Dentists Who Invest Podcast Buying A Dental Practice In 2024 with Kevin Saunders DWI-EP203
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Navigate the nuanced world of dental practice buying with finance maven Kevin Saunders, as 2024 presents a whole new playing field. We dissect the impact of last year's market swings and interest rate hikes, discussing how these changes shape your approach to acquiring a dental practice. Kevin lends his sharp expertise on the resurgence of interest in practice purchases, guiding us through the crucial steps of financial vetting and setting realistic vendor expectations amidst heightened borrowing costs. For anyone pondering the leap from associate to owner, this conversation offers a wealth of advice on navigating the stricter lending landscape and strategically selecting a practice with true potential for growth and profitability.
This episode isn't just a rundown of numbers and market trends; it’s a masterclass in the financial and personal commitment behind a successful practice acquisition. With Kevin’s insights and our listeners' interactive contributions, we delve into what it really takes to make a sound investment in today’s dental industry. And as we wrap up, we ensure you're not left hanging; details for reaching out to Kevin post-show are shared, and we set the stage for future discussions in 2024 that promise to reflect on how these insights hold up as the market continues to evolve. Tune in for an episode that's as informative as it is essential for any dentist ready to take the reins of their own practice.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.