Converting Your Practice into Cash at Retirement

BPA in dental materialsFrom now through Friday, Jim Du Molin is offering a 50% discount on his training system “How to Structure an Associate/Buy-out.”

Now you can get the entire training tutorial system – 2 Associate Strategy Video Tutorials, Associate Profitability & Compensation Software, Legal Agreement Outline, and more – for 50% off the normal price.

Click Here To Learn More About This Incredible Tutorial

Dentists And Paying Dental Associates

Paying dental associatesOur survey found the average annual compensation for a dental associate to be about $160,000.

Of the dentists in our survey with an associate, one in three pay a salary. The other two-thirds pay a percentage, with the average associate payment being 33% of collections.

When it comes to paying associates a minimum guarantee, 35% do, while 65% do not.

“Like the rest of the world, some are awesome, and some are dishonest, and some should not be practicing,” advised a pediatric dentist. “Good luck!”

“I’m looking,” said one dentist. “However, with the poor economy, I’m glad I don’t have one.”

Here are some more dentist comments:

  • “Like herding cats!” (Florida dentist)
  • “Associates are good and bad. Finding someone who wants to work and remain in the practice has been difficult.” (Tennessee dentist)
  • “I would love to be able to afford one.” (New Jersey dentist)
  • “If you want a successful associate, you have to have systems and demand in place that will allow them to make a handsome salary, or you will be replacing them often.” (California dentist)
  • “Soon to come – freedom.” (Tennessee dentist)
  • “It is most critical to get someone who shares your philosophy and you have a written agreement to cover contingencies, both good and bad.” (Texas dentist)

Read more: Dentists and Dental Associates: Compensation and Payment

Dentists Want To Be in Charge (VIDEO)

Dentists prefer boss to associateDentists prefer being in charge to working for somebody else, according to this poll. Fully 76% of dentists said they would rather be their own boss than work for someone else.

Specialists were unanimous: being your own boss is better. Not a single dental specialist responding to this survey said they would prefer to be an associate.

Read more: Dentists Prefer Being the Boss

Most Dentists Have Had Trouble with Dental Associates (Video)

Dental associates can make dental practice management a lot easier… unless, of course, they betray you in some way. Unfortunately, that’s happened to a lot of doctors.

Read more: Dental Associate Retirement Strategy Sometimes Fails

Most Dentists Have Had Trouble with Dental Associates

Dental SurveyAssociates Can Be Great, Can Be Disastrous

In our most recent survey, we asked dentists if they had ever had a negative experience with a dental associate. A whopping two thirds of our respondents said they have had serious trouble with a dental associate in the past. Only 34% report not having had any particularly bad experiences. Complained one dentist: “My associate sexually harassed an assistant and did not deny it! Horrible experience.” Another advised, “Have everything, every detail, spelled out in a contract.” Asked another, “How about the associate being screwed over by the employer dentist?”

Read the complete dental associate survey results…

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