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Are You Ready to Transition from DSO to Private Practice Ownership? with Bob Affleck
Manage episode 432170630 series 3420898
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In this episode of the Fearless Dentistry Podcast, host Dr. John Gordon, a retired general dentist, converses with Mr. Bob Affleck, CEO of Dental Coach USA. They explore the challenges and opportunities for new dentists transitioning from Dental Service Organizations (DSOs) to private practice ownership. Key topics include the importance of building trust and relationships with patients, effective communication, and understanding practice valuation. They also discuss the significance of preparing for a sale, maintaining team and patient relationships, and conducting thorough business evaluations to ensure a smooth and successful transition into practice ownership.
Show Highlights:
- Challenges faced by new dentists transitioning from Dental Service Organizations (DSOs) to private practice ownership.
- Importance of building trust and relationships with patients.
- The role of effective communication in enhancing patient experiences.
- Identifying and clarifying practice goals and vision for new dentists.
- Key considerations for practice acquisition, including technology and patient base evaluation.
- Community engagement as a grassroots marketing strategy.
- The significance of education and support for new dentists entering practice ownership.
- Understanding practice valuation, including cash flow and goodwill.
- Preparing for the sale of a dental practice and the importance of financial transparency.
Links and Resources:
Connect with Bob Affleck on LinkedIn
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