Before you buy a dental practice you must always remember there are many factors that contribute to the practice’s worth that won’t show up on a balance sheet or list of assets. Know what to look for and you’ll always get the best for what you pay.

Market analysis
You can’t always predict a practice’s earning potential by past years’ revenue or current client lists. Markets can dramatically change under your nose if you’re not sensitive. This can be affected by population growth or decline. Economic conditions that make people put off even much needed dental work. If the age of the population is trending upward you will see a difference in the type of dental work demand. If you specialize in dentures or braces, this makes a big different. Remember when you’re shopping dental practice sales, you’re betting on the long term profitability of a business. If you’re in a college town, you’re more likely to see young families settle nearby. If the economy is especially bad, you might see a general shrinking. If the average income isn’t very high, you may not succeed in selling a lot of porcelain veneers.

Competition analysis
Obviously, if there are a lot of dentists for the population in an area, your piece of the pie gets smaller. On the other hand, in a wide open field, competitors are likely to rush in well after the surplus business is soaked up. Things are also different if you represent a less crowded niche. If you’re the only IAMT certified dentist around or the only one skilled in osseointegrated dental implants, you may find a steady stream of patients no matter how saturated the overall field is. Where many dental practice sales are occurring in a market, this may signal an over concentration of competition thinning out.

Business viability
Competitiveness of any medical business depends on its keeping up with latest technology. When you look to buy a dental practice, it may have newer equipment, but if there are new procedures that are more efficient or give better results to patients, then your equipment might just sit and gather dust. If you are highly specialized yourself, it may be most profitable to join an established practice with a general dentist or one of a related specialty.

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In terms of history, Nauvoo is about as rich as you can get. In 1830, early members of the Church of Jesus Christ of Latter-day Saints, commonly known as “Mormons”, established Nauvoo. After they were forced to leave, Nauvoo was inhabited by the Icarians for quite some time. But this isn’t why Nauvoo is as historically rich as it is, it’s because of the perfectly preserved and diligently guarded buildings and places of interest that exist there today. This includes blacksmith shops, homes, general stores, and hotels in Nauvoo. Truly the citizens of that town are dedicated to preserving the history of those that came before them, through the pageants and workshops which teach of the daily lives of pioneers through example.

The Nauvoo events that are hosted are indeed the means of transporting visitors back to a simpler time, one when the sweat of your own brow determined your wealth in this world. Below are some upcoming events that should not be missed.

• Exodus Re-enactment, February 4, 2012 – Walk from the Cultural Hall to the Trail of Hope down to the edge of the Mississippi to commemorate the exodus of the Saints from Nauvoo to the Rocky Mountains. Warm up with hot cocoa and fresh pastry before hand at the Family Living Center.
• Memorial to Hospitality of Quincy Residents to Mormon refugees, February 12, 2012 – Jan Chaney, Quincy resident and Director of Public Affairs for the Nauvoo Stake, recounts the help extended by Quincy residents to destitute Latter-day Saints escaping Missouri mobs in 1839, and the Church’s modern-day expressions of appreciation for that kindness.
• Children’s Voices from the Trails, February 26, 2012 – Learn what it was like to cross the plains in a wagon train en route to Oregon, Utah, and California through the eyes of the youngest travelers. Rosemary Palmer shares insights gleaned from diaries and letters written by children.

There is too much to see in Nauvoo for it to be a one or two day affair. Take advatange of historically located Nauvoo hotels, where each inn has a history that rivals the city in which it resides.

Woodruff Hotel
1200 Mulholland
Nauvoo, IL 62354
Ph: (800) 860 – 1215