Wednesday

Cheap & Easy: Great Dental Marketing Or #1 Match.com Search Term?

The perfect dental marketing is cheap (almost nothing) and easy (works with little thought put into it). Much like good, lasting and healthy relationships. What were the qualities of your perfect match?

Coincidentally, I read in USA Today recently that the most used search phrase on Match.com is "cheap and easy". There you have it - confirmation you need to stay in the zone of missed opportunities.

Wake up... Wake up! Back to reality dude.> Maybe Cheap and Easy; is neither great (or even good) dental marketing or words attributable to Match.com.

For example... I was in Las Vegas a couple years ago doing a dental marketing seminar. Near the end of my talk was a Q/A session. One of the first questions was a dentist asking, how much are postcards?

My answer today would have been... "Doctor, when the first question a patient asks is how much you charge, how much do you think they value dentistry or your expertise? If your marketing is based on price - you are most likely going to get little from the 'relationship'.

Your patients' relationship with their dental health will determine much of what they will accept and how they will comply to your recommendations. Effective dental marketing goes beyond clicks, impressions and conversions, it creates a connective relationship with your audience.

Unless dentists decide marketing is as vital as the dentistry they recommend and want to provide, very little will be communicated about the value of dentistry as compared to every other service or product consumers are confronted with.

Dentists need to STOP WAITING for patients to 'come around' and search them out -- of the blue. Otherwise, advertising of competing services, issues like dental fear and other 'delay and denial tendencies' will continue to diminish the consumer's dentist visit eagerness.

Once dentists find themselves behind the eight ball of ever-diminishing new patient numbers grasping for "cheap and easy" solutions fits the warped perspective they’ve created. This is similar to dental patients/consumers who have let their dental health go.

While $9,000 might seem like a lot to pay for 6 to 12 crowns or a few implants, coming in 5 or ten years earlier the cost might have been less than 1/10th that. Likewise, after dentists have survived without a comprehensive plan for many years, it is hard for them to upgrade even when they are confront with a dire situation.

Some day there will be DIY dentistry that consumers can download off the Internet, and they can bypass the professionals. What do dentists and consultants really know that I can’t figure out myself at 1/10th the cost?

Then again… Perhaps, both good dentistry and good marketing require something beyond cheap and easy to get "complete, lasting" results.

Something like… Being consistent about your communication and serious about its value in developing a successful, long term relationship with your dental patients. Rather than blow your entire dental marketing budget on a big burst of direct mail postcards or using them solely or any one BIG Online THINGIE, match up a few strategies to create an entire matrix of elements that will engage, remind and persuade.

I've seen a comprehensive strategy do wonders. It is not cheap. And yes, it can be complicated. When you can solve all the dental problems people have for less than most people expect and can explain and implement the solutions in 15 minutes or less, I will be right there with my cheap and easy solutions to every communication issue surrounding the delay and denial of dental care acceptance and compliance.

Back in the realm of reality, this is how dentists can improve their new patient situation. Start with a budget of 1 to 2% of gross practice revenues - then move towards 4% to 7% within 6 to 12 months. Dentists whose dental marketing has always been under the radar will need to prime the pump more significantly.

The Campaign Elements• Regularly send postcards or other direct mail
• Develop an external advertising element that is 24/7 or nearly
• Converse with your audience and patients in a familiar environment
> Use a medium that the consumer ‘welcomes’ into their lives like a newspaper, magazine or radio.
• Yes, be online - with a website and use search advertising
> Just don't expect the Web to have all the communication angles covered.
• Locate in many online spaces
> Add an online connection every so often.
*Just make sure your website is more than a postcard with a phone number. Because…

DENTAL WEBSITES ARE NOT ABOUT TRAFFIC!
This is the biggest farce of online dental marketing. Thousands of visits is an online mirage for most office websites. Patients are the goal. Converting is a term used by those focused on online advertising. Their 'conversions' are the tip of the iceberg - it is the beginning of new patient development.

Use the medium in the right way - not as if it is about what you, the dentist, or web developer like or expect. Dental postcards are simplified because they are not 'requested' by the consumer. Websites should be created for the patient looking for the right practice/solution/environment. Being succinct is something English Majors demand and what salespeople want because the sale (or the conversion) is their focus.

Dental Websites are for dental patients who have one major concern - their own - usually complicated with emotion and anxiety. That means deep, individualized content for the various 'patient profiles' who will often want/need significant value proof to move forward. Succinct, short and sales copy is pathetic at improving the likelihood DENTAL consumers will do any more treatment than what they self diagnosed and/or their dental insurance will cover - previous to their 'conversion'.

