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Being Ready With Mary Fisher-Day

Love Your Practice

Release Date: 03/30/2022

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Love Your Practice

Are you struggling to make important decisions to move your practice forward? This happens to all of us, and my guest on this episode, Dr. Seema Amin, opens up about her doubts and struggles with making necessary staffing changes in a timely manner. Dr. Amin has practiced dentistry for 26 years, starting in an associateship and then buying her own practice in 2011. She discusses her transition to practice owner and the challenges of moving into the “employer” side of managing the business, making decisions on her own, and managing people. Buying her dental practice, Dr. Amin was scared but...

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On this special episode of The Fee For Service dental podcast with Dr. Sonny Spera, you will hear an update on what happened in Dr. Mach’s office as a result of going fee for service. Listen now to learn more. Resources and links for Dr. Laura Mach: Watch Laura's podcasts on YouTube: Laura’s email: Laura’s website: Laura’s podcast: Laura’s TikTok: Laura’s Instagram: Laura’s Facebook pages: Thank you so much for tuning in to this podcast! I would love it if you would share it with others and leave a review for others to see! ~ Laura

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On this special episode of The Fee For Service dental podcast with Dr. Sonny Spera, Drs. Mach and Spera discuss how difficult it is for dentists to mentally face the concept of going fee for service. And, more importantly, what you can do to overcome those blocks. Listen in on this exciting podcast presentation with Dr. Laura being on the guest side of the podcast. Listen now to learn more.  Resources and links for Dr. Laura Mach: Link to Episode on   Watch Laura's podcasts on YouTube:  Laura’s email:  Laura’s website:  Laura’s podcast:  Laura’s...

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Do you feel as though your dental practice is not only recognizing but also celebrating diversity? For a closer look at this vital topic, I welcome experienced dental practitioners Karese Laguerre, RDH, and Chris “Love” Williams, RDH, to this episode. Both feel as though diversity is missing from our industry and are organizing an amazing experience for all to learn more about this topic. In this episode, we delve into diversity, equity, and inclusion within our workplace and patient culture.  Karese is a Myofunctional Therapist, author, and founder of The Myo Spot, a practice through...

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More Episodes

If something happened to you today, what would happen to your practice? If you become disabled or die, do you have a plan for your practice? This is a difficult topic, but it is one that is essential to address. Unexpected things happen, and I want to make sure you are prepared to protect your practice’s value and legacy. In this episode, I welcome Mary Fisher-Day who is a personal practice transition advisor. Mary says, “I help dentists who are unprepared and underrepresented work through the transitions in their lives - specifically buying and selling a dental practice,” and she also helps them to prepare to buy or sell a practice. With a career in practice management and practice transitions, Mary has a wealth of information and experience to share with you to help you protect the value of your practice.

As dentists, we need to be prepared for the transitions of our practices so that we can protect their values if something happens to us: Accidents, illnesses, and medical emergencies can be catastrophic to a dental practice if the proper steps have not been taken to prepare for a smooth transition of the practice. Being prepared - or NOT being prepared - greatly affects many lives: those of our own families as well as those of our employees and their families. In this information-packed conversation, Mary explains what to do right NOW to create a plan for the future of your practice and ultimate transition to a new owner. From explaining the vital need for a current practice evaluation to creating an emergency directive and much more, listen now as Mary shares incredibly valuable steps to take and information to know and understand as you protect your practice!

Highlights from this episode:

  • Understanding what “dual representation” means 
  • How and why buyers and sellers are usually underrepresented
  • The necessity for a baseline practice evaluation and why it is the most important piece of information to have
  • How fast the value of a dental practice falls when a dentist dies
  • What an emergency directive is and why it is critical
  • Smart ways to keep your practice valuable and be prepared to sell anytime you wish
  • The importance of “buyer’s perception”
  • Why you should consider incorporating “prepayment” into your business practice
  • What buyers want
  • A close look at profit numbers and what “add backs” are and why they matter
  • Private buyers and DSOs
  • Resources to learn more about selling your practice

Resources and links mentioned: 

Laura’s Facebook pages:

Thank you so much for tuning in to this podcast! I would love it if you would share it with others and leave a review for others to see!

~ Laura