Financially Simple

Making a strategic move to grow your dental practice through a merger is a big decision; one that comes with many moving parts. In this episode, I reveal some of the pros and cons of merging a dental practice to facilitate growth. I also discuss the growing trend of dental entrepreneurs joining DSOs and DMSOs. While specifically addressing dental entrepreneurs, this episode is packed full of practical information for any business owner whose exploring the option of a merger.   This week on The Financially Simple Podcast:  (1:23) Why would you consider merging a dental practice? (3:49) Benefits of merging (4:02) Revenue synergy (5:32) Cost Savings (7:18) The downside of mergers (14:50) How DSO and DMSO models differ (17:10) Considerations for merging with DSOs or DMSOs   Our Favorite Quotes:  "All businesses have problem areas and nobody wants to believe their business isn't 'beautiful.' So, you must expect the same to be true with the practice you're considering a merger with." - Justin Goo