$100,000 Horror Story #4

Leasing Too Much Square Footage,

Over-extending Yourself

Don't make this mistake on your project.

If your current office is too small, you may fall into the over-compensation trap and make your new office too big.  Big offices are hard to finance and hard to sell.

You may fall pray to this bias if your waiting room is always full and your business office is too small. 

Maybe your hygiene department is always booked up too. 

Humans tend to move in extremes.  Be careful that you do not make an extreme change to the size of your office.

Another related blunder is building a facility based on attracting an associate. In my experience, the associate either never comes or does not stay.

In general, if you can attract an associate, it may be better to stagger your schedule to accommodate them rather than to create a larger facility.

In my experience, you have a higher probability of paying for more operatories than you need, than to profit from the associate during the time you employ him.  Use The Financial Leadership Solution to determine your real space needs.

TO PREVENT ALL THIS YOU NEED

The Financial Leadership Solution

The Financial Leadership Solution eliminates $100,000 mistakes.

You can save money and time by investing a little of both with AN EXPERT who can analyze your financial situation BEFORE you construct a building, sign a lease, talk to a bank, buy equipment, buy a condo or a piece of land.

The analysis will result in a clear picture of your financial situation and a realistic FINANCIAL PLAN.  The Financial Leadership Solution uncovers your financial constraints, the financial tools and the correct timing you need to achieve your financial goals while eliminating $100,000 mistakes.

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.

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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