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Growing Your Dental Practice to Multiple Locations: Tips for Success
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
- Establish legal structure
- Document proper accounting
- Secure financing
- Expand your growth
- Manage multiple group practices
- Develop an exit strategy