• Surprising Reasons NOT to Buy a Dental Practice

  • Nov 7 2024
  • Length: 31 mins
  • Podcast

Surprising Reasons NOT to Buy a Dental Practice

  • Summary

  • Buying or starting a dental practice is a major financial and professional commitment — and one of the best ways to grow your net worth while gaining work flexibility. But is it always the right move? Join financial planners Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, as they explore the top reasons not to buy a practice.

    While we're strong advocates for dental practice ownership, we also know that the “perfect” practice on paper can sometimes turn into financial regret. Discover the common pitfalls and misconceptions that lead dentists to buy for the wrong reasons, and make sure your next big step is the right one.

    Key moments:

    (05:54) The asking price is too high, making it difficult to justify the value
    (12:37) Why location and lifestyle are just as important as the numbers
    (13:39) Lack of cash reserves can leave you vulnerable to unexpected expenses
    (17:52) If you’re not comfortable with the uncertainty of owning a small business, think twice
    (24:36) Buying a practice can complicate future large purchases (like a home)

    Managing your finances doesn’t need to be painful. Book a free intro call today. Just browsing? Learn more about us at SLP Wealth.

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