June 9, 2021
Hello friends and clients!
The end of March is here and we welcome it. I hope all of you are on pace with your goals or are exceeding them. If you are below your numbers do not sweat it, we have 3 more quarters to grind it out. Dig deep to find out what is working and more importantly what is NOT. From there the answer should be clear. Focus on the ONE THING every day that will move you closer to the end result.
A Paycheck Protection Program (PPP) update! A lot of you got your 1st round of the PPP loan forgiven. Many of you just applied. Do not fear. The banks are processing these at their own rate. Either way, those of you that participated in it will soon enjoy the benefit, once it is “off” your books (officially). Congratulations to everyone who took advantage of the 2nd round. The requirements were slightly different, but had the same intent. It’s not too late for those who still want to participate so apply now! I think you all will agree, we live in unprecedented times. History is being written!
Although the COVID19 virus is still impacting many communities, we are seeing the numbers grow and stabilize for many of our clients around the country. Confidence levels in our communities are elevating with the vaccine shots being delivered on a daily basis. Overall, we are in a much better place than last year, that is certain.
Lastly, NLC has HUGE announcement to make and I could not be more excited to share it with all of you. If you have been following us on social media, this should not be a surprise. Our firm grew by one this month with the acquisition of Paula Quinn, BSDH. Thanks to her 30+ years in dentistry, Paula brings us a tremendous amount of experience.
Aside from owning her own practice in Phoenix AZ, she is also a practicing dental hygienist and an international educator and speaker for Invisalign and Biolase. Her background in and out of the dental practice gives her a unique skill set that brings incredible value to each of her patients and consulting clients. We welcome her to our team and invite anyone that’s interested in practice management to reach out directly to her at firstname.lastname@example.org.
The future is bright,
|Michael Dinsio, MBA|
Founder, Next Level Consultants
Thinking about your exit strategy?
Our membership plan can help!
Next Level Consultants and Omni Practice Group have teamed up to deliver a power-packed program that will help maximize your practice’s value when you decide to sell.
Developing a coordinated exit strategy is crucial to ensuring the sale of your practice is more predictable and can achieve an optimal valuation. Time is of the essence… so make it count! Our team has helped hundreds of dentists obtain a snapshot of where they stood before a focused effort, then provide a predictable plan to get them in a better place. We look at your hygiene department to identify opportunities within your existing patient base, as well as provide fee schedule, zip code, team member, and real estate evaluations.
|National Business Webinars|
|Start Up Or Buy? |
August 4, 2021, 5:30pm-7:30pm PST
Next Level Consultants
In this webinar Michael Dinsio, founder of Next Level Consultants, will take you through the pros and cons of both the Startup versus Buying a Practice. Michael, with over 400 startups and acquisitions under his belt, can help you decide which avenue is best for your career. Don’t be misinformed. Both options have their benefits and drawbacks. Let Michael walk you through the journey of both options! Topics including: The differences in financing Cash flow model for a startup How to value a practice Pitfalls of both buying vs. starting Marketing your practice either way How to attract team members vs. how to retrain team members Real estate lease options vs. purchase Sign up here
|The Good, the Bad, and the Ugly|
June 2, 2021, 6:30pm PST
Seattle King County Dental Society
Tune in for the “Good, Bad, and Ugly” stories of real-life victories and disasters in dental practice + how they resolved them. Hear shared experiences that will help you navigate practice ownership, associateships and more. Just when you think you’ve heard it all, we have the inside scoop on what things are really like as a practicing dentist.
Sign up here
|Who’s Managing Your Cash Flow?|
June 10, 2021, 6:00pm-7:30pm MT
Colorado Dental Association
Whether you’ve been in practice 20 years or you’re just opening the doors, understanding cash flow is critical to being in control and protecting the bottom-line profits. Merely understanding your business financials is one thing, but don’t let lack of cash flow disrupt your long-term success because you’re not scrutinizing your cash management activities. Walk away from this seminar with the knowledge to pay yourself and stop the juggling act.
Sign up here
|Wiped Out? Burned Out? Jump Start Your Office Culture Today!|
June 16, 2021, 6:00pm-8:00pm MT
Colorado Dental Association
In this interactive leadership course, we empower you to optimize your culture; create a better fit with your mission and values; and address the critical components of a balanced, happy and productive office culture including: List the advantages of a strong office culture and why it matters to your team and patients Define why mission and vision are just the tip of the iceberg in office culture Differentiate between culture and core values and how it involves your team in the process Recognize the value in intentionality of diversity, equity and inclusion Empower your practice to start tomorrow with new goals and targets Hear from real-world dentists about how they make these principles come to life CE Credits: 1.5
Sign up here
|What Dentists Should Know Before Selling Or Buying A Practice.|
June 25, 2021, 12:00pm-1:00pm MT
Omni Practice Group
Whether selling or buying a practice in today’s market, it is essential that dentists approach a transition with realistic expectations and a plan that sets you up for success.
Omni Practice Group is proud to invite you to attend, “What Dentists Should Know Before Selling or Buying a Practice. ” In this webinar, a panel of dental industry experts will discuss the following topics: When is the right time to sell When to start a plan and valuation of the practice What banks want to know about a practice post-COVID How to prepare yourself to buy practice Find a practice that makes sense for your lifestyle Marketing strategies to increase practice production for sellers and buyers Sign up here
|Events you may have missed that are now available to watch on YOUTUBE:|
|Mike Shoun gets in front of the camera 🎥 & Microphone 🎙 to drop some knowledge. He brings his expertise 🙌 to Start Up Uncensored and we Deep Dive into Website Development & SEO Marketing. There really is a science 🔬 to this. Affordable Image is the company that specializes in getting a dental start up’s website 💻 up, running, and optimized. Mike Dinsio and John Bertagni want to know WHY you can’t just find a buddy 👨🏻 to put up a website for you ? ? ? Start Up Uncensored wants to know WHY Dentists cut 🚫SEO out of their budget, when it really does pay 💵 💵 💵 off over the long haul.|