When looking for a good practice, it is important that you consider practice value rather than looking strictly at practice price. Price is the amount that a buyer pays a seller to acquire a practice. Value is the benefit received by the buyer from the purchase of a dental practice, and in the case of a dental practice, value is your net income.
By understanding cash flow, buyers can make much better informed decisions in their best interest because they will know what income they can expect to live on. Phase II can help you understand the intricacies of dental practice cash flow to ensure that your practice will provide you with an ample income.