Would you ever do a startup practice or is buying always the way to go? Follow me on 📸instagram.com/meyersonjoel/ and say hi 👋
@LaddDentalGroup2 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
@joshyjamestan28273 жыл бұрын
Your videos are always so informative and I LOVE IT! Big ups from Malaysia! 🔥
@jmey3 жыл бұрын
ty Joshy! I really try, so it's always nice to hear comments like these
@ricardomoon3 жыл бұрын
Increase production and decrease overhead , well said ! And that applies for all businesses 😯 Greetings from Mexico !
@jmey3 жыл бұрын
👊
@andressmith14143 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...
@jmey3 жыл бұрын
🙏 ty Andres! it's an honor
@prydegirl2 жыл бұрын
When your thrown into water you learn to swim.
@codysanders32188 ай бұрын
They earned more
@omarabassi27033 жыл бұрын
Dude you're like an international dentists' advisor!
@jmey3 жыл бұрын
an honor 😘
@stephenraydentist3 жыл бұрын
Somehow this video is even more of a banger than I thought it would be 🔥🔥🔥 amazing work, Joel!!
@jmey3 жыл бұрын
🙏 thank you Stephen!!
@zzzzzzzzzz0983 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.
@jmey3 жыл бұрын
the numbers will vary! listing prices != selling prices, and ofter the best practices aren't the ones you see in the listings ;)
@zzzzzzzzzz0983 жыл бұрын
@@jmey Great, I didn't know that. Thanks!
@happytimewithcarl7 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.radmanesh3 жыл бұрын
dramatic music in the background lol nice one
@michaelboulos87343 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?
@jmey3 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!
@michaelzimbabwe27543 жыл бұрын
Hey, could you please make a short summary about dentistry in the uk and Australia ?
@jmey3 жыл бұрын
not my area of expertise!
@samuelkrichavets56323 жыл бұрын
you give out such quality content!!
@jmey3 жыл бұрын
ty Samuel!
@Sirwillness4 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!
@dgutierr17003 жыл бұрын
What are your thoughts on going into an AEGD program vs straight into private practice? Great video once again!
@jmey3 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.
@bballfanatik233 жыл бұрын
super helpful Joel!
@jmey3 жыл бұрын
happy to hear it!
@kennethbergan54942 жыл бұрын
You say lets be conservative, but choose the best-outcome scenario
@user-my9yt9zk4cАй бұрын
Can a non dentist buy a dental practice
@chromographic3 жыл бұрын
Is there any books that you recommend reading regarding to buying a dental practice
@jmey3 жыл бұрын
nothing I've personally read
@sophiebeaver50573 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!
@jmey3 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!
@louisspear88493 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
@jmey3 жыл бұрын
most sellers push for share sales where goodwill isn't broken out anyhow
@codysanders32188 ай бұрын
I discourage any new associate dentist from watching this
@codysanders32188 ай бұрын
You sound very content on working for someone else