$100,000 Horror Story #2

Not Leasing Enough Space To

Achieve Your Practice Goals

 

Don't make this mistake on your project.

 

It is common for us to meet with a dentist that has signed a lease for space that will not accommodate the number of operatories he wants to build.

 

The ratio of square footage to operatories will be too small. There are certain regulatory bodies that dictate square footage allotted to the facility and there is no way around it.

 

It is common for them to lease space intending to build five operatories but after considering the national and local building codes only are able to complete three.

 

You should never sign a lease for a space without having the space reviewed by an architect that understands dental office design.

 

The cost of this mistake can be huge. It will affect your productivity for the length of your lease. These mistakes can easily add up to $100,000.

 

Architects must comply with ADA (American Disabilities Act) codes and restrictions. Many dentists perceive that non-public areas do not need to be ADA compliant and that is not the case.

 

Architects must also comply with fire marshal codes that have certain restrictions that can dictate the square footage required to achieve your ideal space.

 

You should know all of the local and national code requirements before you sign a lease.

 

TO PREVENT ALL THIS YOU NEED

The Financial Leadership Solution

 

You can save wasted money and time by investing a little bit of time and money with AN EXPERT (not an investment advisor or stock broker … or a loan officer or equipment rep) who can review and analyze your entire, complete financial situation BEFORE you ever sign a new lease.

 

The review and analysis will result in a very clear picture of your financial situation and a realistic FINANCIAL PLAN can be developed that lays out your financial constraints, the financial tools and the correct timing or sequence of events you need to secure the right financing that supports successfully expanding your office, buying your equipment and affording any additional lease and debt payments.

 

 

You need The Financial Leadership Solution, here's 2 ways to get started:

 

PRIVATE ONE-ON-ONE CONSULTING

This is ideal for the person who likes to delegate.  Click here or send a blank email to hireageek@getresponse.com

 

PEER CONFERENCE COACHING

 (the December 9, 2005 class is FULL, next class starts January 20, 2006)

This is perfect for the do-it yourself type person Click here or send a blank email to  getacoach@getresponse.com

 

We understand that you are a do-it-yourself type of person but you do not want to make a $100,000 mistake.  We help by providing you with the confidence, capabilities and creativity through our Peer Conference Coaching.  

 

The complete Financial Leadership Solution delivered in a Peer Conference Coaching format includes:

 

·        All forms, templates and calculations with easy to follow examples

·        Four, two hour, facilitated Conference calls, held on Friday mornings

·        Facilitated by a Finance Geek expert

·        Maximum of 10 dentists per Conference

·        All Conferences are interactive so you will learn from each other

·        Unlimited email support for nine months

·        All Conferences are recorded and are free for your unlimited use

·        The process will make you a better business person

·        Develop a much higher level of financial sophistication

·        Understand at a much deeper level how finance can help or hurt you

·        Develop confidence, capabilities and financial creativity

 

You complete the forms prior to the scheduled conference call.  You email your questions prior to the call and we will organize the call based on them and the specific agenda topic.

 

Conference

Date - Friday

Time

Materials arrive

January 13, 2006

 

One

January 20, 2006

11:00 AM EST

Two

February 3, 2006

11:00 AM EST

Three

February 17, 2006

11:00 AM EST

Four

March 3, 2006

11:00 AM EST

Email Support Ends

November 3, 2006

 

 

The materials for your first conference will arrive by January 13, 2006, giving you 1 week to review and get prepared for the first call.

 

What will you receive when you are part of the Peer Conference Call

 

  • You will have a clear understanding of your goals

  • You will understand your lifestyle expenses

  • You will calculate the payment you can afford

  • You will determine how much you can borrow

  • You will be able to plan for the GAP in your project

  • You will receive specific details on how to deal with banks

  • You will learn the difference between a bank proposal and a bank commitment

  • You will be learn how to read bank commitment letters so you can understand what you really have

  • You will gain access to banks outside of your area

  • We will provide you with lenders that may be able to provide you with a better tool for your situation

  • You will learn how to use multiple lenders to complete your project

  • Learn how to determine if you should buy or lease

  • Learn how to determine of you should build extra space as income property

  • Learn from your peers as they move through the same process

To hire us for your project or if you have questions call 317-581-5664.

 

David Catalano

Finance Geeks

david@FinanceGeeks.com

www.FinanceGeeks.com

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