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So far Live Oak Bank has created 182 entries.

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 [...]

Maintaining Practice Value Series II

By |February 24th, 2014|

Step 2 to building and maintaining your dental practice value is designing your practice with longevity in mind. If you are building or remodeling your practice, create a floor plan and office design with intrinsic longevity so they will still be appropriate years from now when it’s time to sell. Use an open floor plan that ensures ease of traffic flow. Build in the capacity to expand services as needed with extra operatory, laboratory, equipment or storage space. Use furnishings that are classic in design and colors that are timeless. Consider incorporating environmentally friendly materials and systems that save energy and improve air quality, as these will positively impact the value of the practice. While poor practice design may not be a deal-breaker at the time of sale, a carefully thought-out floor plan and interior structure can add perceived value to the practice for the right buyer.

Click to read  Maintaining Practice Value Series.

Maintaining Practice Value Series I

By |February 14th, 2014|

It’s never too soon to start thinking about how to maintain your dental practice value for future sale, even if you’re just starting your first practice.  Despite all of your advanced planning, you may find yourself expanding to a larger location, opening a second practice, or ready to retire sooner than expected. The value that your practice holds at the time of sale could make the difference between a successful transition, and a challenging one.

Over the next month, we will share four key steps to building and maintaining practice value. First, start with location. Just as with your home purchase, a good portion of your practice value is based on “location, location, location.” If you are planning to build or purchase your practice, spend as much of your investment as you can afford to secure a premium practice location. Nothing speaks more to the quality of services your patients can expect than the location of your practice.

Look for a professional neighborhood [...]

Series: Advantages of Owning a Building I

By |February 12th, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. 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. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

1.) Historically Low Prices

Commercial properties for dental practices are far less expensive today than they were before the recession. In some areas, it may be ultimately less costly to purchase [...]

Construction Spotlight: Island Drug Pharmacy

By |February 7th, 2014|

Pharmacy Construction Spotlight

Island Drug owner, Aaron, had a vision of expanding his pharmacy to allow a better customer experience. His concept of having a northwest theme made the design process unique. The Live Oak Bank construction team helped Aaron fund this project and bring his Pharmacy vision to life.

Series: The Advantages of Owning Commercial Property II

By |February 4th, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. 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. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Favorable Financing Rates

The most significant cost of purchasing real estate is the mortgage interest rate. Today, rates for commercial real estate purchases continue to be at an all-time low, [...]

Physical Medicine Practice, Dr. Bill

By |February 3rd, 2014|

Medical Spotlight

Dr. Bill shares his experience about working with Live Oak Bank when starting his own physical medicine practice.

Series: The Advantages of Owning Commercial Property III

By |February 3rd, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. 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. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Equity Appreciation

As you build equity in your business real estate, it becomes an increasingly valuable asset that you can leverage to further grow your business without putting your practice [...]

Series: The Advantages of Owning Commercial Property IV

By |February 2nd, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. 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. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Cash Flow Opportunities

If you purchase commercial property that has space for tenants, you have opportunities for additional cash flow through rental income. You might use tenant income to help [...]

Series: The Advantages of Owning Commercial Property V

By |February 1st, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. 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. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Tax Advantages

Owning your practice allows you to depreciate your asset while writing off all of the mortgage interest paid during the year. In addition, you can enjoy the benefits of several [...]