Dental Acquisition Unscripted Michael Dinsio

Special Guest and Podcaster Onni Franco talks with Michael about his experience he had acquiring am ortho practice and getting started as a brand new practice owner. 
The Dental Student Podcast It's the Dental Student Podcast! Tune in to join Onni Franco as he takes you behind the scenes of real dental school/residency experiences, gives out true and tried advice, and exposes you to dental students' unfiltered takes on life. DSP was the first podcast put on by dental students. The goal of the podcast to be a source of information for pre-dental students, dental students, residents, and even newly graduated dentists who may not have otherwise been exposed to varying perspectives and topics that are at the forefront of millennial dentists.
The Dental Student Podcasthttps://dentalstudentpodcast.libsyn.com/website0:00 Intro Music0:45 Episode Intro3:32 The Dental Student Podcast10:45 Dental Students Ownership Mindset20:00 Getting Started Without The Answers25:36 Finding Great People To Help You31:25 Pitfalls Challenges In Acquisitions39:46 Behavior Assessments42:32 Tips for Getting Into Ownership
The topic of entering practice ownership right after dental school is a hot one among students, with a range of opinions and considerations floating around. Here's a breakdown of the general sentiment:
Challenges and ConcernsFinancial feasibility:Securing loans for practice acquisition amidst student debt can be daunting. Building a thriving practice also takes time and investment, posing financial risks for young dentists.
Limited experience:Graduates, though equipped with clinical skills, might lack the business acumen and operational knowledge crucial for running a successful practice. Gaining experience as an associate dentist first can be valuable.
Time commitment:Practice ownership demands more than just clinical expertise. Marketing, administration, staff management, and financial responsibilities are all part of the package, eating into personal time and potentially impacting work-life balance.
Positive Views and Options:Early investment:Owning early can benefit from lower practice purchase costs and potentially establish a strong client base in a desired location.
Control and autonomy:Practice ownership offers independence and the ability to shape your career path and practice philosophy. Some students value this entrepreneurial spirit.
Passion and preparation:Some students, particularly those with prior business experience or strong family support, might possess the drive and resources to navigate the challenges successfully.
Remember, consulting with financial advisors, experienced dentists, and dental school resources can provide valuable guidance before making any ownership decisions.
As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions, Michael is a key opinion leader in the dental industry. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions. If you would like a free consult with Michael or would like to work with Michael in the future visit his webpage. ⁠https://www.nxlevelconsultants.com/buyer-representation.html⁠
DENTAL UNSCRIPTED HAS A WEBSITE ! ! ! Find all the content from SEASON 1: "Start Up Unscripted"... as well as SEASON 2: "Dental Acquisition Unscripted", it's all here in one spot here 👉⁠ https://www.dentalunscripted.com ⁠
FOR UPDATES & FOLLOW:WATCH EPISODE HIGHLIGHTS ✨on Facebook, Instagram, and LinkedIn. Interact with Michael, ask him questions, and connect with fellow listeners there as well.⁠https://www.facebook.com/DentalUnscripted⁠⁠https://www.instagram.com/dentalunscripted/⁠⁠https://www.linkedin.com/company/dental-unscripted
Intro Music by D Fine Us on https://artlist.io/song/15785/howling-at-the-moon

We geeked out on 401k Options and Planning. But this is such an important step in setting up a successful business for yourself and should not be overlooked. We discussed the value in it for you as a business owner and helping retain employees. We touched on the fact that dentists in general do not plan enough and rely too much on the sale of their practice as a retirement plan.
Brian Mohoric CRPC® Financial Advisor, PartnerVinoble Group,  full-service financial brokerage
This commentary reflects the personal opinions, viewpoints and analyses of the Vinoble Group employees providing such comments and should not be regarded as a description of advisory services provided by Vinoble Group or performance returns of any Vinoble Group client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Vinoble Group manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
Contact Brian and let him know you saw the podcast! brianm@vinoblegroup.com206.317.6822
0:00 Intro Music0:45 Episode Topic Intro1:49 Brian Mohoric, Vinoble Group6:34 Why Offer 401k to Your Team9:09 How Does Offering 401k Benefit Owners17:13 Options When Establishing 401k Plans21:49 Profit Sharing to Retain Employees25:15 Cost of Establishing a Company 401k28:09 Saving for Retirement36:57 Transitioning an Existing 401k39:25 Change Old 401k to New 401k
SHOW HOST:As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions, Michael is a key opinion leader in the dental industry. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions. If you would like a free consult with Michael or would like to work with Michael in the future visit his webpage. ⁠https://www.nxlevelconsultants.com/buyer-representation.html⁠
DENTAL UNSCRIPTED HAS A WEBSITE ! ! ! Find all the content from SEASON 1: "Start Up Unscripted"... as well as SEASON 2: "Dental Acquisition Unscripted", it's all here in one spot here 👉⁠ https://www.dentalunscripted.com ⁠
FOR UPDATES & FOLLOW:WATCH EPISODE HIGHLIGHTS ✨on Facebook, Instagram, and LinkedIn. Interact with Michael, ask him questions, and connect with fellow listeners there as well.⁠https://www.facebook.com/DentalUnscripted⁠⁠https://www.instagram.com/dentalunscripted/⁠⁠https://www.linkedin.com/company/dental-unscripted
Intro Music by D Fine Us on https://artlist.io/song/15785/howling-at-the-moon

