My Journey From Associate to Partnership, with Arielle Faden
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Description
Dr. Arielle Faden is a pediatric dentist and practice owner out of Jersey City, which is a large metro area near New York City. She was a guest on the podcast almost two years ago when she talked about practicing as an associate in a large city like New York. Since that time, she has gone through the journey of partnering with her boss to become a 50/50 practice owner. We discuss how there's a lack of podcast content for dentists in these situations, but that partnerships are a great opportunity for dentists who aren't interested in either associating or going through the stresses of a scratch start. Some of the things Dr. Faden talks about: - How she knew that this office was the right fit for ownership - How they determined the value of the practice and purchase price - What did lending look like for this transaction - How did her income increase to cover the debt payment - How they structured the operating agreement to know who can buy what with company money, and how profits are split You can reach Arielle at [email protected]
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You see it all the time on iPedo... "I'm tired of my associate job and I want to start my own practice, but I'm not sure where to start." It's no surprise that a large void exists for knowledge and content relevant specifically for pediatric dentists who want to start their own practice. Well...
Published 05/14/24