at 942 Highmeadow Court, Lancaster, 17601 United States
Dentcetera provides exceptional practice financing exclusively for dentists, orthodontists, oral surgeons.
Dentcetera provides exceptional practice financing carefully crafted exclusively for dentists, orthodontists, oral surgeons. * New Graduates Welcome * Solo & Group Practices * A to C credits * Past bankruptcies considered * Practice Acquisitions * Practice Start-Ups * Partner Buy-In & Buy-Out Loans * Practice Refinances * Working Capital & Lines of Credit * Equipment Loans * Consultant Loans * Practice Work-Outs * Equity Out Practice Loans * Practice Real Estate Loans * Low Rate Attractive Fixed & Variable Rates * Practice Loans From $200,000 - No Limit * Equipment, Working Capital Loans from $25k Dentcetera specializes in serving dental practice professionals - no one else. Financing is available to all qualified borrowers.
89 FB users likes Dentcetera Dental Practice Advisors, LLC, set it to 8 position in Likes Rating for Lancaster, Pennsylvania in Consulting/business services category
FRAUD - Is your business at risk? Things to consider: - Long-term Employees: You know, the one you trusted the most, and who knew it.... - Employees w/ strong history of short-term employment: Now she works for you.... - Bad Attitudes - These employees may feel you OWE them something....... - Poor Internal Control: Never allow (1) person complete control over YOUR $. Not the bookkeeper, not the insurance person, not the front desk person. Ideal to cross-train, and insist these jobs be shared. - Rising Business Costs You Just Can't Explain........
It's true - your FD staff will make or break you. They can also hold you at status-quo. But your FD, OM, RDH and assistants - each of them - have the ability to take your business down, right under your nose, when your eyes and ears are not close enough to see what's happening - or not happening. And face it, in your business, your eyes, ears (and nose) are most often focused on one thing - the mouth currently in your chair. What are you doing - what measures are you taking to make yourself aware of what your staff is doing (or not) with your investment? What are you reviewing on a regular basis in order to keep on top of things before they get out of hand? There are some key indicators of problems that so often go unnoticed or unaddressed, simply because a business owner may not know where to begin to address them, or simply doesn't see them in the first place. Some of these indicators come by way of your relationship with your staff, individually and on a whole, and some of them come from your relationship with your practice management software, and how well you actually know and utilize it. Don't leave it to your OM to oversee and manage all these things. Even on an aggressive bonus plan, s/he is not vested in your business. Learn how to oversee your OM's oversight, while protecting your investment and your future. Call us to help map out a safety plan. It's easier than you think. 1.800.324.8808 9am-9pm EST, or by appointment
An Associateship is the best way to build your clinical skills, and your dental business acumen, hopefully by learning how to do it well, and quite possibly learning how not to. For most, the lessons learned fall on both sides, and that is a good thing. That said, how do you make the most of your Associateship in the eyes of a potential lender in the event you'd eventually like to own your own business? You may not have given that much thought, but you should. We're here to help you make the most of your Associateship, and in ways you might not have considered. Call us, and let us guide you. 1.800.324.8808 9am-9pmEST, or by appointment
It's #FreakyFriday - post YOUR practice #FF pictures for us, so we can all share in the #FreakFest!
Earlier today we achieved 100% financing for a recent dental graduate acquiring his first practice with real estate totaling $1.4 million in NJ. 20 years fully-amortized.
"Must I pay my RDH while she's out for CE, or my admin staff while they're out-of-town for training on our new practice management system?" This is a commonly asked question. The basic answer comes from the US Dept. of Labor. "Lectures, Meetings and Training Programs: Attendance at lectures, meetings, training programs and similar activities need not be counted as working time only if four criteria are met, namely: it is outside normal hours, it is voluntary, it is not job related, and no other work is concurrently performed." When it comes down to it, this is what your attorney is for. When your employee is out for mandatory CE in order to maintain his or her license, OR for training which YOU have required. and it's on a weekday, during normal business hours, what do YOU do? Do you pay his or her hourly rate, or not? But more importantly, what does your attorney say you should do?
