |   Views: 47661
As a new grad, transition doctor, or established private practitioner you are most likely bombarded by a wide variety of vendors seeking to offer advice.

These advisors can come from many fronts - dental school instructors, mentor dentists, supply and equipment vendors, practice lenders, dental CPAs and lawyers, practice brokers, dental consultants, etc.

Whatever path you choose, be sure you can triangulate on any given opportunity by getting impartial feedback from several sources, none of which stand to personally gain from your decision. 

It may cost you some money, but don't spend dollars to save pennies.  The wrong practice purchase/investment can be personally financially ruinous for a solo practitioner.

Sometimes the best deals are the ones you decline!

Cheers,

Sean
 
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