Shared Practices | Your Dental Roadmap through Practice Ownership Ask George - Ready to Grow Practice
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Jun 30, 2025 Thinking about buying a dental practice? Discover how to spot 'ready to grow' opportunities and avoid common pitfalls! The hosts dive into the emotional rollercoaster of practice ownership and the importance of patient retention. Learn how to define your ideal practice model and identify your professional goals. Gain insights into choosing the right growth strategy and maximizing profitability by analyzing crucial data. It’s all about transforming practices into thriving business entities!
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Ready to Grow Practice Concept
- Buying the largest cash flowing dental practice is not always best for growth.
- A "ready to grow" practice with untapped overdue recare potential offers better sustainable growth opportunities.
Avoid Ready to Shrink Practices
- Avoid practices that might shrink after purchase due to aggressive treatment or lack of growth potential.
- Look for practices with clear growth opportunity to confidently "waltz" into ownership.
Overdue Recare Drives Growth
- Overdue recare patient base is the primary driver for growing a ready to grow dental practice.
- Reactivating these overdue patients creates a significant "shot in the arm" for practice growth.