Wesley Orthodontics

Just wanted to let you know how much your lecture was appreciated last night. The member turnout was outstanding and the response was phenomenal. I had several members come to me at the end of the night thanking me for having such an informative and entertaining speakers. It made for a very successful night. Thank you again and we are looking forward to the February meeting.

Rob, Thumb District Dental Society – President

Spillane and Reynolds

We would like to thank Rockford Construction and your team of Ann Zimmer, Project Manager, and Bill Meconis, Superintendent, for their hard work and dedication in the remodel of our office in Novi, Michigan.

Your team accomplished our project goals with minimal disruption to our daily operations. Our project was managed professionally and on schedule, while maintaining our budget. We now have a fresh new look that is important to our work environment and the comfort of our patients.

We highly recommend Rockford Construction to other dental professionals or other companies who are considering remodeling or new construction.

We have established a great relationship with your team and look forward to future opportunities as our practice grows.

– James Reynolds, DDS, MS

Northway Family Dentistry

It is with great confidence that I put forward this recommendation of Rockford Construction and the project manager, Curt Lautenbach. Our organization worked with Rockford Construction and The Prosperity Partners on a recent project to renovate our Grandville dental office.

What you can expect from this organization is a complete process with open communication and a project that came in on schedule. They are a builder to be relied upon from the start of a project through the punch out. It is evident they are committed to quality in addition to understanding the importance of a cohesive design making them a good partner in arriving at solutions and goals of a project.

– Thomas F. Northway, DDS

Daniel J. Roberts, DDS

The Rockford Construction team did a great job on the addition of a conference room and remodel of my office. I am nothing but pleased with the results. With minimal distraction to my practice, I was able to continue with business as usual.

I look forward to future projects with Rockford.

– Daniel J. Roberts, DDS

Heritage Dental

It was great having the advice and coaching from Todd as I negotiated my lease renewal. When it comes to real estate and construction that group sure knows their stuff.

I would be more than happy to give you and Prosperity Partners a recommendation to anyone that is thinking about using your services, or to help out in any way I can. Thanks again.

– Matthew Lieto, DMD

Bryan Brassington, DDS

Just a quick note to let you know that the lease is signed and to thank you for all of your help. I couldn’t have done it without your expertise. It’s been great working with you!

– Bryan Brassington, DDS

Rivertown Dental Excellence

It would be impossible to relate the excellent care we had recently with the build-out of our new dental office in Grandville. Mike, Ann, and especially Joe from Rockford Construction went above and beyond to make this experience and transition an easy one.

To be honest, I went into this project expecting the usual delays associated with contractors. I planned for an opening date that I wasn’t sure I would see, and Rockford Construction did all they could to meet and exceed the needs to get us up-and-running by that date. They came to me if they needed an answer, and otherwise they went about their business and didn’t come to me unnecessarily. That is something that can only be truly appreciated by people who are very busy, and I am certain they conduct business the same way, across the board, with every client every time.

We are now looking ahead to our next project with them, and we fully expect we will see the same awesome relationship we had on this last one.

– Lori Brubaker, CDA, BS, MBA – Director of Operations, Infinity Dental Partners

LLC’s – The Basics

  • Do you need an operating agreement?
  • What would an operating agreement contain?
  • What is an LLC “membership interest”?
  • Can a member transfer its membership interest?
  • What does the recipient of a transferred interest receive?
  • How does the recipient become an LLC member?
  • What’s the difference between a manager-managed LLC and a member managed LLC?
  • Do members have any fiduciary duties?
  • What voting rights do members have?
  • What decisions do the members make?
  • How do members make decisions?
  • Must the LLC hold meetings or send reports?
  • The LLC Liability Shield
  • LLC Tax Matters
  • Other LLC Business Matters
  • Dental Practice Corporations and LLCs:  Do they really protect you from liability?

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Embezzlement in the Dental Office

40% of Dental Offices experience embezzlement.
Learn the signs of embezzlement and techniques to avoid it.

Are YOU in the Perfect Storm?

  • Downsizing often puts financial operations in the hands of one person, with little direct oversight, or oversight by someone with span of control issues
  • Well-designed internal controls are sacrificed for “efficiency” and cost savings
  • Economic stresses at home have an impact on “trusted” employees
  • Temptation + increased opportunity x greater need + ability to rationalize = ?????

Employee Dishonesty – Reported in 35 – 40% of all dental practices

2012 Fraud Statistics

  • More than 50% of all fraud schemes involve corruption and billing schemes
  • The typical organization loses 5% of its revenues to fraud EACH YEAR!
  • Annual fraud losses are estimated at 3.5 TRILLION DOLLARS!

