The Dental Head Start Podcast Dental Business Head Start #3 – What to look for when buyinh your first dental practice with Dr Jesse Green
Hosted by Dr David Keir
Are you contemplating diving into practice ownership? Get ready to unlock the secrets of successful practice acquisition with our Dental Business Head Start series! Join Dr. David Keir and Dr. Jesse Green from the Savvy Dentist podcast as they unravel the mysteries of buying a dental practice.
In this episode we explore the essential foundations for successful practice ownership, including:
- Clinical proficiency requirements before taking the plunge
- Financial benchmarks to understand before purchasing
- Business knowledge essentials every new owner needs
- Personal and emotional readiness factors to consider
- Building your support network of mentors and advisors
Whether you’re a new graduate planning your career path or an associate dentist considering your next move, this conversation provides practical insights to help you determine if you’re ready for the responsibilities and rewards of practice ownership.Remember: The path to ownership isn’t just about clinical skills – it requires business acumen, emotional resilience, and proper planning. Learn from those who’ve walked this path before you!What are your practice ownership goals? Share your thoughts and questions in the comments!Subscribe to the Dental Head Start podcast and share this episode with a colleague who might benefit from these invaluable insights!
Key moments
03:15 – Startup vs Buying: Key Differences
08:11 – Financial Considerations for Startups
12:37 – Avoiding Common Startup Mistakes
16:05 – What You’re Really Buying in a Practice
20:11 – Practice Database and Patient Flow
23:53 – Building a Practice with the End in Mind
28:05 – Valuation Formula and Multiples
33:18 – Finding Practices and Working with Brokers
36:45 – Negotiation and Relationship Building
41:36 – Maximizing Your Practice Investment
44:45 – Red Flags When Buying a Practice
47:22 – Importance of Lease Terms and Guarantees
Thank you to our sponsors…
Dental Protection Limited
Dental Protection have proudly been supporting the Dental Head Start podcast since day one! The Dental Protection team understands the ever-changing challenges faced by dental professionals and we take our responsibility to members seriously. Our professional protection package helps you practise with confidence, safe in the knowledge that we are always by your side if things go wrong. With over 40 years protecting Australian dental professionals, we have the global stability and financial resilience to be by you
Dental Advice Network
This episode of the Dental Head Start Podcast is proudly supported by Dental Advice Network.
Whether you’re one year out or forty, we all have clinical questions—and it’s OK not to have all the answers. That’s exactly why the Dental Advice Network exists. With leading experts like Dr Omar Ikram (Endodontist), Dr Amanda Phoon Nguyen (Oral Medicine Specialist), Dr Steven Parker (Dental Sedationist), Dr Manu Ayer (Specialist Anaesthetist), Professor Ian Myers (Restorative expert), Dr Kar Mun Chan (Specialist Paediatric Dentist) and Associate Professor Geraldine Moses (Dental Therapeutics and Pharmacology expert), it’s your go-to place for clinical advice, case support, and evidence-based insights.
From medication queries to red flags in oral pathology—or even just a second opinion—Dental Advice Network connects you to trusted voices in dentistry and medicine, including an in-house medical doctor. You’ll also get access to clinical webinars, CPD content, and curated updates to stay ahead in your practice.
It’s peace of mind, peer support, and education—all in one place.
And for Dental Head Start listeners, we’ve teamed up with Dental Advice Network to bring you an exclusive 10% discount when you subscribe. Just use the code HEADSTART10 at checkout. Plus—if you’re a first-year graduate, you already get a massive 50% off.
Check them out at dentaladvicenetwork.com.au, and thank you to Dental Advice Network for supporting the next generation of dental professionals and the Dental Head Start podcast.
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