As to conversions - those web visitors are the 'emergency dental patients' of online marketing and every time another dentist weaves their way to the web - they are fewer of them per dentist, which produces a swirling vortex of diminishing (converting) returns. Slam bam succinct conversions - promoted by English Major anal retentiveness and Web Designer sparse copy for site speed and for the artistry to breathe - usurp the value the web affords - limitlessness to do everything necessary to get more people to be healthier.

Technical knowhow in these specialties is more about exactness in the aggregate - not about how individual people deal with dentistry. The rules of writing and web-knowlogy need to conform to the reality of the human condition when considering dental treatment.

If a 'call to action, phone number and a beautiful design were the solution, over 10 years of online dental marketing would have improved these statistics: National Dental Health and Even High Income Households are still sitting on the dental visit sidelines.

Extraction from this whirlpool of narrowness requires more than analytics and statistics. Successful relationships are developed by using multi-platform and multi-level communication experience. While every website should have a good dose of web geek sleek, salespeople slam bam and writer pride insight -- including mine -- avoid the trap that dental sites are like any other site - which they are NOT.

Dentists should develop their websites as if they are focused on one kind of patient/one person. NO ONE READS THE ENTIRE WEBSITE!

If I have fears about going to the dentist, I am focused on how you are going to make me COMFORTABLE and not cause me PAIN! Show me the comfort. Tell me the stories of how patients felt like they were floating on HUGE clouds of FLUFFY PAINLESSNESS.

Change is a Coming - Deal With It!

The super secret and totally guaranteed marketing solution has saved a few practices - but they lack reality, which does little to change the reality of the dental consumer. That 'reality' is covered with anxiety, misperceptions, mistrust and denial and fairytale flim-flam marketing is not likely to change things.

What I do takes more time to ramp up and will cost more than most dentists plan on spending. This approach might require postponing college for all but your favorite child or at least going without that iJet you want, which Apple is introducing in 2025. Then again, if you can find that easy and cheap solution to a bazillion patients, I will eat my Apple iJet once it is delivered.

Invest in your future to avoid missing the boat on the next stage of dental care awareness. Otherwise, consumers will continue to drop through the 'cancelled their dentist visit again' trapdoor and descend into the 'dental disease has caught up to them' dungeon.

To Conclude: Cheap & Easy… Time to Meet Dental RealityGoing cheap into the night and taking the easy way out to lunch has done very little for dental health in this country. Dentists taking the same path with their marketing foster a lack of understanding in the value proper dental care provides and the vital reasons for regularly visiting the dentist.

My recommendation to dentists: communicate with the same assertiveness, professionalism and comprehensiveness put into the dentistry you provide and want patients to accept. Any other emphasis or strategy lacks the power to change the dynamic that has created the situation you are in.

Article by Dick Chwalek
NicheDental.com

For more direct guidance…
CALL 866-453-1026 • Ext 251




Featured Strategic Marketing Partner

A Consistent and Scalable strategy sets EDM apart from other marketers
Dental Postcards, Mailers, Patient Newsletters, Keep In Touch Marketing

Dental Consultants Sponsor Minnesota Dentists Golf Tournament


Minneapolis District Dental Society
Golf Tourney
August 2

The Northern Dental Alliance is sponsoring the Minneapolis Society's Summer Golf Event at the Golden Valley, Minnesota Golf Club. We hope to see many dentists at the tourney.

The Minneapolis District Dental Society Golf Tournament is scheduled for Monday, August 2 at Golden Valley Golf Club in Golden Valley, Minnesota. The tournament will return to the Golden Valley Country Club at the request of several previous golfers.

The event will kicks off with lunch before a shotgun start of 1:00 p.m. This event is open to all Minnesota Dental Association members statewide. Enjoy an afternoon of great golfing and meet some knew friends.

Dental Society members planning the event expect lots of prizes to be given away and special events held throughout the day for all participants.

Get the date on your calendar, August 2, 2010 and join MDA member dentists and the Northern Dental Alliance for a ton of summertime golfing fun.

Our Members will have various prizes as well as information about our organization of consultants who work with dentists and in dentistry and for dental offices.

NDA Members Scheduled to Attend...

Northern Dental Alliance Golf Tourney Sponsors
Member Sponsoring Another Hole

Call 866-453-1026 ext 253

Tuesday

Successful Marketing Starts Understanding Relationships, Reality and Search Term Ranking

Cheap & Easy...
Gr8 Dental Marketing?
OR
#1 Match.com Search Phrase?
The perfect dental marketing is cheap (almost nothing) and easy (works with little thought put into it). Much like good, lasting and healthy relationships. What were the qualities of your perfect match?
Coincidentally, I read in USA Today recently that the most used search phrase on Match.com is "cheap and easy". There you have it - confirmation you need to stay in the zone of missed opportunities.
Wake up... Wake up! Back to reality dude.
> Maybe Cheap and Easy; is neither great (or even good) dental marketing or words attributable to Match.com.

