The Practice Purchased Podcast

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Learn step-by-step the process to find, analyze, negotiate and purchase the very best dental practice for you. Each episode is 20 minutes or less to respect your time. No outside ads. No filler. Just tangible, specific and real tips from Brian Hanks, a ve

Brian Hanks


    • Mar 1, 2024 LATEST EPISODE
    • infrequent NEW EPISODES
    • 20m AVG DURATION
    • 74 EPISODES

    Ivy Insights

    The Practice Purchased Podcast is an exceptional resource for anyone considering purchasing a dental practice. Brian Hanks, the host of the podcast, provides valuable insights and advice throughout each episode. The podcast offers a wealth of information and practical tips, making it a must-listen for those embarking on the journey of practice ownership.

    One of the best aspects of this podcast is the depth of knowledge shared by Brian and his guests. Season 2, in particular, stands out as it features interviews with doctors who have gone through the process of purchasing a practice. These interviews provide real-life experiences and perspectives that are incredibly helpful for listeners. Additionally, Brian summarizes the key points from each interview at the end of the episode, ensuring that listeners understand and retain the valuable information shared.

    Another great aspect of this podcast is its format. Each episode focuses on a specific topic related to buying a dental practice, such as getting a practice loan or evaluating potential practices. The episodes are concise and well-structured, with no rambling or tangents. Brian clearly puts in time and effort into planning each episode to ensure that the information provided is concise and easily digestible.

    Furthermore, it's worth mentioning that all this valuable content is provided for free by Brian Hanks. This is a generous offering that allows aspiring practice owners to access essential resources without any financial burden.

    In terms of drawbacks, there are none significant enough to detract from the overall quality of this podcast. Some listeners may prefer longer episodes or more in-depth discussions on certain topics. However, given the nature of this podcast as an informational resource, it strikes the perfect balance between providing sufficient detail while keeping episodes focused and efficient.

    In conclusion, The Practice Purchased Podcast is an invaluable resource for anyone considering buying a dental practice. Brian Hanks shares his expertise in a concise and engaging manner while also featuring real-life experiences from other doctors who have gone through similar journeys. This podcast provides essential information and guidance, ensuring that listeners are well-informed and prepared for the process of practice ownership. Whether you are a seasoned dentist or just starting out, this podcast is a must-listen.



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    Latest episodes from The Practice Purchased Podcast

    s6e20 - BONUS: A Conversation with Bloody Tooth Guy, part 2

    Play Episode Listen Later Mar 1, 2024 18:22


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In these BONUS season 6 episodes, I have a conversation with Jason Auerbach, aka Bloody Tooth Guy. We have a pretty wide-ranging conversation with plenty of wisdom for young dentists. What should your goals be? How quickly can you expect to achieve them? And lots, lots more.   Check out more from Bloody Tooth Guy here: https://bloodytoothguy.com/   Find me at DentalBuyerAdvocates.com

    s6e19 - BONUS: A Conversation with Bloody Tooth Guy, part 1

    Play Episode Listen Later Mar 1, 2024 14:41


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In these BONUS season 6 episodes, I have a conversation with Jason Auerbach, aka Bloody Tooth Guy. We have a pretty wide-ranging conversation with plenty of wisdom for young dentists. What should your goals be? How quickly can you expect to achieve them? And lots, lots more.   Check out more from Bloody Tooth Guy here: https://bloodytoothguy.com/   Find me at DentalBuyerAdvocates.com

    s6e18 - Dental Membership Plans, part 2

    Play Episode Listen Later Sep 22, 2023 23:04


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. The final two episodes of this season are all about dental memberships. How do you alleviate the fear of patient attrition? Many dentists have leaned into the idea of dental memberships. How do they work? What is their value? Is this an avenue you should look into for your own practice?   Check out Dental Menu here: https://www.dentalmenu.com/    Find me at DentalBuyerAdvocates.com

    s6e17 - Dental Membership Plans, part 1

    Play Episode Listen Later Sep 15, 2023 21:23


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. The final two episodes of this season are all about dental memberships. How do you alleviate the fear of patient attrition? Many dentists have leaned into the idea of dental memberships. How do they work? What is their value? Is this an avenue you should look into for your own practice?   Check out Dental Menu here: https://www.dentalmenu.com/   Find me at DentalBuyerAdvocates.com

    s6e16 - What happens if credentialing takes you past closing?