Yesterday we achieved funding for the refinance / partner buy - out of a start-up specialty dental practice in AZ for one of our loyal, three-peat dental clients.
If you are familiar with the work we do in the dental community, or have been a client of ours, please consider going to "..." just above, to the right of LIKE, FOLLOW, MESSAGE - and choose "Write a Review" to do just that. Thank you!
If you are interested in converting your practice to a Fee a For Service dental practice or maximizing your patient care, we recommend you join the Practice Prudence Group, "The FFS Dental Practice." This is a valuable opportunity.
When I first started Dentcetera Dental Practice Advisors, LLC in 2005, aimed at younger clients, people said it wasn’t a viable business model for two reasons: first, we represented solely buyers and second, our clients were primarily new or recent graduates of dental school or residency programs. By focusing generally on the younger client and developing a payment system that’s aligned with their means, I have built meaningful relationships. My typical dental client ranges in age between their late-20s and late 30s, which for most is a time of big transitions. They are buying or starting their first practice, getting married, having kids, buying their first home and that means they need help managing cash flows. I recommend the importance of emergency funds, consistent budgeting and helping clients develop strategies to tackle outstanding debt. Certainly there is more to do to represent a younger client effectively, but I receive a tremendous satisfaction helping them develop good financial skills in their practice and personal lives. Dentcetera Dental Practice Advisors, LLC always seeks to create a win-win situation for both parties in a practice transition. This means taking special care of our active buyers, especially first timers, to make certain that their experience will be a positive one. We understand and appreciate the level of anxiety that buyers — especially new ones — have when it comes to the purchase of a dental practice. First-time buyers may be newly minted dentists fresh out of school or residency programs; they may be foreign-born and lack confidence in their ability to communicate effectively, or they may be members of minority groups and feel they may be at a disadvantage in negotiating an equitable deal. The reality is, business courses in dental schools are either non-existent, out-of-date, or otherwise lacking in teaching real-world business methods and negotiating skills. Dentcetera Dental Practice Advisors, LLC professionals are thoroughly attuned to both the financial and emotional stresses placed on the first-time buyer. We understand their need to feel confident in those representing their interests; that the trust they place in those professionals will be returned via the expertise and ethics that will guide them through what will undoubtedly be one of the most important and complicated transactions they’ll ever have to make. Unfortunately, new buyers can easily fall victim to unscrupulous “advisors” who are more interested in looking out for their own financial interests than they are in advocating for their client. Dentcetera Dental Practice Advisors, LLC knows what information the buyer needs, and makes sure that the necessary and correct information regarding a practice’s financial and professional history is provided in a timely matter. We assist the buyer in making truly informed decisions based upon their needs, their professional capabilities and experience, their financial circumstances, and their risk tolerances. firstname.lastname@example.org
Dentcetera is getting a makeover and will return shortly. Stay tuned 📈
#10 Reason Why You Should Engage A Practice Broker To Sell Your Practice Our experiences with practices that engaged our firm as a result of an unsolicited offer from a buyer have been quite instructive. The eventual selling price averaged over 20% higher than the first offer. In no case was the practice sold at the initial price. To conclude, the practice broker helps reduce the risk of practice erosion with improved confidentiality while allowing the owner to focus on running the practice. The practice broker led sale helps maximize sales proceeds by involving a large universe of buyers in a competitive bidding process. Finally, the practice broker can improve the likelihood that the sale closes by buffering buyer – seller negotiations and by balancing the experience scales.
#9 Reason Why You Should Engage A Practice Broker To Sell Your Practice Maintain Buyer – Seller Relationship. The sale of a practice is an emotional process and can become contentious. The practice broker acts as a buffer between the buyer and seller. This not only improves the likelihood of the transaction closing, but helps preserve a healthy buyer – seller relationship post closing. Often buyers want sellers to have a portion of their transaction value contingent on the successful performance of the practice post closing. Buyer and seller need to be on the same team after closing.
