Dental Practice Finance Loans

dental practice finance loansStarting a dental practice is not an easy task.  It is important to gain and establish patients and make sure that they are receiving a positive experience.  But another important aspect is the financial steps that will keep the business operating smoothly. In an article written by Daniel Croft on Dentistry IQ, he lists 3 things that dentists should know when applying for dental practice finance loans.

First, examine your fiscal health.  You should examine key practice performance indicators, production, continuing care, schedule optimization and also patient analysis. You will need to evaluate your practice’s cash flow, revenue and profitability to give you an idea of how much you need to finance.

Read the other two tips here: 3 things dentists need to know when applying for dental practice finance loans

Are Dentists Paying Too Much For Financial Advisors?

financial advisorIf you own a dental business, you may be paying for a financial advisor to help you out.  Are you paying too much? A recent poll found that many dentists don’t even know how much they are paying their financial advisors. In an article written by John McGill and Bret Miller, they give you advice on how much you should be paying your financial advisor.

Doctors and dentists can avoid these costly mistakes and generate the best rate of return by taking some of these recommendations. One of these tips is to hire a fee only advisor.  Read the full article, found on Dental Economics here: What’s the true cost of high investment fees? What every dentist should know about paying a financial advisor