Aligning Visions for Success: How to Start and Maintain Successful Dental Partnerships

In today’s episode, we’re diving into essential topics for dental practice owners navigating partnerships and growth. We’ll start by discussing startup partnerships, the importance of setting clear expectations from the beginning, and how to handle the challenging “in-between” phase when your practice is neither a startup nor fully established. I’ll share strategies on how to transition effectively and position your practice for success.
 

Next, we’ll explore the dynamics of established practices and the complexities that arise in multi-partner setups. I’ll explain how the right partnerships can drive your business forward and why having a solid partnership agreement is crucial to prevent future conflicts. We’ll also touch on the growing trend of DSO (Dental Service Organization) sales, offering insights on what to expect if you're considering selling your practice or joining a DSO.
 

Finally, we’ll talk about when it’s time to bring in a COO or CFO to manage the operational and financial demands of your growing practice. Whether you're in the startup phase or scaling, this episode is packed with tips and strategies to help you build a thriving dental business. Tune in for expert insights on navigating partnerships, growth, and the complexities of building a successful practice.
 

What you'll hear in this episode:

[2:00] Challenges in Startup Partnerships

[6:20] In-Between Startup and Established Phase

[8:55] Established Practices and Partnerships

[12:55] Complexities of Multi-Partner Practices

[13:20] The Importance of a Partnership Agreement

[14:10] The DSO Sale

[16:20] When You Need a COO, or CFO

[17:10] Conclusion and Final Thoughts

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