|
You Are About
To Make A
$100,000 Mistake
On Your Dental Office Project Before You Even
Spend One Dime Or Lift A Finger To Start It....
Dear Doctor,
Every week I take
calls from dentists just like you who start
their dental office projects before they
determine what they can actually afford to buy
or build.
Here are real
world examples of the financial havoc you can
cause when you fail to plan before you begin
your project.
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Dr. A – 2004
Office Relocation Project – Leased
Space
•
2004 Collections $600,000
•
2006 Collections $560,000 (6.7%
decline)
•
This practice did not grow as
expected
•
Annual debt payments: $194,136 or
$16,178 monthly
for a total debt of $805,942
•
Annual lease payments: $61,200 or
$5,100 monthly, > than 10% of
revenue
How
can a dentist with collections of $560,000
annually afford $21,780 per month in
debt payments? |
He can’t. This
doesn’t have to happen to you.
|
Dr. B – April
2005 New Building Completed
•
Cost: $1.4 million
•
The practice cannot cash flow the
debt
•
His practice did not grow the way he
was told it would
•
Since he completed the project he
has borrowed an additional $240,000
against his home and $80,000 on
credit cards to cash flow his
practice
and his lifestyle.
•
This year he said he might make
$100,000 but he used to make
$300,000.
How
can a dentist borrow more money than
he can pay back? It is easier than
you think! |
Doesn’t my
$100,000 mistake claim seem far too small and
foolish after seeing what these two doctors have
done?
What happened?
They did not plan before they built so they
inadvertently planned to fail. Now they will
spend far more money fixing the problem.
Do you think these
two dentists feel good about themselves?
Do you think that
their patients can sense that they are not okay?
Of course they can.
Everyone can tell
when your confidence is down. You must protect
your confidence.
Avoid these
$100,000 mistakes by attending my FREE WEBINAR
(register below).
In 59 minutes I'll
explain WHY you should first determine what you
are financially capable and cover strategies on
how to avoid big mistakes BEFORE you start
spending money on your dental office project.
TO REGISTER CLICK HERE
AND if you have any questions call me at
317-581-5664.
Regards, Tony
Patrick, MBA - Finance Geeks |
