Shared Practices | Your Dental Roadmap through Practice Ownership Ask George - Should You Start or Acquire Practice #2 and Beyond?
Mar 17, 2025
Expanding your dental practice isn’t just about opening new locations; it's a complex journey filled with critical decisions. The conversation highlights the need for passion, clear goals, and self-assessment before diving into multi-practice ownership. The speakers weigh the pros and cons of startups versus acquisitions, stressing the importance of a solid foundation and effective leadership. They caution against reckless growth and emphasize quality management, all while sharing lessons from their own experiences in the dental field.
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Determine Your Scale
- Define your multi-practice size goal (2-3, 4-8, or 9-20 offices).
- Understand central support costs affect profitability in larger groups.
Clinical vs. Management Role
- In a 2-3 office model, you can still practice clinically.
- A 4-8 office model likely requires a full transition to management/mentorship.
Long-Term Vision
- Decide if your long-term plan is to build a cash-flowing asset or to eventually sell.
- These require different growth strategies and priorities.