Is Your Business
Batting A Thousand?
Download A Free
Copy Of Our Dental
E-book Today!
Having worked with hundreds
of dentists, the Bright Dental
CPAs at Rea & Associates
have a keen understanding of
the challenges dentists – new
and seasoned – face as they
seek to establish and manage
their own dental practice.
This team used their knowledge
to develop a new e-book,
The Business Side Of
Dentistry: Tips And Tools
For New Dentists, that covers:
The balance between being a
dentist and a business owner
The need for good business
advisors
The process and considerations
of purchasing a dental practice
The transition to becoming a
dental practice owner
Challenges and best practices of
opening a new practice – straight
from two practice owners
Download your free copy at
www.brightdentalcpas.com/ebook,
or share this link with a dentist
(or an aspiring dentist) who
would benefit from this
information.
2
A
WHY YOU NEED A
BANKER ON YOUR TEAM
lot has changed since the first time I
sat behind my desk at Rea & Associates
in 1979. Technology has advanced
in ways that no one could have imagined
or predicted. Our nation endured – and
survived – The Great Recession. And someone
somewhere decided that Pluto isn’t a planet
anymore (and I just became a grandpa!).
But with all these changes going on, one
thing has remained the same: to be
successful in business, you can’t go it alone.
You never know when you will need a
sounding board, some insightful guidance
or even someone to go to bat for you, but if
you are looking to hit a home run, you need
to make sure your team is stacked with
advisors you trust – and be sure to make
room on your roster for a banker.
By Dave Cain, CPA,
principal (Dublin office)
develop a relationship with your banker,
not only do they get the chance to know
you better, they get broader insight into
your company and the objectives that
drive your business. Yes, your cash flow,
collateral and financial statements are important, but so is your character. If your
banker knows you, likes you and trusts
you – and knows, understands and believes in your business – you could be
more likely to secure the financing you
need when you need it.
• You and your business are often top-ofmind. When you have a strategic banking
relationship, you’re more likely to get a
call when a great opportunity arises. Your
banker has greater insight into your shortand long-term strategies and will be able
to alert you when a low-interest loan program lands on their desk. Additionally,
As a business owner, it’s easy to get caught
they are in a great position to recommend
up in the daily responsibilities of managing
your business to other clients and profesoperations, customer needs and stakeholdsional acquaintances.
er interests. If your banker is just watching from the bleachers, you are missing If you talk to your cousin’s neighbor’s dogout on a great opportunity to improve yo \