321. From $800K a Year to Bankrupt: What Went Wrong
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Show Notes
In this episode, Dr. Raheel Haider breaks down the exact red flags that turned an $800K practice into a bankruptcy — sky-high rent eating into profit margins, $10,000/month in marketing that wasn’t converting, a saturated market with brutal competition, and a seller he didn’t trust. This is a real case study in dental practice acquisition, practice due diligence, and the numbers every dentist needs to check before buying a dental practice.
If you’re a dentist considering practice ownership, a dental student planning your future, or a practice owner trying to figure out why your margins feel this tight — this episode shows you exactly what to look for (and look out for) before you sign.
What you’ll learn:
- The 4 red flags Raheel found before walking away from an $800K/year practice
- Why high fixed costs (especially rent) can quietly sink a profitable-looking practice
- How to evaluate a seller’s marketing spend and patient demographics before buying
- Why trusting the seller’s numbers isn’t optional — and how to catch red flags in a P&L
- The difference between “not defaulting” and actually thriving as a practice owner
Connect with us:
- Take our FREE lifestyle and practice assessment: https://thelifestylepractice.com/practice-assesment/
- Learn more about 1-on-1 coaching: https://thelifestylepractice.com/coaching-services/
- Get access to TLP Academy: https://thelifestylepractice.com/coaching-services/
- Get the TLP Student Academy for $20 (lifetime access): https://the-lifestyle-practice.teachable.com/p/studentacademy
- Subscribe to The Lifestyle Practice Podcast: https://podcasts.apple.com/us/podcast/tlp-podcast-for-dentists/id1476544801
- Free ebook — “How to Achieve Financial Freedom in Seven Years or Less”: https://the-lifestyle-practice.com/home-page-page
- Email Raheel at ra****@******************ce.com
- Email Derek at de***@******************ce.com
- Email Matt at ma**@******************ce.com
- Email Steve at st***@******************ce.com
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