    Play Episode Listen Later Sep 8, 2023 9:10


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. Today's is a solo episode, and much like the title suggests, it's all about credentialing. After all, the most important thing for the health of your business is to be sure that you get paid for the work you do. So as you're progressing toward closing on a practice purchase, how do handle the timing of insurance credentialing?   Find me at DentalBuyerAdvocates.com

    s6e15 - Tackling the Real Estate Question, part 2

    Play Episode Listen Later Sep 1, 2023 32:56


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In this episode I wrap up my conversation with Michael Jorgensen from Carr Healthcare Realty about the issues around real estate in dentistry. Many dentists forget that real estate is part of a practice purchase, and then are unsure about how to deal with it, whether to hire someone, whether to buy or rent, and so on. In these episodes we tackle these questions and more.   Check out Carr Healthcare Realty here: https://carr.us   Find me at DentalBuyerAdvocates.com

    s6e14 - Tackling the Real Estate Question, part 1

    Play Episode Listen Later Aug 25, 2023 32:27


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In this episode I speak with Michael Jorgensen from Carr Healthcare Realty about the issues around real estate in dentistry. Many dentists forget that real estate is part of a practice purchase, and then are unsure about how to deal with it, whether to hire someone, whether to buy or rent, and so on. In these episodes we tackle these questions and more.   Check out Carr Healthcare Realty here: https://carr.us   Find me at DentalBuyerAdvocates.com

    s6e13 - Dental Marketing Done Right, part 2

    Play Episode Listen Later Aug 18, 2023 20:17


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In this episode I continue my conversation with Kayvan Mott from DocSites about digital marketing, the importance of your footprint, and what you should expect when looking at the marketing presence for a practice you're thinking of buying.   Check out DocSites here: https://www.docsites.com/   Find me at DentalBuyerAdvocates.com

    s6e12 - Dental Marketing Done Right, part 1

    Play Episode Listen Later Aug 11, 2023 26:44


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In this episode I speak with Kayvan Mott from DocSites about digital marketing, the importance of your footprint, and what you should expect when looking at the marketing presence for a practice you're thinking of buying. If the ending of this one feels a bit abrupt, don't worry, part 2 is coming up next week!   Check out DocSites here: https://www.docsites.com/   Find me at DentalBuyerAdvocates.com

    s6e11 - Your Checking Account Is a Bigger Decision than You Think

    Play Episode Listen Later Aug 4, 2023 10:29


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions.   Today's solo episode is all about your business checking account. Sound too obvious and straightforward? It's more complex--and important--than you might think. This account will be the hub around which much of your business finances revolve, so it's important to consider carefully where you open it. I'll give you some things to watch for as you make this important decision.   Find me at DentalBuyerAdvocates.com

    s6e10 - More Insurance, What to Know Before You Buy

    Play Episode Listen Later Jul 28, 2023 60:04


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions.   In this episode I talk with Ben Tuinei from Veritas Dental Resources, and we dig even deeper into the issue of insurance negotiations. This time, it's about what you need to know before you ever buy the practice. Set up insurance collections right and you'll get paid what you're owed; do it wrong and you'll miss out on thousands in potential revenue.   Check out Veritas here: https://veritasdentalresources.com/    Find me at DentalBuyerAdvocates.com

    s6e9 - Insurance Negotiation and Optimization

    Play Episode Listen Later Jul 21, 2023 27:04


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. Get every dollar you're owed! In this episode I talk with Vincent Crump, CEO of Midline Dental Partners. His job is to help you get the maximum amount of money for each procedure you do. He can train your front desk staff, he can help with insurance negotiations, and in this case, he'll divulge a few of the most important things you need to know as a new owner when it comes to your revenue.   Check out Midline Dental Partners   Find me at DentalBuyerAdvocates.com