Paula Quinn, BSDH and Stafani Sandoval, Billing Specialist are both coaches from Next Level Consultants. The Next Level team breaks down what it looks like when either you end up buying AR's or NOT BUYING AR's when going through an acquisition.
Michael Dinsio, MBA coaches doctors along with the rest of the team to help doctors go through the acquisition process. There are so many details and things to consider. Luckily when you have advocates on your side looking out for you, your chances of being more prepared and in a better position increase substantially.
0:00 Intro Music1:00 Introducing Accounts Receivable3:19 Should You Buy Account Receivable?9:48 What If you Don't Buy AR?16:38 What AR's Are Healthy and Collectable?19:49 What Percent of ARs Are Non-Collectable?22:40 What Is The Actual Value of AR's?26:29 How Do You Ensure Buyers Get AR Money33:35 Front Office Systems Collecting AR's40:00 Addressing AR Issues Upfront
SHOW HOST:As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions.  If you would like to work with Michael as a buyer representative, check out Next Level Consultants. ⁠https://www.nxlevelconsultants.com/buyer-representation.html⁠or schedule a 1 on 1 call --> online scheduler
DENTAL UNSCRIPTED HAS A WEBSITE ! ! ! 👉⁠ https://www.dentalunscripted.com ⁠
FOR UPDATES & FOLLOW:WATCH EPISODE HIGHLIGHTS ✨on Facebook, Instagram, and LinkedIn. Interact with Michael, ask him questions, and connect with fellow listeners there as well.⁠https://www.facebook.com/DentalUnscripted⁠⁠https://www.instagram.com/dentalunscripted/⁠⁠https://www.linkedin.com/company/dental-unscripted
Intro Music by D Fine Us on https://artlist.io/song/15785/howling-at-the-moon

This Dental Acquisition Podcast hits all the biggest problems that crop up for BUYERS when looking for dental practices to transition. Michael Dinsio, MBA, and co-founder of Next Level Consultants has seen hundreds of deals.

In this #dentalpodcast episode he gets together with Tyler Jones an Attorney who has also done many many deals. Between the two of them they can tell you what usually works and what... well doesn't work.

⚠️ !!!TOP RED FLAGS to PROCEED WITH CAUTION!!! ⚠️
5:56 Does The Seller Own More Than One Practice
14:26 Seller Wants A Long Term Workback Agreement
23:25 The Associate Buy In & Does It Work Out
27:15 Seller Owns Property on an Associate Buy In
32:37 Buying A Fixer Upper Practice
42:57 Seller Doesn't Hire A Team of Professionals
SHOW HOST:
As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions, Michael is a key opinion leader in the dental industry. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions. If you would like a free consult with Michael or would like to work with Michael in the future visit his webpage. ⁠https://www.nxlevelconsultants.com/buyer-representation.html⁠

DENTAL UNSCRIPTED HAS A WEBSITE ! ! !
Find all the content from SEASON 1: "Start Up Unscripted"... as well as SEASON 2: "Dental Acquisition Unscripted", it's all here in one spot here 👉⁠ ⁠https://www.dentalunscripted.com

FOR UPDATES & FOLLOW:
WATCH EPISODE HIGHLIGHTS ✨on Facebook, Instagram, and LinkedIn. Interact with Michael, ask him questions, and connect with fellow listeners there as well.
⁠https://www.facebook.com/DentalUnscripted⁠
⁠https://www.instagram.com/dentalunscripted/⁠
⁠https://www.linkedin.com/company/dental-unscripted

