Nearly every younger orthodontist wants to eventually own or co-own a practice during his or her career. This leads to the question, Is it better to start my own practice from scratch or purchase an existing practice? Doug Copple of Bentson Clark & Copple advises on the pro and cons of both practice situations and weighs the overall financial rewards.
After this lecture you will be able to:
Examine educational debt and how it can affect the decision to purchase versus start-up a practice
Analyze factors to consider in both practice situations
Determine what opportunity is best for your personal situation
Interpret a cash flow for both existing and start-up practices to understand the long-term financial compensation