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Howard Speaks: How to start your new dental office from scratch with no money down

Howard Speaks: How to start your new dental office from scratch with no money down

FromDentistry Uncensored with Howard Farran


Howard Speaks: How to start your new dental office from scratch with no money down

FromDentistry Uncensored with Howard Farran

ratings:
Length:
1 minute
Released:
Jul 12, 2021
Format:
Podcast episode

Description

How to buy a dental office with no money down. Back in the day, owners carried risk, but sellers had skin in the game. We didn’t have 3rd-party banks financing $1M+ dental practices to broke kids fresh out of dental school, getting their poor parents to co-sign, where if their kid couldn’t do the numbers and it went south, then it was an emotional disaster for the whole family. Greed sucks. Find a job as an associate where the owner/mentor Doc knows you want to buy it after an appropriately long courtship period. Have Doc finance it at 10% over seven years so everyone has skin in the game. If they don’t want to be on the hook for the whole enchilada, then stand your ground with the seller-Doc that they must at least carry half the risk. Otherwise, the seller doesn’t have faith in you like I do! You didn’t go to dental school for eight years to be somebody’s bitch. Just stop letting fear live rent-free between your ears and invest in yourself! If you work like no one has for a decade, then you can live like no one has for the rest of your life. Same advice for starting a family, I made my four boys in 60 months. So don’t overthink it, just get this party started.
Released:
Jul 12, 2021
Format:
Podcast episode

Titles in the series (100)

POWERED BY DENTALTOWN.COM Uncomplicate your dental life with Dr. Howard Farran as he interviews your fellow townies and leaders in dentistry! Dentists and dental professionals share their wisdom to make your dentistry faster, easier, higher in quality and lower in cost. Episodes released every week day with the full transcripts at dentaltown.com/podcasts.