#8 Reason Why You Should Engage A Practice Broker To Sell Your Practice Maximize the Value of Seller’s Outside Professionals. Practice brokers can save the seller significantly on professional hourly fees by managing several important functions leading up to contract. His compensation is usually comprised of a reasonable monthly fee plus a success fee that is a percentage of the transaction value. The practice broker and seller negotiate with the buyer the practice terms of the transaction (sale price, down payment, seller financing, etc.) prior to turning the purchase agreement over to outside counsel for legal review. In the absence of the practice broker that sometimes-exhaustive negotiation process would default to the outside attorney. It is generally not his area of expertise and could result in significant hourly fees.
#7 Reason Why You Should Engage A Practice Broker To Sell Your Practice. Balance of Experience. Most corporate buyers have acquired multiple practices while sellers usually have only one sale. In one situation we represented a first-time seller being pursued by a buyer with 12 previous acquisitions. Buyers want the lowest price and the most favorable terms. The inexperienced seller will be negotiating in the dark. To every term and condition in the buyer’s favor the buyer will respond with, "that is standard practice" or "that is the market" or "this is how we did it in twelve other deals." By engaging a practice broker the seller has an advocate with a similar experience base to help preserve the seller’s transaction value and structure.
#6 Reason Why You Should Engage A Practice Broker To Sell Your Practice. Valuation Knowledge. The value of a practice is far more difficult to ascertain than the value of a house. Every practice is unique and has hundreds of variables that effect value. Practice brokers have access to practice transaction databases, but those should be used as guidelines or reference points. The best way for a practice owner to truly feel comfortable that he got the best deal is to have several financially viable parties bidding for his practice. An industry database may indicate the value of your practice based on certain valuation multiples, but the market provides the real answer. An industry database, for example, can not put a value to a particular buyer on a key customer relationship or a proprietary technology. Most practice owners that act as their own practice broker get only one buyer involved – either another practice that approaches him with an unsolicited offer or a referral from his banker, accountant, or outside attorney.
#5 Reason Why You Should Engage A Practice Broker To Sell Your Practice. Marketing. A practice broker can help present the practice in its best light to maximize selling price. He understands how to recast financials to recognize the EBITDA potential post acquisition. Higher EBITDA = higher selling price. He understands the key value drivers for buyers and can help the owner identify changes that translate into enhanced selling price.
#4 Reason Why You Should Engage A Practice Broker To Sell Your Practice. Volume of Buyers. Practice brokers subscribe to databases of practices / associates that enable them to screen for buyers that are interested in a certain type of practice / community and have revenues or creditworthiness that would support the potential acquisition. In addition they maintain databases of high net worth individual buyers and have access to private equity groups databases that outline their buying criteria.
#3 Reason Why You Should Engage A Practice Broker To Sell Your Practice. Time to Close. Since the practice broker’s function is to sell the practice, he has a much better chance of closing a transaction faster than the owner. The faster the sale, the lower the risk of practice erosion, patient defection, employee problems and predatory competition.
#2 Reason Why You Should Engage A Practice Broker To Sell Your Practice. Practice Continuity. Selling a practice is a full time job. The practice owner is already performing multiple functions instrumental to the success of his practice. By taking on the load of selling his practice, many of those essential functions will get less attention, sometimes causing irreparable damage to the practice. The owner must maintain focus on running his practice at its full potential while it is being sold.
Ten Reasons Why You Should Engage A Practice Broker To Sell Your Practice. #1: Confidentiality. If an owner tries to sell his own practice, that process alone reveals to the world that his practice is for sale. Employees, customers, suppliers, and bankers all get nervous and competitors get predatory. The practice broker protects the identity of the practice he represents for sale with a process designed to contact only owner approved buyers with a blind profile – a document describing the practice without revealing its identity. In order for the buyer to gain access to any sensitive information he must sign a confidentiality agreement. That generally eliminates the tire kickers and deters behaviors detrimental to the seller’s practice