Practice Owners

As an owner of one or more practices, you’ve likely acquired valuable business experience over the years either through “the school of hard knocks” and some expensive mistakes, or with the help of colleagues and practice coaches. Either way, you feel established and continue to work hard trying to manage and juggle a number of areas – the practice(s), family/personal lifestyle and your future retirement.

You may have built relationships with multiple advisors over the years. However, if these advisors don’t communicate with one another, or are following an agenda designed for their own benefit, your big picture plan will be fragmented. If that’s the case, you may be unaware that you are leaving money on the table.

At TMFD Financial, we work as a team to connect the dots, so that your big picture plan is cohesive and geared towards your success. We focus on growing your Net Worth, the bottom line on the scorecard that defines your success. This is done by reviewing and co-ordinating your:

  1. Practice Cash Flow

  2. Tax Reduction Strategies

  3. Practice Productivity

  4. Family Lifestyle Needs

  5. Retirement Target

We’re in a very unique position to see a wide range of practices in every phase of maturity enjoying varying degrees of success. We are therefore exceptionally qualified to plan and implement the strategies needed to help you run a successful practice, simplify your life and build your net worth.

Some common, but not limited, subject areas where we can help you reach your goals include:

  1. Tax & Financial Planning

  2. Practice Cash Flow Management

  3. Reducing Overheads/Improving Practice Efficiency

  4. Practice benchmarking

  5. Estate planning and insurance

  6. Consolidation of bookkeeping services

  7. Setting retirement need targets in place

  8. Reviewing investments and savings plans

We invite you to contact us today for a complimentary initial consultation.

A person consulting with a dentist about dental health, with dental models, a stethoscope, and a laptop on the desk.

Complimentary Practice Purchase Assessment

If you’re in the process of acquiring a dental practice, our Practice Purchase Assessment will provide you with the clarity and confidence you need to make the right decision. Our in-depth analysis includes:

  • Cash flow projections

  • Loan repayment assessments

  • Identifying strengths and areas of concern

No matter where you are in your dental career, TMFD Financial is here to provide expert guidance on the complexities of practice ownership and acquisition.

Complimentary Practice Valuation & Financial Review

For existing practice owners, we’re excited to offer a complimentary practice assessment and financial review. This free consultation provides valuable insights into your practice’s financial health, including:

  • Highlighting Your Financial Health

  • Identifying Overspending and Excellence

  • Revealing Opportunities for Improvement

  • Valuing Your Practice

*The valuation is an estimate.

An elderly man with white hair and beard wearing blue scrubs working on a laptop at a white table in a bright room with large windows and green plants.