    s6e8 - Don't Screw Up ”The Letter” to Your New Patients

    Play Episode Listen Later Jul 14, 2023 6:24


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. When you finally buy your practice, you'll need to notify patients about the new ownership. This is usually done by letter, and there are good and bad ways to go about writing and sending that letter. In this very short episode, I'll lay out my best practices.   Find me at DentalBuyerAdvocates.com

    s6e7 - Part 2, How--and Why--to Hire a Great Consultant for Your Dental Practice

    Play Episode Listen Later Jul 7, 2023 18:45


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In this episode I conclude my talk with Kiera Dent from the Dental A-Team. Kiera is not only one of my favorite people, she's also an amazing dental-specific consultant. She walks me through what makes a good dental consultant, and how to spot one.   Please check out the Dental A-Team here.   Find me at DentalBuyerAdvocates.com    

    s6e6 - How--and Why--to Hire a Great Consultant for Your Dental Practice

    Play Episode Listen Later Jun 30, 2023 23:38


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. In this episode I talk with Kiera Dent from the Dental A-Team. Kiera is not only one of my favorite people, she's also an amazing dental-specific consultant. She walks me through dental consulting, what you should expect as a client, and why it's so vital for new practice owners.   Please check out the Dental A-Team here.   Find me at DentalBuyerAdvocates.com

    s6e5 - What Effective Dental Marketing Looks Like

    Play Episode Listen Later Jun 23, 2023 24:05


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. Today's episode is all about effective marketing. What does effective dental marketing look like? How do you evaluate the marketing of a practice you're thinking of buying? And how do you implement best practices yourself once you're the owner? I'm joined by Grace Rizza of Identity Dental Marketing to learn more.   Find Grace and Identity Dental Marketing here.   Find me at DentalBuyerAdvocates.com

    dental marketing grace rizza identity dental marketing
    s6e4 - How to Choose a Dental Accountant

    Play Episode Listen Later Jun 16, 2023 19:27


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. Today's episode is a solo one, all about choosing a dental accountant, bookkeeper, or CPA. This person (or people) will be vital to the success of your business, so it's important to get this relationship right.   Find me at DentalBuyerAdvocates.com

    s6e3 - Google Reviews Are Vital

    Play Episode Listen Later Jun 9, 2023 9:12


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions. Today's episode is a solo one, all about Google reviews. Why they matter, how to get positive ones, and so on.   Find me at DentalBuyerAdvocates.com

    s6e2 - HR Issues for New Owners, Part 2 - with Kara Kelly of Clinical HR

    Play Episode Listen Later May 26, 2023 25:16


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions.   Check out Clinical HR at https://www.clinicalhr.com/  And of course, find me at DentalBuyerAdvocates.com

    s6e1- HR Issues for New Owners, Part 1 - with Kara Kelly of Clinical HR

    Play Episode Listen Later May 12, 2023 23:46


    Season 6 is all about transition issues for you, the buyer. What do you as a soon-to-be practice owner need to start thinking about? After you've decided to purchase your dream practice, how do you deal with the staff, the patients, the money issues you're going to come up against? I'll talk with experts and even do some solo episodes to explore these questions.   Check out Clinical HR at https://www.clinicalhr.com/  And of course, find me at DentalBuyerAdvocates.com

    s5e6 - The Practice Stats That Matter w/ Doctor Demographics

    Play Episode Listen Later Sep 1, 2022 12:24


    In this episode I'm joined by Scott McDonald of Dentagraphics to talk all about the demographics behind a dental practice purchase. This conversation gets very granular (and very helpful!) about how to look at specific practice statistics, how to think about competitors, area income, education, and so on.   Check out DoctorDemographics.com And of course, find me at DentalBuyerAdvocates.com

    s5e5 - How to Narrow Your Search for a Practice w/ Doctor Demographics

    Play Episode Listen Later Aug 25, 2022 22:14


    In this episode I'm joined by Scott McDonald of Doctor Demographics to talk all about the demographics behind a dental practice purchase. This conversation starts getting specific about what to look for when you're looking at various states, cities, even neighborhoods.   Check out DoctorDemographics.com And of course, find me at DentalBuyerAdvocates.com

