@jmey 3 жыл бұрын
Would you ever do a startup practice or is buying always the way to go? Follow me on 📸instagram.com/meyersonjoel/ and say hi 👋
@LaddDentalGroup 2 жыл бұрын
Great video!! From our experience, it's all about EBITDA multiples (3-7x). It is very hard to sell offices at Gross Revenue nowadays
@joshyjamestan2827 3 жыл бұрын
Your videos are always so informative and I LOVE IT! Big ups from Malaysia! 🔥
@jmey 3 жыл бұрын
ty Joshy! I really try, so it's always nice to hear comments like these
@ricardomoon 3 жыл бұрын
Increase production and decrease overhead , well said ! And that applies for all businesses 😯 Greetings from Mexico !
@jmey 3 жыл бұрын
👊
@andressmith1414 3 жыл бұрын
I feel very fortunate to have resources on KZfaq like Dr. Meyerson and Stephen Ray while I begin the application process for dental school. I can only imagine how hard it was for dentists 10+ years ago who had to figure out everything on their own...
@jmey 3 жыл бұрын
🙏 ty Andres! it's an honor
@prydegirl 2 жыл бұрын
When your thrown into water you learn to swim.
@codysanders3218 8 ай бұрын
They earned more
@omarabassi2703 3 жыл бұрын
Dude you're like an international dentists' advisor!
@jmey 3 жыл бұрын
an honor 😘
@stephenraydentist 3 жыл бұрын
Somehow this video is even more of a banger than I thought it would be 🔥🔥🔥 amazing work, Joel!!
@jmey 3 жыл бұрын
🙏 thank you Stephen!!
@zzzzzzzzzz098 3 жыл бұрын
Incredibly helpful video, Joel! I noticed that my valuations when I did research was different from yours. In NYC, the valuations were around 50-90% of the revenue, and when I looked up some practices, that seemed to be the case.
@jmey 3 жыл бұрын
the numbers will vary! listing prices != selling prices, and ofter the best practices aren't the ones you see in the listings ;)
@zzzzzzzzzz098 3 жыл бұрын
@@jmey Great, I didn't know that. Thanks!
@happytimewithcarl 7 ай бұрын
Wow this was so incredibly helpful, thank you!!
@Nick-lf2jo Жыл бұрын
Joel, I see quite a few practices for sale in Southern Ontario. Are you available as an advisor ?
@dr.radmanesh 3 жыл бұрын
dramatic music in the background lol nice one
@michaelboulos8734 3 жыл бұрын
Love the video! Currently studying for the DAT and these videos help me focus on the end game. Do a majority of dentists have a hygienist working under them? And what are the pros and cons of doing so?
@jmey 3 жыл бұрын
yes, almost every dental practice employs hygienists. Hygiene is a key part of overall oral health, and a great way to see patients and diagnose work that needs to be done. And ty!
@michaelzimbabwe2754 3 жыл бұрын
Hey, could you please make a short summary about dentistry in the uk and Australia ?
@jmey 3 жыл бұрын
not my area of expertise!
@samuelkrichavets5632 3 жыл бұрын
you give out such quality content!!
@jmey 3 жыл бұрын
ty Samuel!
@Sirwillness 4 ай бұрын
Hi Dr Joel, can I purchase an existing practice if I’m not yet a dentist? Assuming I have the money liquid.
@DentalWealthNation Жыл бұрын
Good stuff!
@dgutierr1700 3 жыл бұрын
What are your thoughts on going into an AEGD program vs straight into private practice? Great video once again!
@jmey 3 жыл бұрын
I can't tell you what's best for you, but for me (and what I recommended to my fiance) going straight into private practice to earn more, get more reps in, and take the CE I choose to do (vs. what an AEGD decides to teach me) was a no-brainer and ty!!
@TheBriansle Жыл бұрын
if you can go into practice. go straight into it. dentistry is all about real world reps. The best places are actually large dental corporate clinics where you'll just be working likee a drone. That's the best way to get reps.
@bballfanatik23 3 жыл бұрын
super helpful Joel!
@jmey 3 жыл бұрын
happy to hear it!
@kennethbergan5494 2 жыл бұрын
You say lets be conservative, but choose the best-outcome scenario
@user-my9yt9zk4c Ай бұрын
Can a non dentist buy a dental practice
@chromographic 3 жыл бұрын
Is there any books that you recommend reading regarding to buying a dental practice
@jmey 3 жыл бұрын
nothing I've personally read
@sophiebeaver5057 3 жыл бұрын
Hey Joel! I’m starting dental school this fall, and I was wondering if you had tips/tricks or things you wish you knew before you started!
@jmey 3 жыл бұрын
tbh my whole channel is things I wished I knew before I started! check out some of my older videos, including my videos with my fiance Dani, where I discuss lots of learned that I wish I knew sooner. Congrats on starting, good luck!
@louisspear8849 3 жыл бұрын
One concern. You mentioned monthly production - loan amount.. what you did not account for is that you pay back most of the loan of the practice the “good will” with post tax dollars… this matters significantly
@jmey 3 жыл бұрын
most sellers push for share sales where goodwill isn't broken out anyhow
@codysanders3218 8 ай бұрын
I discourage any new associate dentist from watching this
@codysanders3218 8 ай бұрын
You sound very content on working for someone else
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