When determining whether to purchase an office or start one from scratch, there are a lot of factors that must be considered. While it is true that with a start-up, you will have the opportunity to design the office, purchase the equipment and structure the practice as you may dream, it is important to think about the other intangibles and risks that could affect your short and long-term success.
It is important to note that many start-up practices fail due to undercapitalization or because new doctors struggle to build cash flow while battling location or economic hardships. Additionally, without consistent patient flow it becomes difficult to build management skills and make sound business decisions. Business ownership takes experience; missteps and miscalculations can be devastating. While success is certainly attainable, the path to having to close your doors prematurely is only accelerated by poor planning, flawed strategy and uninformed decision making. An experienced ADS specialist can help you avoid these costly mistakes.
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When I first decided to sell my dental practice, I was frightened, getting into dentistry is one thing, getting out is another thing entirely. ADS South made me feel at ease and gave me confidence. The appraisal and sale was handled with prompt and effective actions, with satisfaction to both the buyer and the seller.
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