Getting Down to Business

Take advantage of Leslie Riggs free audit to assess where you might be overpaying in transaction fees. https://partners.propelrpay.com/leslie-riggs/ linkedin.com/in/lesliedriggs calendly.com/leslie-ocpaymentspro [email protected] Welcome back to the getting down to business podcast where we bring you expert tips insights and interviews designed to help you run a successful dental practice every step of the way. We are finishing up our chat with Leslie Riggs of Propelrpay, on the topic of merchant services. We’re going to get right into the episode, it’s a quick one as we wrap, but before we do If you’re new here and find value in the content smash that like button, click subscribe and the little bell icon for the YouTube Algorithm, oh and drop a comment if you’re overpaying on merchant services or just want to say Hi! All of our Socials X: https://x.com/HBGDental/status/1838433690906456286 IG: https://www.instagram.com/hbgdental2024/ FB: https://www.facebook.com/profile.php?id=61559260444333 Website: https://hindleyburgmaiergroup.com/ Castbox: https://castbox.fm/channel/id6077507?country=us RSS: https://media.rss.com/hindleyburgmaiergroup/feed.xml #dentalpracticeowner #merchantservices #creditcardfees #dentalpracticebroker #sellyourpractice #businessvaluation #business

What are merchant services? Leslie Riggs works with a company called Propelr, who are the founders of card connect, and she is going to explain what business owners need to know about the technology they use every day to process credit card payments. In a nutshell merchant services looks at HOW a business accepts payments. In the old days you could use cash or sometimes a check, but today in the modern age we have a much larger selection to pay for things, the most common being debit and credit cards. We are even seeing more people paying for things with crypto so there's all these different options available to customers to complete their purchase. In order for the business to accept that payment they pay a fee to utilize the service to charge the card. The process can be complicated, expensive and inefficient so what Leslie Riggs does is talk to business owners about how they can keep the cost down, make the process as efficient as possible, optimize the technology, and reduce things like error and frustration. After meeting with clients, Leslie will offer a free review of their processes to see how and where they're accepting payments and identify hidden costs and fees that can be eliminated. All of our Links X: https://x.com/HBGDental/status/1838433690906456286 IG: https://www.instagram.com/hbgdental2024/ FB: https://www.facebook.com/profile.php?id=61559260444333 Website: https://hindleyburgmaiergroup.com/ Castbox: https://castbox.fm/channel/id6077507?country=us

Wondering how to get started with financial planning as a dentist? Listen to this to learn now Want to learn how to have success in your dental career every step of the way? Buy this book and get the best tips on how to run your dental practice as the CEO. https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1 Iron Bridge Wealth Counsel: https://www.ironbridgewc.com/ Hindley Burgmaier Group: https://www.hindleyburgmaiergroup.com/ #dentist #practiceownership #financialplanning #financialeducation #taxplanning #investment #sellmydentalpractice

Get your copy of Getting Down to Business here: https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1

Get your copy of Getting Down to Business here: https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1

Welcome back to Getting Down to Business, the podcast dedicated to helping dentists effectively navigate their practice every step of the way. On the show today we have Rachel Robles our valuation analyst taking us on a deep dive into some common misconceptions around the topic of valuations. Whether your buying or selling a business knowing the fair market value is crucial to ensure you maximize your profit. Before we get started with that if you haven’t already, go ahead and smash the like button for the YouTube algorithm. And if you’ve watched 2 or more episodes of Getting Down to Business and aren’t subscribed yet, my question is WHY NOT?! Give that subscribe button a smash as well and let’s get down to business.

In this episode we are excited to have Eric Burgmaier, CPA, CVA, joining us to discuss the first year of dental practice ownership. Grab your copy of Getting Down to Business https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1 #DentalPractice #DentalAccounting #DentalTransitions #BuyDentalPractice #SellDentalPractice #DentalValuation #DentalFinance #DentalBusiness #DentistLife #DentalCPAs

Most dentists aren't taught how to run a business and are often reluctant to be the CFO/CEO of their practice. On this episode of Getting Down to Business we take a look five things a dentist will eventually experience during their career.

