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December 2013

Goodbye 2013, Hello 2014!

Posted 12/30/2013 by seanepp in The Practice Buyer's Corner - Random Musings from the Buy-Side | Comments: 0 | Views: 63022

Fellow Townies,First and foremost, we hope that 2013 treated your families and practices incredibly well. From our vantage point it was a peculiar year. We had the opportunity to review more practice transitions than ever but the outcome was skewed by a generally down year for most sellers -... Read More

The 2013 True Tooth Review

Posted 12/30/2013 by DentInsStore in Straight-Talk | Comments: 0 | Views: 5611

Wow. A culmination of another full year of amazing dental news that is rapidly disappearing in the 2013 rear view mirror. As we humbly reflect on this past year of dental trends and delightfully corny dental stories, Felicia and I raise our bottle of ADA approved mouthwash and salute all of you who... Read More

Managing Investment Risk Part 2: Correlation and Diversification

Posted 12/26/2013 by Kon Litovsky in Financial Planning and Money Management | Comments: 0 | Views: 5791

Hedge funds, managed futures, commodities, private placements, oiland gas exploration, non-listed REITs…what do all of these have incommon? The sellers usually claim that their product will provide thenecessary diversification for your portfolio. They claim they havenumbers to prove it, too.... Read More

Managing Investment Risk Part 1: Market Risk

Posted 12/23/2013 by Kon Litovsky in Financial Planning and Money Management | Comments: 0 | Views: 5412

This chart can put everything in context:Figure 1. Missing ten best days.Allthis says is that markets are extremely risky, with majority of gainsand losses coming in a very short period of time. So anyone planning toretire and make withdrawals better manage risk, or else:Figure 2. 'Monte Carlo'... Read More

Choosing The Best Practice Location; A Lesson In Demographics

Posted 12/23/2013 by OpenADentalOffice in How To Open A Dental Office | Comments: 0 | Views: 8885

Quite possibly the largest investment of your life will be made on a new office and you want to do it right. There is a lot on the line!First, before considering the best dental demographics for your practice, see if any of these questions have rattled around in your mind:1.) Do you want the... Read More

Watching Your Back Door for Marketing Success

Posted 12/19/2013 by samboenits in Clicks 2 Call Marketing Solutions | Comments: 0 | Views: 4270

Our dental practices have two very important doors. One of them is meant to remain open (our front door) while the other should always be closed (our back door). Our back doors were never intended to be open and yet many dental practices ignore this one very important "thruway" when marketing their... Read More

The Newest Proven Dental Practice Demographics Tools; The 12 That Matter Most To New Dental Practices

Posted 12/17/2013 by OpenADentalOffice in How To Open A Dental Office | Comments: 0 | Views: 52789

2 of the following 12 Demographic Reporting Tools, if combined, can make or break new dental practices.Can you guess which ones?The importance of these 12 Demographic Criteria boil ALL the census data down to the key elements that are relevant to dentists and their new dental practices.1)... Read More

Debt Repayment Basics

Posted 12/17/2013 by Kon Litovsky in Financial Planning and Money Management | Comments: 6 | Views: 7118

Whether you have student loans, practice loans or a mortgage, one of the most common questions asked is whether it makes sense to pay out your loans early. Opinions always vary. Some say you should repay your loans quickly. Others say invest your money in stocks instead. Does your loan interest... Read More

That Most Dirty Word

Posted 12/16/2013 by Kevin Tighe in Cambridge Dental Consultants | Comments: 0 | Views: 4275

Disclaimer: The word I am about to define is not for the faint of heart. Macho men have been known to turn into quivering bowls of Jello when even uttering this word.Definitions:1) Income received for goods and services over some given period of time.2) An act of completion of a commercial... Read More

Tips for Choosing The Right Dental Office Building for You

Posted 12/10/2013 by OpenADentalOffice in How To Open A Dental Office | Comments: 0 | Views: 6476

“We shape our buildings; thereafter, they shape us”– Winston ChurchillMaybe Churchill could have been speaking to the dental community of the 21stcentury....Your patients will gauge you. Your dental office building will speak – what does it say?It says: Plan well with you... Read More

Ex-Dentists Who Found Fame and Fortune

Posted 12/9/2013 by DentInsStore in Straight-Talk | Comments: 0 | Views: 4816

Wonder how many dentists and hygienists owe their careers today to the North Pole’s most famous dentist and the founder of North Pole Dental World, LLC?Recently while watching “Rudolph the Red-Nosed Reindeer” with two of our grandchildren, we all laughed at, the elf who wanted to... Read More

Morning Huddles

Posted 12/9/2013 by Kevin Tighe in Cambridge Dental Consultants | Comments: 0 | Views: 1037

A morning huddle is very different than a dental staff meeting. I'd leave the motivational stuff to staff meetings as there'splenty to go over in a correctly run morning huddle and usually not much time to do so.The morning huddle is mainly acoordination meeting that should cover at least... Read More

Dental Hiring Tips

Posted 12/9/2013 by Kevin Tighe in Cambridge Dental Consultants | Comments: 0 | Views: 6321

Tip #1Most employees at my favorite local restaurant have been there for years. The service is always heads and shoulders above other establishments in the area. Recently I complimented the manager and asked what her secret was. I got a very quick reply:"Drug testing” she said with a... Read More

Dental Operatories...How Many Do You Really Need?

Posted 12/3/2013 by OpenADentalOffice in How To Open A Dental Office | Comments: 0 | Views: 7731

"How many operatories do I really need?" Our answer can be summed up with a simple equation.3 and 2 = 55 Operatories is best: 3 for the Dentist and 2 for hygiene.How dare I be so bold?!People write very expensive books on this dental office design topic, yet I’m offering you a definitive... Read More

Clash of the Dental Titans

Posted 12/2/2013 by Kevin Tighe in Cambridge Dental Consultants | Comments: 0 | Views: 4537

I had just returned from consulting a new client where an epic conflict between the back and front had laid siege to the dental office. The doctor thought this "Clash of the Titans" would quickly blow over. Instead it blew up.And what was this battle over?Chart colors.Did you say, “Chart... Read More

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