Since 1984, CWA has provided dental professionals with financial education and comprehensive financial services. A trusted name in the industry, we work with thousands of dentists and dental practice owners in all 50 states.
Cain Watters Reports:
All specialties:
https://www.cainwatters.com/hdydpc-contact/
Pedo deep dive:
https://www.cainwatters.com/pediatric-comparison-report/
Ortho deep dive:
https://www.cainwatters.com/ortho-comparison-report-form-page/

00:00 Intro
00:41 Episode Intro
1:48 Cain Watters
5:11 What do Advisors do for You?
7:10 What is the "Dental Tax" & Is it worth it?
9:45 Hiring Accounting Services After Purchasing
12:27 Identifying Financial Inefficiency in a Practice
15:15 What to Pay Attention to Post Close
20:02 How-To Implement Management Strategies
26:59 Managing the Rising Cost of Wages
32:05 Scalability - Two Docs in One Practice
35:35 Seller Workback Agreements
41:09 Benefit of Working with Advisors

SHOW HOST:
As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions, Michael is a key opinion leader in the dental industry. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions. If you would like a free consult with Michael or would like to work with Michael in the future visit his webpage. https://www.nxlevelconsultants.com

DENTAL UNSCRIPTED HAS A WEBSITE ! ! !
Find all the content from SEASON 1:Start Up Unscripted... as well as SEASON 2: Dental Acquisition Unscripted all here in one spot here 👉⁠ https://www.dentalunscripted.com

FOR UPDATES FOLLOW:
WATCH EPISODE HIGHLIGHTS ✨on Facebook, Instagram, and LinkedIn. Interact with Michael, ask him questions, and connect with fellow listeners there as well.
www.facebook.com/DentalUnscripted
⁠https://www.instagram.com/dentalunscripted/⁠
⁠https://www.linkedin.com/company/dental-unscripted

Intro Music by D Fine Us on https://artlist.io/song/15785/howling-at-the-moon

WEO Media is a thoughtful and technical marketing company with 15 years of experience. Ian McNickle Is a Co-Founder of WEO Media and he let's us know the importance of tracking and converting leads. How to quickly and strategically start marketing after you purchase the practice and got the keys in hand using the Google Business Page. We discuss how rebranding can impact the practice and how to strategically transfer into a new brand with the help of experts like WEO.

Contact Ian to discuss your transition needs when it comes to marketing a new practice. Let him know you saw the show!!
Email: ian@weomedia.com
Mobile: (503) 708-6327
Web: www.WEOmedia.com

0:00 Into Music
0:40 Episode Intro
2:30 Introducing WEO Media
4:49 Biggest Challenges When Transitioning Marketing
8:33 How Do You Transition the Brand or Name?
14:39 What Advantages to Acquisitions Have
17:30 Best Ways To Boost Your Searchability Online
19:30 The Main Goals of a Marketing Company
23:03 How Do You Track Marketing Effectiveness
31:02 Questions You Should Be Asking a Marketing Firm
33:43 Writing Unique Content For Your Site
40:25 Understanding a Holistic Approach to Marketing

SHOW HOST:
As a dental buyer representative, Michael Dinsio helps dentists buy dental practices step-by-step. With over a decade of experience and more than 500 dental transactions, Michael is a key opinion leader in the dental industry. This program helps walk dentists through the process of becoming a dental practice owner via dental practice acquisitions. If you would like a free consult with Michael or would like to work with Michael in the future visit his webpage. https://www.nxlevelconsultants.com/buyer-representation.html

DENTAL UNSCRIPTED HAS A WEBSITE ! ! !
Find all the content from SEASON 1: "Start Up Unscripted"... as well as SEASON 2: "Dental Acquisition Unscripted", it's all here in one spot here 👉 https://www.dentalunscripted.com

FOR UPDATES & FOLLOW:
WATCH EPISODE HIGHLIGHTS ✨on Facebook, Instagram, and LinkedIn. Interact with Michael, ask him questions, and connect with fellow listeners there as well.
https://www.facebook.com/DentalUnscripted
https://www.instagram.com/dentalunscripted/
https://www.linkedin.com/company/dental-unscripted#dentalsharkweek
#marketingadentalpractice #buyingadentalpractice #marketing #dentalpodcast

Intro Music by D Fine Us on https://artlist.io/song/15785/howling-at-the-moon