How To Sell Your Practice For a Bunch of Money

Building a resilient business makes it more desirable for potential buyers.

Understanding financials is crucial for making informed business decisions.

Dentists often struggle with interpreting their P&L statements.

Emotional bandwidth is necessary to engage with business management.

Entrepreneurship requires a shift in mindset from clinical work to business strategy.

Learning from financial data helps avoid emotional decision-making.

Focus on a few key metrics to track your business performance.

Owner independence is desirable for attracting investors.

Creating a robust hygiene program can enhance profitability.

Intentionality in business design is crucial for success.

Repeatability in processes leads to scalability and stability.

Don't let fear of numbers prevent you from tracking your business.

A good test of owner independence is how the business performs in your absence.

Standardization and simplification are key to success.

Retention improves when employees have clear processes.

Understanding payroll structures helps in managing costs.

Automation can streamline operations and improve access to information.

Preparing for summits fosters collaboration and knowledge sharing.