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So far Live Oak Bank has created 171 entries.

Building a Foundation for Growth

By |April 23rd, 2014|

Owning your dental business property, along with your practice, has the unique advantage of laying a broader foundation for future growth. The three most significant advantages to owning your business real estate are:

Control.  When you own the business property as well as the practice, you have complete control to develop, operate and modify the building to your needs as the practice evolves, and as zoning regulations allow.  You are no longer at the mercy of your landlord’s guidelines for space modifications, and can adapt your building infrastructure to accommodate future developments in dental technology.  This gives you maximum flexibility to build the practice you want with the building and equipment enhancements you need.

Stability.  When you own your own property, whether a home or a business, you enjoy greater long-term stability in the costs associated with the property. You can more easily project the annual costs for your practice investment according to your mortgage contract, insurance and estimated property tax, [...]

Dental Customer Construction Spotlight: Dr. Allison

By |April 18th, 2014|

Dental Customer Spotlight

Dr. Allison shares her experience with Live Oak Bank and how she prepared for building and marketing her dream pediatric dental practice.

When To Choose a Lease

By |April 15th, 2014|

For new dental practitioners who are uncertain of future space needs and want to ensure maximum cash flow as they grow their business, leasing may be a wise option.  In general, it’s far less costly up front to lease commercial space compared to a real estate investment, making leasing a better choice for those who lack equity as only one to two months lease value is typically required as a security deposit on a leased space.   A lease arrangement can also free up cash that can help fund the growth of your practice through equipment purchases or marketing.  In addition, practitioners with lease arrangements will not be tied to the responsibilities of property ownership, such as onsite maintenance and tenant rentals, and can focus more fully on their practice and patients.

However, there are also significant disadvantages to leasing that need to be carefully considered. Most importantly, with a lease arrangement you are not investing in your own future.  You [...]

Commercial Real Estate: Overcoming Your Fear of Ownership

By |April 8th, 2014|

The severe drop in property values that accompanied the Great Recession has caused many small business owners to be skeptical of commercial real estate investment. They have lost faith in the adage that property values tend to increase over the long haul, shying away from real estate purchases in favor of lease arrangements that insulate them from the unpredictability of the market.  Yet there has never been a better time to purchase the business property on which your dental practice resides.  The significant opportunities available to small business owners through investment in commercial real estate warrants a second look at the pros and cons of leasing versus purchasing your office space.

Dental Customer Spotlight: Sultan & Dr. Mehjabeen

By |March 25th, 2014|

Dental Customer Spotlight

Sultan and Dr. Mehjabeen share their experience about working with Live Oak Bank.

Dental Customer Spotlight: Dr. Shawn – California

By |March 21st, 2014|

Dental Customer Spotlight

Dr. Shawn shares his experience about working with Live Oak Bank.

Abundant Opportunities To Own Business Property

By |March 18th, 2014|

Should You Jump In?

If you’ve ever thought of owning the property underlying your dental practice, now is the time.  The commercial real estate market has stabilized over the past few years and there is an abundance of exceptional properties available for purchase.  With relatively stagnant sales during the Great Recession, it is now truly a buyer’s market with commercial real estate prices lower than they have been in decades – down 30% from the national peak* before the crash in 2008.  In addition, properties are available in prime locations.  Small business owners are starting to invest in premium retail properties for their private enterprises.

Many commercial real estate owners are also realizing a cost savings in building out their properties.  The competition among builders for CRE construction jobs has driven costs down, with some builders significantly cutting their margins in order to maintain payrolls.  Dental office designers and architects are also trimming costs as they compete for fewer projects. As [...]

Maintaining Practice Value Series IV

By |March 10th, 2014|

Finally, and perhaps most importantly, the last step to building and maintaining practice value is maintaining positive cash flow. Nothing will sink your practice value faster than poor cash flow. Cash flow can be defined as total monthly income minus the total cost of operating expenses. A practice with cash flow equaling 40% or more of total income has flexibility to hire new associates, purchase new equipment, and ride out market fluctuations. But practices with cash flow of about 25% of total income may be struggling to meet monthly payments and lack the flexibility to take advantage of new opportunities. Costly salaries, rent, and debt are the biggest contributors to poor cash flow. If your debt is over three years old, consider taking advantage of today’s lower interest rates and refinancing or consolidating debt to improve your cash flow.

Click to read  Maintaining Practice Value Series.

Winning Strategies for Effective Inventory Control

By |March 6th, 2014|

Winning Strategies for Effective Inventory Control

Presented by: Karen Osborne, CPA, MBA
Lacher McDonald & Co., CPA’s
Courtesy of: Live Oak Bank

Maintaining Practice Value Series III

By |March 3rd, 2014|

Step 3 to building and maintaining your dental practice value is creating a technology investment plan. Keeping your practice equipment and technology up-to-date is critical to the future value of your business – but more importantly, it’s imperative to the comfort and well-being of your patients. Advanced technology usually means more and better options for patients. When you can deliver better options, your patients have a strong incentive to keep coming back.

Consumers today are savvy shoppers and understand what current “best practices” are. With social websites that encourage the sharing of personal ratings of business services, they may have instant input on what’s available from your competition. If you are not staying current with the latest offerings such as laser injections and teeth alignment services, your practice may lose not only some of its equity value, but its stable patient base as well.

Regularly investing in new advancements in dental equipment is an important means of remaining competitive while meeting your patients’ needs [...]