On this episode of Getting Down to Business, we are excited to welcome back Cheryl Burgmaier CPA, CFP® of Burgmaier & Associates. Cheryl shares her background of how she got into accounting and why the dental niche is her preferred target market.

On this special episode we examine the impact Covid-19 has made on the dental community, what changes have been implemented, and how dental practice sales have been affected. Book: Getting Down to Business: https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1

Order your copy of Getting Down to Business, by Norton Hindley: Amazon link: https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1 Watch on YouTube: https://youtu.be/C0L5Bv6HEUo#hindleyburgmaiergroup #sellmybusiness #dental #accounting #albuquerque #valuation

Getting Down to Business Amazon Link : https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1Watch on YouTube https://youtu.be/s-MFGmYvJbQ

In this episode we examine the scenarios where selling a dental practice would make sense for certain dentists. We look at the drawbacks of selling to a corporation and leave it up to the dentist to decide what's best. Having a team of experts is essential in helping guide you in making the right decision. The Hindley Burgmaier Group is here to assist you on your journey. Pick up a copy of Getting Down to Business, by Norton Hindley: https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1

In this episode the experts at Hindley Burgmaier Group, Kelly Yardman and Rachel Robles help prepare us for our upcoming case study episode.Before we interview a real life success story, with an actual dentist who purchased a practice we examine the important steps required to ensure a smooth transition.Be sure to visit our website https://www.hindleyburgmaiergroup.com and schedule a consultation if you are looking to buy or sell a dental practice.Be sure to like this video and subscribe to our channel as we upload content every week.Here are all our social links so be sure to leave us a comment and follow us for more great informative content:YouTube: https://www.youtube.com/channel/UC0qmAXwcbOI7BshnK2vigbQLinkedIn: https://www.linkedin.com/company/hbg-new-mexico/Amazon (Getting Down to Business book): https://www.amazon.com/gp/product/0982442203/ref=ewc_pr_img_1?smid=A3VJ7EVKWM8E88&psc=1X: https://twitter.com/HBGDental

On today's episode of Getting Down to Business, we have a special guest joining us. Michael Davis, DDS is a general practitioner in Santa Fe, New Mexico, as well as a celebrated writer of many articles pertaining to the dental industry. In this video we start discussing the implications of dental support organizations real estate sell off and how that affects the private practices acquired by them.LinkedIn article: "The Implications of Dental Support Organizations' Real Estate Sell Off by Michael Davis, DDS https://www.linkedin.com/pulse/implic... Contact Michael Davis, DDS @[email protected] Visit Smiles of Santa Fe https://www.smilesofsantafe.com/

In our tenth episode we take a look at an article that was published on how practice values are calculated. We learn that gross revenue alone is not what makes a practice high value, but rather profitability in addition to desirability/risk. When we do our valuation we look for the "true profit" of the practice which requires a lot of subtraction from the gross revenue reported on the tax return. Once we have the true profit of the practice we then can determine the "capitalization rate" which is the return a buyer can reasonably expect from the practice going down the road.

In this episode we invited Anthony Carrillo onto the show to talk about how he works with the Hindley Burgmaier Group.

Last week we discussed the valuation process for buyers and how Hindley Burgmaier Group performs one. This week we look at the buyer side of the valuation process, also known as a due diligence report.

On this episode of Getting Down to Business, Rachel Robles and Kelly Yardman answer questions about the process of how a valuation is performed for a dental practice.

In this first episode of Getting Down to Business, Eric Burgmaier breaks down one of the most important financial statements in a dentist/doctor's practice: The Income Statement.https://youtu.be/On81r527wZs

In this second episode Eric Burgmaier delves into the Cash Flow Statement and how it relates to the Income Statement.