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What’s New with Office Technology & Trouble Free IT Solutions

Learn about the most current technology in……

Computer Hardware

  • The importance of selecting the right grade of equipment

Cloud Computing

  • What is Cloud Computing and where is it going
  • Advantages & Disadvantages of Cloud Based Software
  • Remote Monitoring Alerting & Assistance
    • A Cloud based network monitoring software program
    • It monitors all computer and network equipment from a remote location

Advanced Local & Offsite Combined Software Backup Solutions

  • Monitored
  • Encrypted
  • Data is backed up “duplicated” to local USB drive for fast recovery
  • Offsite for security and peace of mind

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Practice Performance

Maintaining your competitive edge in the dental field is crucial.  So how do you make sure your management systems are up to par, while maintaining your focus on providing a quality service to each of your patients?  Assistance is provided in:

  • Business Office Systems
  • Accounts Receivable Management
  • Human Resources Consulting
  • Marketing Plan Development and Promotion
  • Office Layout and Design
  • Expansion of Practice Operations
  • Overhead Expense Analysis
  • Compensation and Income Distribution
  • Financial Benchmarking
  • Governmental / MIOSHA Compliance
  • Evaluation and Negotiation of Contracts
  • Office Automation Assessment
  • Appointment Scheduling Review

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A Roadmap to Transitioning a Dental Practice

The steps required for transitioning a Dental Practice and succession planning.

Knowledge and experience are essential to facilitate a fair valuation.  This course includes:

  • Sale of the Entire Practice
  • Buy-In’s of New Shareholder Dentists
  • Dissolving Partnerships
  • Combining Dental Practices
  • Acquisitions by Other Organizations
  • Settling Legal Claims, Including Divorce Claims
  • Retirement / Financial / Estate Planning

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Understanding Lease Terms, Negotiations and Incredible Opportunities

Locating, Leases & Negotiating, Designing & Constructing will educate attendees on what they need to know on securing space for their dental practice.

Attendees will leave with a thorough understanding of all aspects of the lease process including finding the right location, lease terms and negotiating the lease, designing and finishing the dental suite, financing improvement and equipment needs.

Learning objectives include:

  • The single most important document, the Lease
  • Lease terms
  • Negotiating the Lease
  • Net v. Gross Lease
  • Rentable v. Useable space measurements
  • Expense stops
  • Construction differences between previously finished and unfinished spaces
  • Designing the suite
  • Various Relationships with Professionals in the Process & Creating Your Team
    • Landlord
    • Realtor
    • Dental Suite Designer
    • Architect
    • Contractor
    • Lender
  • Site Selection
  • Demographics
  • Financing Improvements
  • Financing Equipment & Other Needs

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Building Your Agenda

Build Your Agenda programs are value packed with attendees gaining knowledge on multiple topics with the convenience of being at the same place at the same time.

The Prosperity Partners Coaches will white board an agenda based on topics and areas of interest from the audience, organize an agenda, and then work though it step by step.

These programs are highly interactive and typically last 3 to 4 hours.

Topics include:

  • Financing
  • Reducing Liability with proper use of LLC’s and the magic language that needs to be in a lease between a real estate LLC and the practice.
  • Developing an accurate project budget.
  • If your landlord gets in trouble with the bank and you continue to pay rent are you ok? (SNDAs)
  • What type of relationship should you be building your building or space in (Design/Build, General Contractor, Construction Management, Owner’s Rep)?
  • Key Financial Benchmarks to Stay on Top of.
  • What Value Engineering should mean.
  • LEED and Green concepts and what makes sense for you?
  • Partnership and associate agreements.
  • Employee v. Independent Contractor and what happens if you get it wrong?
  • How owning your own building can create more wealth than the practice upon retirement.
  • Getting to Know Leases

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Developing an Accurate & Inclusive Project Budget for Your Building Project or Lease Space

Preplanning your project and preventing any missed costs.  The steps required in building your professional building including real estate, financing, preconstruction, construction and understanding total project costs.

Attendees will leave with a thorough understanding of all aspects of what is required to pull together their own project as well as understand the economic benefits derived from it.

Learning Objectives Include:

  • Determining the Size of the Building
  • Various Relationships with the Professionals in the Process & Creating Your Team
      -Including: Contractor, Architect, Engineer, Dental Suite Designer, Developer, Realtor, Lender, and the Property Manager
  • Site Selection
  • Demographics
  • Site Plan Approval Process
  • Developing the Project Cost
  • Determining Rent
  • Project Feasibility
  • Financing the Project
  • Design Considerations
  • LEED & Green Considerations
  • Value Engineering
  • Retro Fitting Existing Space

 

The Course begins with fielding topics from the attendees regarding their goals and objectives for attending the Course and creating a working list of topics, in addition to the above, that the Coaches will make sure are covered.

The Course concludes with a review of the goals and objectives and a Question & Answer session. After the Course there will be networking over cocktails.
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Capitalizing on Opportunities in a Down Market

  • Interest rates are at an all-time low.  How and when to take advantage of this historical opportunity.
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Download our Capitalizing on Opportunities in a Down Market info sheet

 

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Cost Segregation

  • DEPRECIATION ON STERIODS.  Capturing accelerated depreciation to reduce your taxes.

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Download our Cost Seregation info sheet

 

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Bradley D. Towle

“I have referred doctors who need assistance with their leases or building projects to Todd for many years now. Todd and his group always deliver a high degree of performance and professionalism and continue to be a valuable resource I enjoy utilizing.

If one has needs associated with real estate or construction I highly recommend Todd and his group of professionals.”

-Bradley D. Towle, Genesis Capital Advisors

Mark Brieden DDS

“As an owner of my own professional building and having benefited from Todd’s coaching over the years, I highly recommend this program for anyone who wishes to own their own facility. Todd and his coaches are seasoned pros.”

– Mark Brieden DDS, MS