Strategies for Success Library
PrintableArticles for Financial Planning - Debt Management
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Ensuring a Healthy Credit Profile in Ten Easy Steps
- By Jeff Connon
- Published 12/12/2007
- Financial Planning - Debt Management , Dentists
You’ve finally decided it’s time to purchase your own practice, and of course, you’ll need to secure practice acquisition financing. Let’s say you’re still in significant debt from your student loan, but the practice you want to purchase has a healthy cash flow. What kind of impact will your credit profile have on your ability to obtain an acquisition loan?
Building Your Practice Through Debt Consolidation
- By N/A
- Published 07/31/2007
- Financial Planning - Debt Management , Dentists
Financial institutions allow us to achieve our dreams like never before. If you’re like most practitioners, you probably took out your first loan to finance dental school. Years later you may have borrowed again to realize your dream of owning your own practice. And as your business and professional goals grew, you may have decided to finance the expansion of your practice.
Key Steps to Financial Success: Good Credit
- By N/A
- Published 07/2/2006
- Dentists , Financial Planning - Debt Management
Whether you’re buying your first house or opening your first practice, good credit is the key to all of your future financial investments.
Growing Profit Margins Through Increased Cash Flow
- By Henry Hemmen
- Published 07/2/2003
- Dentists , Financial Planning - Debt Management
The economy of dental practices in the United States has changed dramatically during the past 25 to 30 years. In the 1960’s, profit margins were typically nearly 55%. Today, profit margins have decreased for many to 40% and less. (Profit margin in this discussion includes the owner/doctor’s salary and/or profit). Sadly, this seems to be accepted as just one of those unfortunate happenings dentist-businesspersons must endure.