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Dental Practice Transition : a Practical Guide to Management.

Author: David G Dunning; Brian M Lange
Publisher: Hoboken : Wiley, 2016.
Edition/Format:   eBook : Document : English : 2nd edView all editions and formats
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Dunning, David G.
Dental Practice Transition : A Practical Guide to Management.
Hoboken : Wiley, ©2016
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David G Dunning; Brian M Lange
ISBN: 9781119119463 1119119464
OCLC Number: 953661527
Notes: Assessing Your Future.
Description: 1 online resource (673 pages)
Contents: Title Page; Copyright; Contributor List; Preface; About the Companion Website; Part 1: An Introduction to Practice Transition, Dental Practice Financial Statements and Practice Financial Analysis; Chapter 1: Introduction and Overview; Career Choices; The Current Market and Its Implications for You; The "Bermuda Triangle" of Practice Transition; Selecting Key Advisors; References and Additional Resources; Chapter 2: Financial Statements; Types of Financial Statements; Using Financial Statements; References and Additional Resources; Chapter 3: Practice Financial Analysis. Dental Office Financial AnalysisDental Practice Costs; Financial Analysis: Quantitative Measures of Quality Management for a General Dental Practice; Practice Analysis; Application to Associateships and Practice Purchase; References and Additional Resources; Part 2: Ownership: Business Planning, Practice Valuation, Dental Equipment, Buying/Buying into a Practice, Starting a Practice, Financing a Practice, and Business Entities; Chapter 4: Business Planning: From the Perspective of the Dentist and the Banker; The Management Process as a Foundation for Planning; What Is a Business Plan? Business Plan FormatElements of the Plan; Resources for Business Plans; Key Points; References and Additional Resources; A Sample Business Plan (Figure 4.3); Chapter 5: Understanding Practice Valuation; Introduction; Overview of the Process; Appraisal Methods; Factors Affecting Practice Value; Historical Performance versus Future Earnings; Other Issues in Practice Appraisals and Sales; Valuation Exercise; Conclusion; References and Additional Resources; Chapter 6: Dental Equipment; Tips on Buying New Equipment; What to Look for in Used Equipment. Valuation of Used Dental Equipment/Determining Fair Market ValueMaintaining Equipment; Final Helpful Hints; References and Additional Resources; Chapter 7: Buying/Buying into a Practice; Choosing the Right Location; Deciding to Buy out or Buy into a Practice; Due Diligence; Financial Statements and Tax Returns; Accounts Receivable; Existing Equipment Leases; Financial Forecasting; Common Transactions; Contracts; Key Points; References and Additional Resources; Chapter 8: Starting a Dental Practice; "I Want to Be My Own Boss"; Are You an Entrepreneur?; Other Considerations. Step-by-Step Process for Starting a PracticeReferences and Additional Resources; Chapter 9: Financing a Practice; Introduction; Financing Dental Transitions: The State of the Industry; Historical Perspective; Preparing for a Practice Acquisition Loan; Preparing Your File for a Commercial Lender; Understanding the Commercial Lender; Seller Financing; Local Bank; SBA Loans; Specialty Lenders; Loan Brokers; Questions to Ask Potential Lenders; Analysis of the Buyer; Analysis of the Practice; Loan Terms, Rates, and Typical Conditions; How to Maintain an Excellent Relationship with a Lender.

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"This would be a wonderful book for senior dental students and dental residents who are planning for their future." ("Doody's Reviews," May 2009)

 
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