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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.
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Episodes
Thursday Nov 30, 2023
Thursday Nov 30, 2023
Welcome to The Dental Wealth Nation Show with your host, Tim McNeely! In this episode titled "Healers vs. Stealers: Protecting Yourself from Employee Theft in Dentistry," Tim McNeely is joined by expert guest David Harris to delve into the critical topic of safeguarding dental practices against employee theft.
Throughout the episode, Tim and David Harris tackle the emotional and financial impact of embezzlement in dentistry, providing valuable insights for dentists. They discuss the prevalence of embezzlement, debunk common misconceptions, and highlight the signs and behavioral indicators of potential embezzlement.
Additionally, they emphasize the importance of proactive measures to prevent and combat theft in dental practices, including the role of trusting but verifying, pre-employment screening, and good financial oversight.
David Harris shares real-life experiences, offering a deep understanding of the motivations behind employee theft and advice on protecting dental practices from financial losses. The episode also delves into the role of dentists in overseeing financial activities, with a focus on the transition from manual systems to practice management software and the importance of monthly reporting and articulation.
Listeners can gain valuable knowledge from David Harris's expertise as he provides practical and actionable advice for protecting dental practices from theft. From debunking myths about embezzlement to emphasizing the need for prevention over cure, this episode equips dentists with essential insights into safeguarding their practices and hard-earned assets.
Tune in to The Dental Wealth Nation Show with Tim McNeely and guest David Harris as they provide invaluable guidance on protecting dental practices from employee theft, empowering dentists to navigate the complexities of wealth management in dentistry.
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