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1 month ago | 
dentaltown.com | David Ranney |Maggie Augustyn |Melissa Lowry |Thomas Giacobbi
Kiera walks listeners through five steps to understanding a profit and loss statement:1. Know the structure
2. Follow the revenue streams
3. Track your spending
4. Calculate the ratios
5. Set financial goals
Episode resources:
Sign up for Dental A-Team’s Virtual Summit 2025!
Subscribe to The Dental A-Team podcast
Schedule a Practice Assessment
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Transcript
Kiera Dent (00:03.726)
Hello, Dental A Team listeners. This is Kiera.
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2 months ago | 
dentaltown.com | David Ranney |Howard Farran
Upcoming Free CE Webinar – Selling Smart: What Every Dentist Needs to Know Tuesday, February 25, 5pm PT / 8pm ET • 1.5 hours live lecture CE credits • Reserve Your Seat Here Today's Active Topics Browse Forum Categories My Recent Activity My Messages Private Groups My Marked Threads My Subscriptions Today's Active Images Today's Active Polls Most Active Topics Global Townie Map Advanced Message Board Search Message Board Terms of Use | Comments: 0 | Views: 2 Have You Ever Wondered How a Few...
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2 months ago | 
dentaltown.com | David Ranney |Howard Farran |Arselia Gales |Sam Mittelsteadt
Tiff and Britt give tangible tips for creating a wealth plan of action. They cover everything from knowing what your ideal work-life balance is, when you hope to retire, the right systems you can create now to set you on your path, and a ton more.
Episode resources:
Subscribe to The Dental A-Team podcast
Join Dental A-Team Consulting
Leave us a review
Transcript:
The Dental A Team (00:01.504)
Hello, Dental A Team listeners and welcome back. I am here again with Miss Britt.
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Dec 11, 2024 | 
dentaltown.com | William Jacobson |David Ranney |Angie Svitak |Jarod Johnson
“Privacy and transparency are values, and they can be conflicting. If you gain one, you might lose the other, and if you lose one, you might gain the other.” ~Dr. Chad Johnson
Transparency can build trust, but oversharing can confuse or overwhelm. In this episode of Everyday Practices Dental Podcast, Regan and Dr. Chad break down three actionable steps to help you strike a balance between transparency and privacy in your business.
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Dec 2, 2024 | 
dentaltown.com | David Ranney |Jay Geier
By Practice Integration Advisor Thomas Bodin, CFA, CFP®??
The dental industry faces significant challenges, as highlighted by the ADA Health Policy Institute’s (HPI) emerging issues poll. Practice owners are navigating staffing shortages and rising costs, stagnant insurance reimbursements, and increasing overhead expenses. While these trends create pressures, they also present opportunities for proactive leadership and strategic decisionmaking.
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Nov 20, 2024 | 
dentaltown.com | David Ranney
Cash balance plans can help
dentists defer taxes, save more for
retirement and retain employees
Among high-earning professionals,
dentists take on an unusually
large amount of debt, both
from their education and from
purchasing or starting up a practice. Combined with the additional costs
of raising a family and buying a home,
many practice owners start to fall
behind in retirement savings soon
after opening their practice.
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Nov 11, 2024 | 
dentaltown.com | David Ranney |Howard Farran |David James
Here’s an overview of the enhanced services we now provide:
Entity Formation and Structuring: We can assist
buyers in forming the appropriate legal entity (e.g., LLC, PLLC, S-Corp) for
practice ownership, ensuring the structure offers optimal liability protection
and tax benefits.
Drafting and Reviewing Legal Agreements: We draft and
review essential agreements such as partnership agreements, employment
contracts, and non-compete agreements.
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Oct 28, 2024 | 
dentaltown.com | David Ranney |Angie Svitak
One of the top (and most misunderstood) questions our Passive Investors Circle members ask is whether K-1 losses can help reduce their W-2 income.
The good news is that for certain types of investors, K-1 losses can offset W-2 income, specifically if they relate to passive activities.
Remember that the Internal Revenue Service has rules governing these types of offsets, and your ability to utilize them may depend on your total income and the nature of the losses.
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Oct 23, 2024 | 
dentaltown.com | David Ranney |Flint Geier |Howard Farran |Thomas Giacobbi
“Dentists who are exceptional leaders check on their team to see if they are ok and if they as a business owner and team leader can do to help the team accomplish their jobs.”
~Sommer Carrol, RDA
Leadership is one of the most daunting elements of business ownership. And if you don’t think so, you’re not doing business ownership right. But how do you know if you’re a good leader?
Here’s a quick stress test: Do you find yourself doctor rolling your eyes at the team often?
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Oct 23, 2024 | 
dentaltown.com | David Ranney |Jay Geier
LISTEN TO THE FULL PODCAST EPISODE HERE
Are traditional retirement plans holding you back? In this eye-opening episode, I dive into a conversation with Kyle Christensen, where he disrupts conventional financial strategies queued up for dentists. Rather than funneling earnings into several miscellaneous traditional retirement savings like 401(k)s and IRAs, Kyle introduces the novel concept of "fake assets" that might not serve you as you imagined.
