DiscoverThe Happy Dentist PodcastWhy Most Dentists Will Never Sell Their Practice for What It’s Worth with Ken Kaufman
Why Most Dentists Will Never Sell Their Practice for What It’s Worth with Ken Kaufman

Why Most Dentists Will Never Sell Their Practice for What It’s Worth with Ken Kaufman

Update: 2025-09-17
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📩 Grab our new Dentist Playbook built from the TOP 50 learnings from our Happy Dentist guests. Simply prompt a question & you'll receive advise directly from our episodes: https://bit.ly/TheDentistPlaybook

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  • (00:00 ) - – Intro

  • (00:55 ) - – Ken joins the show

  • (02:12 ) - – Ken’s backstory (pre-dental → dental journey)

  • (03:09 ) - – Early CFO role at 27

  • (04:38 ) - – Helping emerging dental groups

  • (05:31 ) - – Why multiples are tied to EBITDA

  • (06:49 ) - – Valuation depends on future performance

  • (08:49 ) - – Buyers pay for future cashflow

  • (10:30 ) - – How to increase multiples when selling

  • (12:40 ) - – Importance of equity for associates

  • (15:07 ) - – Teaching associates how equity works

  • (16:51 ) - – Where to learn about equity (Investopedia, AI tools)

  • (18:46 ) - – What makes a practice valuable for exit

  • (20:36 ) - – Free cashflow vs EBITDA

  • (22:16 ) - – Tracking free cashflow (statement of cashflow)

  • (24:02 ) - – 13-week cashflow forecast = “sleep at night” report

  • (25:34 ) - – Why budgets matter

  • (28:01 ) - – Budgeting as a tool to steer the business

  • (29:23 ) - – Story: using budgets at Nomad business

  • (30:45 ) - – How successful groups structure finances

  • (33:24 ) - – Importance of doctor pay + data accuracy

  • (35:08 ) - – What to expect from your finance team

  • (38:27 ) - – Cash vs accrual accounting

  • (40:25 ) - – Converting to accrual (Accruedent offer)

  • (42:00 ) - – Key financial metrics for dental practices

  • (43:44 ) - – Culture and team engagement as success drivers

  • (44:03 ) - – Blind spots: RCM & insurance inefficiencies

  • (47:36 ) - – Closing + where to find Ken



Follow our hosts on Instagram:

Dr. Ingrid Murra

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Dr. Kyle Stanley
Dr. Christian Coachman

The Happy Dentist Podcast

The Happy Dentist is a Two Front Podcast // Brought to you by The Two Front Media Network

Apply to partner with a virtual orthodontic team to keep 100% ortho in-house today.

Listen to this episode on the go:

🍎 Apple Podcasts: https://podcasts.apple.com/gb/podcast/the-happy-dentist-podcast/id1768163916

🟢 Spotify: https://open.spotify.com/show/3gl2Kwr1I3ZscksAsDUDW8?si=bde0aacd6d724ade

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Why Most Dentists Will Never Sell Their Practice for What It’s Worth with Ken Kaufman

Why Most Dentists Will Never Sell Their Practice for What It’s Worth with Ken Kaufman

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