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The Power of compounding
What is the power of compounding? Some of you have already heard that it is the eighth world wonder. However, we won’t talk about the fact if you took a single penny and doubled it everyday, by day 31, you would have $10,737,418.23. We will talk about how not paying attention to the power...  Read More
The Dental A Team Podcast Episode 438: Can Too Many New Patients Be a Bad Thing?
Ep. 438  Question: What are the signs you have too many new patients? Episode 438: Can Too Many New Patients Be a Bad Thing? Does the title have your eyebrows raised? We know it’s an interesting question, but our answer is YES. Too many new patients can be bad, bad, bad for your business....  Read More
7 Streams of Income: The Secret To Becoming a Millionaire
When I began a start up specialist dental practice in 2005, I mainly focused on networking with other dentists for referrals and anything I could to increase new patient numbers. As a matter of fact, this was my MAIN focus for years. You see, shortly after training, marketing companies know that...  Read More
Episode 109 - Legendary Dental Leadership
“Leadership is a lifetime endeavor. It's not something you just know. But there are a few keys to making it much easier." What I've striven for most of my career is to develop a legacy of legendary leadership. In my opinion, legendary leadership is about training, supporting, and empowering your...  Read More
WANT TO IMPROVE THE QUALITY OF YOUR LIFE?
A practice is a business that is now becoming more apparent to dentists every day. A practice is made up of an office, a doctor, a staff, patients. It brings in income, pays expenses, and (hopefully) makes a profit. Income must exceed expenses to make a profit. A practice must be profitable to stay...  Read More
MAXIMIZING YOUR PRACTICE VALUE
MAXIMIZING YOUR PRACTICE VALUE   Don’t listen to the doomsayers… dental practices are selling for higher prices than ever. It’s all a matter of knowing how to market a dental practice in this environment. AFTCO has the knowledge, experience, and tools necessary for a practice owner to ultimately...  Read More
Dental Associate Contracts
What form of non-compete is permissible and defendable? If you’re fresh out of dental school or even a seasoned dentist working for a practice, what are some vital stipulations you should have in any contract to protect yourself in case you leave that practice? Stuart Oberman answers these...  Read More
The Dental A Team Podcast Episode 436: Tackling Adding New Comprehensive Dentistry
Episode 436 Dr. Erin Elliott is on the podcast! Dr. Elliott is an absolute pro in the sleep apnea world, and in this episode she and Kiera discuss comprehensive dentistry and how to best introduce new skills and treatments into an office.  When it comes to teaching your team about a new...  Read More
Deadline Approaching for $25.5 Billion in Provider Relief Fund and American Rescue Plan Payments
The deadline to apply for Phase 4 funding under the Provider Relief Fund and American Rescue Plan is October 26, 2021. If these funds are properly utilized, they will not need to be repaid. The HHS administered funds are available to practices that experienced lost revenues and/or increased...  Read More
Episode 13 - Employment Law & Dentistry with Ali Oromchian
“Getting accustomed to reading and learning as things happen and not ignoring the rule changes is very important. If you’re too busy, then rely on professionals to help you.” ~Ali Oromchian One of the biggest topics doctors struggle with as business owners is the topic of legality and liability....  Read More
Rich vs Wealthy: What’s The MAIN Difference?
If you’re rich and make a lot of money, does that automatically make you wealthy? Doctors typically make a lot of money so all doctors are rich, right?  These are some of the topics we’re going to cover today.  If you’re a subscriber to this blog (thank you), then you’ve noticed that I’ve...  Read More
Hiring an Associate
If you are expanding and can no longer keep up with the number of patients coming in the door, or if you are looking at reducing your working hours for quality of life reasons, you will likely want to bring on an associate dentist.  Hiring an associate dentist is not like hiring other staff, and...  Read More
The WealthAbility Show Episode #96 - Red-Hot Real Estate w/ David Steele
Red-Hot Real Estate The WealthAbility Show Episode #96: Red-Hot Real Estate w/ David Steele Passive real estate investing is a popular way for high-income earners to gain financial freedom and multi-family real estate prices are skyrocketing. In this episode, David Steele joins Tom to help us...  Read More
How Capital Gains Tax Increases Can Affect Business Owners Looking To Retire
As if this past year hasn’t been enough of a rollercoaster, capital gains tax have the potential to almost double from 20% to 39.6% for profits made on the sale of stock or property for people who make more than $1 million in income. With 2022 seemingly around the corner, it leaves a narrow window...  Read More
Practice Ownership Tax Benefits
In February 2021, a dentist purchased a 3,330 sq. ft. free standing dental office on 0.3 acres. Excluding dental equipment and land value, the dentist's cost basis came in at $866,592. From this, 33% of the building and site improvements were identified as being eligible for accelerated...  Read More
How To Identify And Develop Leaders
In this weeks episode Dr. Tammy Baily interviews Talent Management and Human Resources Professional Donna Winfrey, to discuss how to identify and develop leaders.  Thank you for listening to The Dental Up Podcast, Join Dr. Tammy Baily next week for the part two of this interview with Donna...  Read More
How To Battle Inflation With Real Estate Investing
For the past decade, the average inflation rate has hovered around the 2% mark for the United States. Many of the “financial experts” are forecasting higher inflation than normal due to the 2020 pandemic.  They state this is from a rise in unemployment rates, higher costs of goods, failing...  Read More
Episode 135 - Preventing Burnout in Dentistry with Victoria Peterson, SsD & Dr. Joe Blalock
"Our minds never shut off. Because we have our phones and our social media etc. it never shuts down and it can be overwhelming." ~Dr. Joe Blalock Regan Robertson here, and today we are having a podcast crossover party featuring yours truly and Victoria Peterson, host of the Investment Grade...  Read More
Special Crossover Episode - Preventing Burnout in Dentistry
“I think its just knowing that so many people have already experienced the same things and that there are already solutions to the problems I faced and I don't have to figure it out on my own." ~Dr. Joe Blalock I recently had the honor to sit down in person with Dr. Joe Blalock, host of the Life...  Read More
Episode 108 - Mentoring in Dentistry
“In my opinion, mentoring the young dentist is critical to the long-term success of dentistry." I had the great opportunity recently to sit down with my nephew and a friend of his who are in dental school. They just really blew me away with their questions and interest in the business of...  Read More
The Disability Insurance Claims Process Part 5: Claim Approval
In our last post, we finished our discussion regarding the investigation and evaluation stage of the disability insurance claims process. Hopefully, once you have submitted the required information and your claim has been evaluated, the insurance company will approve your benefits. This post...  Read More
Feeling Philanthropic? A Charitable Planning Primer
Do you want to have a major impact on a charity or cause that means a great deal to you? Do you want to do well financially by doing good for others in need? If so, you’ve got plenty of company. One top financial issue we hear about from today’s individuals and families is charitable giving—how...  Read More
The WealthAbility Show Episode #95 - The IRS Wants to Snoop on You  w/ Patrick Hedger and Jim Amundson
  The IRS Wants to Snoop on You The WealthAbility Show Episode #95: The IRS Wants to Snoop on You  w/ Patrick Hedger and Jim Amundson In this episode, Patrick Hedger, VP of Taxpayers Protection Alliance, & Jim Amundson, CEO of The Independent Community Bankers of Minnesota, join Tom to discuss...  Read More
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