    s5e4 - National Demographic Trends w/ Doctor Demographics

    Play Episode Listen Later Aug 18, 2022 20:12


    In this episode I'm joined by Scott McDonald of Doctor Demographics to talk all about the demographics behind a dental practice purchase. We begin by talking about broader, 30,000-ft issues, and we'll start zooming into the more granular stuff over the next couple of episodes.   Check out DoctorDemographics.com And of course, find me at DentalBuyerAdvocates.com

    s5e3 - The Stats that Matter and How to Find Them w/ Dentagraphics

    Play Episode Listen Later Aug 11, 2022 16:22


    In this episode I'm joined by Kevin Klingshirn and Kent Miller of Dentagraphics to talk all about the demographics behind a dental practice purchase. This conversation gets very granular (and very helpful!) about how to look at specific practice statistics, how to think about competitors, area income, education, and so on.   Check out Dentagraphics.com And of course, find me at DentalBuyerAdvocates.com

    stats kent miller
    s5e2 - How to Look at a State, City, Neighborhood w/ Dentagraphics

    Play Episode Listen Later Aug 4, 2022 19:05


    In this episode I'm joined by Kevin Klingshirn and Kent Miller of Dentagraphics to talk all about the demographics behind a dental practice purchase. This conversation starts getting specific about what to look for when you're looking at various states, cities, even neighborhoods.   Check out Dentagraphics.com And of course, find me at DentalBuyerAdvocates.com

    neighborhood kent miller
    s5e1 - What Matters, What Doesn't in Dental Demographics w/ Dentagraphics

    Play Episode Listen Later Jul 28, 2022 18:15


    In this episode I'm joined by Kevin Klingshirn and Kent Miller of Dentagraphics to talk all about the demographics behind a dental practice purchase. We begin by talking about broader, 30,000-ft issues, and we'll start zooming into the more granular stuff over the next couple of episodes.   Check out Dentagraphics.com And of course, find me at DentalBuyerAdvocates.com

    s4e10 - BofA's Top Banker Explains Real Estate, Seller Carrybacks & Other Issues

    Play Episode Listen Later May 2, 2022 23:24


    Brian Hanks is joined by Michael Pakula of Bank of America for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Michael directly at: michael.pakula@bofa.com

    s4e9 - BofA's Top Banker Explains How to Decide Between Two Loans

    Play Episode Listen Later Apr 25, 2022 21:38


    Brian Hanks is joined by Michael Pakula of Bank of America for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Michael directly at: michael.pakula@bofa.com

    s4e8 - BofA's Top Banker Explains the Debt Service Coverage Ratio

    Play Episode Listen Later Apr 18, 2022 19:53


    Brian Hanks is joined by Michael Pakula of Bank of America for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Michael directly at: michael.pakula@bofa.com

    s4e7 - BofA's Top Banker Explains How to Choose Between Banks

    Play Episode Listen Later Apr 11, 2022 17:07


    Brian Hanks is joined by Michael Pakula of Bank of America for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Michael directly at: michael.pakula@bofa.com

    s4e6 - BofA's Top Banker Explains the First Steps in Getting a Practice Loan

    Play Episode Listen Later Apr 4, 2022 21:21


    Brian Hanks is joined by Michael Pakula of Bank of America for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Michael directly at: michael.pakula@bofa.com

    s4e5 - Provide's Top Banker Explains Real Estate, Seller Carrybacks & Other Issues

    Play Episode Listen Later Mar 28, 2022 21:57


    Brian Hanks is joined by Morgan Stump of Provide bank for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Morgan directly at: morgan@getprovide.com

    s4e4 - Provide's Top Banker Explains How to Decide Between Two Loans

    Play Episode Listen Later Mar 21, 2022 21:35


    Brian Hanks is joined by Morgan Stump of Provide bank for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Morgan directly at: morgan@getprovide.com

    s4e3 - Provide's Top Banker Explains the Debt Service Coverage Ratio

    Play Episode Listen Later Mar 14, 2022 21:10


    Brian Hanks is joined by Morgan Stump of Provide bank for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Morgan directly at: morgan@getprovide.com

