Quality of Life... the ultimate goal of each and every dentist. What is it? Well, it’s different for every dentist but, basically, it can be described as doing dentistry because you want to, doing only those procedures you enjoy, and doing them only on those patients you wish to treat, and only when you want! This is also referred to as “freedom.” Most doctors would prefer to spend less time in the office (rather than more time).
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The most widely used method for determining practice value is fair market value. The commonly accepted definition of fair market value is the price which a professional practice would produce, allowing reasonable time to find a purchaser, with both buyer and seller having access to full disclosure of information about each other.
Practice equity is a measurement of the net value of your dental practice, which is always based on a percentage of the annual gross collections of your practice.
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