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The Dental Wealth Nation Show is for practice owners building toward—or navigating through—the most consequential financial event of their career: the exit.
Host Tim McNeely operates a Virtual Family Office serving dental entrepreneurs with $5M–$25M in net worth. He holds the rare combination of CFP®, CIMA®, CEPA®, and CPFA® designations—a credential stack bridging comprehensive wealth management with specialized exit planning. His clients don't need another advisor. They need a financial quarterback coordinating the advisors they already have.
Each episode unpacks the coordination failures that cost practice owners millions: mistimed exits, fragmented tax strategies, wealth structures that don't survive the transition from practice income to portfolio income. You'll hear direct conversations with elite tax counsel, M&A specialists, and practice owners who've already made the crossing.
Subscribe and visit dentalwealthnation.com for resources.
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Tuesday Nov 02, 2021
Tuesday Nov 02, 2021
🎙️ Exciting news! In our latest episode of Dental Wealth Nation, we had the pleasure of speaking with Vincent Cardillo, an experienced dental entrepreneur who went from being a sole practitioner to owning multiple dental support organizations (DSOs). Here are three key takeaways from our conversation:
1️⃣ Capturing the culture and organizational structure at one location makes it easier to expand to other locations. By establishing clear values, mission, and purpose and incentivizing them, you can align your team and create a strong foundation for growth.
2️⃣ Having a robust administrative team focused on operational aspects, such as tracking key performance indicators (KPIs), understanding profit and loss statements (PNL), and implementing marketing campaigns, is crucial for the success of a DSO. Building an infrastructure that supports the practices' financial health and growth is key.
3️⃣ Dentistry is a people practice, and success comes from serving as many people as possible. While DSOs may have more marketing dollars, single doctors have the opportunity to provide the same benefits, albeit at a cost. It's important not to get caught up in the fear surrounding DSOs but instead invest in oneself and consider owning one or two practices.
Tune in to our latest episode to hear Vincent Cardillo's fascinating journey from sole practitioner to DSO owner and gain insights into the world of dental entrepreneurship. Don't forget to subscribe to Dental Wealth Nation for more valuable episodes and interviews. Remember, a healthy smile starts with a healthy business! 🦷💰💼 #DentalWealthNation #DSO #DentistryEntrepreneurship #PodcastEpisodeNowLive
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