    s4e2 - Provide's Top Banker Explains How to Choose Between Banks

    Play Episode Listen Later Mar 7, 2022 21:44


    Brian Hanks is joined by Morgan Stump of Provide bank for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Morgan directly at: morgan@getprovide.com

    s4e1 - Provide's Top Banker Explains the First Steps in Getting a Practice Loan

    Play Episode Listen Later Mar 1, 2022 21:46


    Brian Hanks is joined by Morgan Stump of Provide bank for a conversation on the topic of getting the very best dental practice loan.  This episode is full of helpful tips and insights including:  - How to approach a bank the best way possible and when to do it - The exact math equation banks use to decide whether or not to lend to you - How the banks are navigating loans post-covid - What negotiation tips will actually work to get you better rates and terms To learn more about Dental Buyer Advocates, visit our Website, check out our Course Page, and get a copy of "How to Buy a Dental Practice" for only $2. You can also follow Brian Hanks on Instagram.   You can reach Morgan directly at: morgan@getprovide.com

    s3e10 - Other Legal Stuff You'll Need a Lawyer For In Your Career

    Play Episode Listen Later Apr 27, 2021 23:55


    Hiring a dental attorney to help with your transition is one of the smartest decisions you'll make buying a dental practice. But what about AFTER the deal is done? What else will you need an attorney to do in your career? Ashley Garbe Smith with AGSDentalLaw.com and I talk through the most common scenarios that will come up in your life and career as a dental practice owner where you'll need an attorney. We'll cover three questions for each scenario along the way: 1) do I really need an attorney here? 2) Does the attorney need to be dental-specific? 3) Should it be the same attorney that helped with my practice purchase? Ashley gives us the roadmap to understand how best to think about the legal needs you'll have after you're a busy, successful business owner. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e9 - Frequent Deal Pitfalls to Avoid

    Play Episode Listen Later Apr 27, 2021 24:02


    After personally seeing hundreds and hundreds of dental practices change hands, some common situations occur you'll want to know about and avoid in your practice purchase.  Ashley Garbe Smith with AGSDentalLaw.com and I talk through the most common pitfalls that both buyers and sellers fall into throughout deals like yours. From issues with the LOI, to not hiring a lawyer (or hiring the wrong one!) to issues with egos, and dozens of other potential problems - our hope is that an informed buyer like you can see the potential issues coming long before they're a problem, and know what to do. In this episode we'll present not just the common pitfalls, but how best to avoid them. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e8 - Negotiation Tips From a Lawyer When Buying Your Practice

    Play Episode Listen Later Apr 27, 2021 22:25


    Would you like some tips on negotiating your best deal from a dental attorney who does nothing but negotiate dental practice deals all day?  In this episode Ashley Garbe Smith with AGSDentalLaw.com and I talk through the most important negotiation strategies every buyer needs to know to be successful buying their dental practice. And, we'll cover the most common mistakes that tend to blow up the deal and kill goodwill between buyers and sellers.   If you want to be sure to limit the risk of patient attrition, staff turnover and lawsuits in your dental practice purchase, you'll want to listen carefully to this episode. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e7 - The Lease or Buying the Building

    Play Episode Listen Later Apr 27, 2021 22:15


    When you buy a dental practice you buy not only the business but access to the physical space to practice in - and that means either a lease or a purchase of the building. The building is the most permanent, large expense of your business - you can't afford to get this wrong. Ashley Garbe Smith with AGSDentalLaw.com and I talk through the most important things to know in both situations - buying the building or leasing the space from a landlord. We'll include the most common areas buyers forget about and how to avoid costly mistakes. And we'll teach you where best to negotiate. After listening to this episode you'll know who is going to help you with the building, why and what to make sure they don't miss - whether you're renting or buying the building. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e6 - The Asset Purchase Agreement

    Play Episode Listen Later Apr 27, 2021 27:03


    The asset purchase agreement is the big daddy of the legal documents that will help the business become yours. This document is frequently 50, 60...even 100+ pages long and has all kinds of legal language in it. What's important and what does it all mean? Ashley Garbe Smith with AGSDentalLaw.com and I talk through the document as a whole and lay out a road map to understand the basics. We'll cover what absolutely MUST be in the document and why. We cover where you want to pay special attention as the buyer and where the seller is going to focus more.   In this episode we'll provide you the basic toolkit necessary to ask the right questions and work with your dental attorney to have the best, most protective document possible for your dental transition. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e5 - The Entity Selection - What to Watch For

