Practice Ownership Readiness Self-Assessment
10 questions lenders and advisors commonly evaluate before a practice purchase
A quick self-assessment to help dentists evaluate whether they are financially prepared to move toward practice ownership.
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1. Do I have consistent income history as an associate for at least 12 to 24 months?
2. Is my credit score strong enough to qualify for practice financing?
3. How large is my current student loan balance compared with my income?
4. Do I have personal savings for reserves and early operating expenses?
5. Have I spoken with a dental specific lender about financing options?
6. Do I understand typical practice valuations in my local market?
7. Have I evaluated whether a startup, partnership, or acquisition fits my goals?
8. Do I have disability insurance and income protection before taking on debt?
9. Have I considered the tax structure I would use as a practice owner?
10. Do I have a financial plan that supports practice ownership within the next 3 to 5 years?
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