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Artwork for The Practice Purchased Podcast

The Practice Purchased Podcast

Brian Hanks
Dental Practice Acquisition
Dental Practice
Dental Practice Ownership
Dental Buyer Advocates
Due Diligence
Bank Financing
Dentistry
Bookkeeping
Dental Industry
Dental Practices
Practice Valuation
Maryland
Dental Practice Financing
Tax Projections
Dental Practice Buying Process
Dental Practice Management
Bank Of America
Dental CPA
Real Estate
Tax Strategies

Learn the exact steps to find, analyze and buy the best dental practice

PublishesWeeklyEpisodes117Founded7 years ago
Number of ListenersCategories
EntrepreneurshipBusinessManagement

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Artwork for The Practice Purchased Podcast

Latest Episodes

Brian Hanks has spent this whole season nudging associates to stop waiting. His own data says the average associate buys five to seven years later than they wish they had.

In this solo finale he admits he’s the biggest hypocrite on the show: he knew... more

Dr. Brady Smith, comedian and dentist, bought into a practice straight out of dental school, made more in his first months than most of his classmates would in years, and spent twelve years as an owner before he learned the one thing nobody told him:... more

He was fired after his first tax season, in the middle of the 2008 crisis. Fifteen years later he runs Tooth and Coin, one of the best-known dental CPA firms in the country. So what did Jonathan VanHorn actually know about running a business before h... more

Most associates assume they need a down payment to buy a practice. They don't.

What they need is cash in the bank, and a lot less of it than they think. Matt Mulcock has spent his career advising dentists on exactly this question.

In this episode h... more

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Recent Guests

Dr. Brady Smith
Dentist and comedian
Comfort Dental Franchise (former/partner)
Episode: S9E8: "That's What You Do" Is the Worst Reason to Buy a Practice, with Dr. Brady Smith
Jonathan VanHorn
Tooth and Coin, dental CPA firm
Episode: S9E7: The Two Numbers That Decide Whether Your Practice Makes It, with Jonathan VanHorn, CPA
Matt Mulcock
Managing partner, CEO of Dentist Advisors, host of The Dentist Money Show
Dentist Advisors
Episode: S9E6: The Numbers Say You're Ready. Your Brain Disagrees | Matt Mulcock
Dr. Josh Matthews
Past client of Dental Buyer Advocates
Private dental practice owner
Episode: S9E5: Why He Turned Down a $75,000 Dental Practice | Dr. Josh Matthews
Mike Pakula
Banker in the Practice Solutions Division at Bank of America
Bank of America
Episode: S9E4: What Makes a Dental Buyer “Ready” in the Eyes of a Banker with Mike Pakula
Dr. Steve Van De Graaff
Dentist and owner turned coach, co-host of The Lifestyle Practice Podcast
The Lifestyle Practice / dentist
Episode: S9e3: He Bought a Practice as a D4. Here's the Readiness Test He Uses Now (Dr. Steve Van De Graaff)
Len Tau
Dentist, author, and host of the Raving Patients Podcast
Raving Patients Podcast
Episode: S9e2: Reputation Moves that Matter with Dr. Len Tau
Brian Tomono
Member of the Dental Buyer Advocates team
Dental Buyer Advocates
Episode: s8e24 - Dr. C, part 3
Dr. C
Younger dentist two years out of school buying a practice
Episode: s8e23 - Dr. C, part 2

Host

Brian Hanks
Host of The Practice Purchase Podcast and an expert in dental practice acquisition and financing, providing invaluable insights for dental professionals.

Reviews

5.0 out of 5 stars from 112 ratings
  • Amazing resource for clueless first time buyers!!

    I’m a first time buyer and I started listening to Brian’s podcast in the middle of my purchase process, and I have to say I wish I found his podcast sooner!!! So easy to listen to and really covers everything you need to know!!

    Apple Podcasts
    5
    Dee-140
    United States2 years ago
  • Recommend even if you are married to the dentist!

    I’ve only listened to season one so far but it has been such a great resource! I am the spouse of a dentist so this world is pretty foreign to me. BUT listening to this is giving me practical tips to help my wife and I move forward on purchasing. Also I have knowledge to have intelligent conversations with lenders, accountants and attorneys that I will be relying on to purchasing a practice. Thank you Brian for your generosity by creating this content!