    Play Episode Listen Later Apr 27, 2021 23:14


    Do you ever hear other dentists talking about s-corps and LLCs and wonder what that all means. This is the episode that explains what all that means and why selecting the right business entity is important.  ashley Garbe Smith with AGSDentalLaw.com and I introduce the most common business entity types for dental practices and who should probably select which. We'll cover the pros and cons of each type and why your attorney or accountant might recommend one or the other, and what your selection is going to mean for you later on in your ownership career.  Ashley gives some great heads up to those living in certain states, too (looking at you New York and California) and which states have the most options. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e4 - The 3 Things Your Lawyer Does In a Dental Transition

    Play Episode Listen Later Apr 27, 2021 22:52


    Ever wonder what the attorney is actually going to do for you when you buy a practice? It's important to know who is doing what, and perhaps more importantly what you shouldn't expect from your attorney during your deal. ashley Garbe Smith with AGSDentalLaw.com and I introduce the 3 things you can expect your attorney to do on your deal. But more importantly, we address the concept of DUAL REPRESENTATION in dental transitions and why you'll never see lawyers act in this capacity. (Seriously...such a no-no).  Ashley gives us some really good nuggets of wisdom with regards to confidentiality, a lawyer's fiduciary responsibilities, and how to make sure that your interests are being aggressively protected. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e3 - How Much Your Lawyer Will Cost (and Why!)

    Play Episode Listen Later Apr 27, 2021 22:17


    How much is it going to cost you to hire a lawyer to help you buy a dental practice? ashley Garbe Smith with AGSDentalLaw.com and I will give you the EXACT numbers to expect right at the top of the show and walk you through some of the variables that can change that number.  There's more to it than just sticker price, though. Should you choose a flat-fee or hourly attorney? What if you're working on a deal, and things fall apart - do you still have to pay?  And perhaps the most important question of all: what exactly do you need to know so you don't get totally screwed on your final bill from your attorney? We'll talk you through it all here. If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e2 - How to Select the Best Dental Lawyer

    Play Episode Listen Later Apr 27, 2021 20:29


    If you think buying a practice can feel daunting, wait until I tell how crucial it is to get the legal side of the deal right. The legal side can make or break your deal! Thus, it's crucial to get the right attorney on your team.  ashley Garbe Smith with AGSDentalLaw.com and I talk through exactly what to look for when hiring an attorney to help you with your dental transition. We'll define exactly how to define your “best” attorney option. And, we'll give you specific advice on how to find them, the questions to ask, how specialized they need to be, and other important questions to ask.  If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s3e1 - The Legal Side of Buying a Dental Practice

    Play Episode Listen Later Apr 27, 2021 20:34


    Once you find a practice you think is worth buying, a non-negotiable part of the process is using a lawyer to help you buy the practice. The legal side of buying a dental practice can feel scary for some. My goal in this season is to demystify things for you.  With that in mind, I've recruited dental-transitions attorney extraordinaire Ashley Garbe Smith with AGSDentalLaw.com to help me through these episodes.  In this episode, Ashley and I lay the groundwork for understanding the basics of the legal world and what you're going to need to know and understand before you hire an attorney.  If you'd like to connect with Ashley and ask her a specific question, you can email her directly at ashley@agslawfirm.com. See more episodes, full show notes, blog posts, and more at brianhanks.com.

