Many entrepreneurial dentists aspire to expand to multiple locations to continue growing their practice. However, for dentists to own multiple group dental practices, it’s crucial to understand how to build the infrastructure to make it successful. In this episode of The Art of Dental Finance and Management podcast, Art speaks with Diwakar Sinha, Chief Development Officer at Tusk Partners, a leading dental M&A advisory firm, that helps dentists accomplish practice growth through group dental practices and dental service organizations (DSOs). Whether you’re just starting out, continuing to grow, or looking to sell, there are key areas to focus on: · Start with the end in mind · Take the initial first steps · Secure financing · Expand your growth · Manage multiple group practices · Develop an exit strategy · establish legal structure · document proper accounting As a member of Eide Bailly’s Dental Segment, Art is an experienced dental-specific CPA and practice consultant with over 36 years in the profession. Art has built his career on providing dentists with a wealth of information and guidance to help them better manage their business, motivate their team and maximize their profitability. Eide Bailly’s dental segment specializes in accounting, tax compliance and planning, financial planning, retirement planning and financial practice management consulting. Reach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist. Maximize your practice profitability with the support of our team of dental industry professionals. https://www.eidebailly.com/industries/health-care/dentists.