    Apple Podcasts
    5
    GinnVanBlossa
    United States2 years ago
  • Must listen

    This podcast is one of the most helpful podcasts I’ve found since I’ve decided to buy a practice. Having Brian explain negotiating and tax topics has made the process a lot easier and less stressful. Wonderful podcast and resource!! Thank you and I look forward to listening to future episodes!!

    Apple Podcasts
    5
    Dat227
    United States2 years ago
  • Best Dental Podcast Ever!!

    Brian’s podcast has been so helpful as I’ve tried to educate myself to purchase a practice. I feel like his advice has prepared me to confidentially approach this process and know what to ask and when. Thank you, thank you Brian!

    Apple Podcasts
    5
    rose. come he
    United States3 years ago
  • Awesome Dental Podcast!

    Great material and easily digestible! Very informative!

    Apple Podcasts
    5
    EYeates
    United States3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The concise and no-fluff approach to information is appreciated, making it easier for first-time buyers to digest key advice.
Listeners find the content extremely helpful for navigating the complexities of purchasing a dental practice.
Critics mention that the podcast lacks sponsorship or advertisements, which some others find beneficial for maintaining focus on relevant content.

Top Entrepreneurship Podcasts

Talking Points

Recent interactions between the hosts and their guests.

S9E7: The Two Numbers That Decide Whether Your Practice Makes It, with Jonathan VanHorn, CPA
Q: What is a realistic monthly fee for a dental CPA relationship, and what do you get for it?
The guest notes that current norms for new practices tend to be around a $10,000 to $12,000 annual engagement, with some CFO-level services priced higher, and emphasizes the value comes from substantial time investment and a comprehensive service package.
S9E7: The Two Numbers That Decide Whether Your Practice Makes It, with Jonathan VanHorn, CPA
Q: What does a good dentist and dental CPA relationship look like in year one?
The host explains that the core is understanding the engagement, having clear definitions in reports, and ensuring the CPA helps with both compliance and meaningful strategy, especially for new practice owners who need guidance as they set up processes.
S9E5: Why He Turned Down a $75,000 Dental Practice | Dr. Josh Matthews
Q: What finally pushed you to move forward with ownership instead of staying with the DSO path?
The combination of continued question marks with my wife, the desire for stability, and the realization that ownership could align better with our family goals pushed me to take the leap.
S9E5: Why He Turned Down a $75,000 Dental Practice | Dr. Josh Matthews
Q: Did you ever feel ready to be an owner before you were an owner?
No, there were days of doubt and continued uncertainty, but the decision to act despite not feeling completely ready ultimately led to ownership and growth.
S9E4: What Makes a Dental Buyer “Ready” in the Eyes of a Banker with Mike Pakula
Q: What is a common reason for loan denial in these dental deals?
The most common reason is issues with the practice itself or undisclosed information that creates a mismatch between the application and the bank's documentation, rather than the dentist personally.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About The Practice Purchased Podcast

What is The Practice Purchased Podcast about and what kind of topics does it cover?

Content focuses on the intricate process of dental practice acquisition, providing insights on essential steps from finding suitable practices to navigating legal and financial hurdles. The discussions often feature real-life stories from young dentists and experts in banking and legal representation, highlighting the nuanced challenges encountered during practice purchases. Unique to this content is its practical, straightforward approach, which eschews superfluous information to present listeners with actionable advice, making it a valuable resource for dental professionals aspiring to ownership.

Where can I find podcast stats for The Practice Purchased Podcast?

Rephonic provides a wide range of podcast stats for The Practice Purchased Podcast. We scanned the web and collated all of the information that we could find in our comprehensive podcast database. See how many people listen to The Practice Purchased Podcast and access YouTube viewership numbers, download stats, audience demographics, chart rankings, ratings, reviews and more.

How many listeners does The Practice Purchased Podcast get?

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How many episodes of The Practice Purchased Podcast are there?

The Practice Purchased Podcast launched 7 years ago and published 117 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Practice Purchased Podcast?

Recent guests on The Practice Purchased Podcast include:

1. Dr. Brady Smith
2. Jonathan VanHorn
3. Matt Mulcock
4. Dr. Josh Matthews
5. Mike Pakula
6. Dr. Steve Van De Graaff
7. Len Tau
8. Brian Tomono

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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