    s2e08 - Dr. Thomas Graf – Finding Your Practice When it All Falls Apart

    Play Episode Listen Later Oct 2, 2020 21:41


    UPDATED COUPON CODE: BH-20 Throughout Season 2, I mention a coupon code for dentagraphics.com, the instant site analysis tool. I highly recommend it, and the updated coupon code (BH-20) will get you 20% off. Go check it out. Dr. Thomas Graf wanted to move to a small town in Ohio, sent mailers and had a practice locked and loaded as a D4. Two hours before graduation, the seller sent Thomas an email letting him know that he changed his mind and wouldn't be selling to him after all. Thomas was left scrambling and had to decide what to do. Check out the marketing video Thomas did (home page – below the fold) to build excitement for his new office: https://www.graf.dental/ Text the word EXAMPLES to 33777 to see examples of mailers and other tools helpful to find a practice to buy. You can also use Dentagraphics.com to narrow down a list of cities and zero in on the best locations. Use the code “brianhanks” at Dentagraphics.com to get 20% off your own order. Dr. Graf can be reached at DocThomasGraf@gmail.com.

    s2e07 - Dr. Dan Cho – When a Practice Search Takes a LONG Time

    Play Episode Listen Later Sep 25, 2020 19:36


    UPDATED COUPON CODE: BH-20 Throughout Season 2, I mention a coupon code for dentagraphics.com, the instant site analysis tool. I highly recommend it, and the updated coupon code (BH-20) will get you 20% off. Go check it out. Dr. Dan Cho wanted to move across the country to Portland, OR and buy a practice. But it took much longer than he anticipated. Hear how Dan managed a long-distance search, managed some good and bad broker relationships and ultimately landed in a great practice. Text the word EXAMPLES to 33777 to see examples of mailers and other tools helpful to find a practice to buy. You can also use Dentagraphics.com to narrow down a list of cities and zero in on the best locations. Use the code “brianhanks” at Dentagraphics.com to get 20% off your own order. Dr. Cho can be reached at danieljchodmd@gmail.com

    s2e06 - Dr. Adam Brown – What a Smooth Transition Looks Like

    Play Episode Listen Later Sep 18, 2020 13:40


    UPDATED COUPON CODE: BH-20 Throughout Season 2, I mention a coupon code for dentagraphics.com, the instant site analysis tool. I highly recommend it, and the updated coupon code (BH-20) will get you 20% off. Go check it out. It's common online to read horror stories of contentious transitions. Dr. Adam Brown's transition shows that this isn't how it always needs to be. Things CAN go well. Text the word EXAMPLES to 33777 to see examples of mailers and other tools helpful to find a practice to buy. You can also use Dentagraphics.com to narrow down a list of cities and zero in on the best locations. Use the code “brianhanks” at Dentagraphics.com to get 20% off your own order. Dr. Brown can be reached at arbrown0706@yahoo.com.

    s2e05 - Dr. Kevin Reardon – Creating Relationships While Still in School to Find a Practice

    Play Episode Listen Later Sep 11, 2020 20:32


    UPDATED COUPON CODE: BH-20 Throughout Season 2, I mention a coupon code for dentagraphics.com, the instant site analysis tool. I highly recommend it, and the updated coupon code (BH-20) will get you 20% off. Go check it out. Kyle's story will teach you the power of reputation, personal network, and asking for what you want. Text the word EXAMPLES to 33777 to see examples of mailers and other tools helpful to find a practice to buy. You can also use Dentagraphics.com to narrow down a list of cities and zero in on the best locations. Use the code “brianhanks” at Dentagraphics.com to get 20% off your own order. Dr. Maldonado can be reached at kylemaldonado90@gmail.com.

    s2e04 - Dr. Kyle Maldonado – Finding & Buying a Practice from Family

    Play Episode Listen Later Sep 4, 2020 17:14


    UPDATED COUPON CODE: BH-20 Throughout Season 2, I mention a coupon code for dentagraphics.com, the instant site analysis tool. I highly recommend it, and the updated coupon code (BH-20) will get you 20% off. Go check it out. Listen as Dr. Kyle Maldonado, an orthodontic resident and now owner, went from no job opportunities to looking at two really good practices to buy – despite having a father who was an orthodontist. Kyle's story will teach you the power of reputation, personal network, and asking for what you want. Text the word EXAMPLES to 33777 to see examples of mailers and other tools helpful to find a practice to buy. You can also use Dentagraphics.com to narrow down a list of cities and zero in on the best locations. Use the code “brianhanks” at Dentagraphics.com to get 20% off your own order. Dr. Maldonado can be reached at kylemaldonado90@gmail.com.

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