For example... I was in Las Vegas a couple years ago doing a dental marketing seminar. Near the end of my talk was a Q/A session. One of the first questions was a dentist asking, how much are postcards?
My answer today would have been... "Doctor, when the first question a patient asks is how much you charge, how much do you think they value dentistry or your expertise? If your marketing is based on price - you are most likely going to get little from the relationship."
Your patients' relationship with their dental health will determine much of what they will accept and how they will comply to your recommendations. Effective dental marketing goes beyond clicks, impressions and conversions, it creates a connective relationship with your audience
Unless dentists decide marketing is as vital as the dentistry they recommend and want to provide, very little will be communicated about the value of dentistry as compared to every other service or product consumers are confronted with.
Dentists need to STOP WAITING for patients to 'come around' and search them out -- of the blue. Otherwise, advertising of competing services, issues like dental fear and other 'delay and denial tendencies' will continue to diminish the consumer's dentist visit eagerness.
Once dentists find themselves behind the eight ball of ever-diminishing new patient numbers grasping for "cheap and easy" solutions fits the warped perspective they’ve created. This is similar to dental patients/consumers who have let their dental health go.
While $9,000 might seem like a lot to pay for 6 to 12 crowns or a few implants, coming in 5 or ten years earlier the cost might have been less than 1/10th that. Likewise, after dentists have survived without a comprehensive plan for many years, it is hard for them to upgrade even when they are confront with a dire situation.
Some day there will be DIY dentistry that consumers can download off the Internet, and they can bypass the professionals. What do dentists and consultants really know that I can’t figure out myself at 1/10th the cost?
Then again… Perhaps, both good dentistry and good marketing require something beyond cheap and easy to get "complete, lasting" results.
Something like… Being consistent about your communication and serious about its value in developing a successful, long term relationship with your dental patients. Rather than blow your entire dental marketing budget on a big burst of direct mail postcards or using them solely or any one BIG Online THINGIE, match up a few strategies to create an entire matrix of elements that will engage, remind and persuade.
I've seen a comprehensive strategy do wonders. It is not cheap. And yes, it can be complicated. When you can solve all the dental problems people have for less than most people expect and can explain and implement the solutions in 15 minutes or less, I will be right there with my cheap and easy solutions to every communication issue surrounding the delay and denial of dental care acceptance and compliance.
Back in the realm of reality, this is how dentists can improve their new patient situation. Start with a budget of 1 to 2% of gross practice revenues - then move towards 4% to 7% within 6 to 12 months. Dentists whose dental marketing has always been under the radar will need to prime the pump more significantly.

The Campaign Elements

    • Regularly send dental postcards or other direct mail
    • Develop an external/outdoor advertising element that is 24/7 or nearly
    • Converse with your audience and patients in a familiar environment
    > Use a medium that the consumer ‘welcomes’ into their lives like a newspaper, magazine or radio.
    • Yes, be online - with your dental office website and use search advertising
    > Just don't expect the Web to have all the communication angles covered.
    • Locate in many online spaces
    > Add an online connection every so often.
    *Just make sure your website is more than a postcard with a phone number. Because…
DENTAL WEBSITES ARE NOT ABOUT TRAFFIC! This is the biggest farce of online dental marketing. Thousands of visits is an online mirage for most office websites. Patients are the goal. Converting is a term used by those focused on online advertising. Their 'conversions' are the tip of the iceberg - it is the beginning of new patient development.
Use the medium in the right way - not as if it is about what you, the dentist, or web developer like or expect. Dental postcards are simplified because they are not 'requested' by the consumer. Websites should be created for the patient looking for the right practice/solution/environment. Being succinct is something English Majors demand and what salespeople want because the sale (or the conversion) is their focus.
Dental Websites are for dental patients who have one major concern - their own - usually complicated with emotion and anxiety. That means deep, individualized content for the various 'patient profiles' who will often want/need significant value proof to move forward. Succinct, short and sales copy is pathetic at improving the likelihood DENTAL consumers will do any more treatment than what they self diagnosed and/or their dental insurance will cover - previous to their 'conversion'.
As to conversions - those web visitors are the 'emergency dental patients' of online marketing and every time another dentist weaves their way to the web - they are fewer of them per dentist, which produces a swirling vortex of diminishing (converting) returns. Slam bam succinct conversions - promoted by English Major anal retentiveness and Web Designer sparse copy for site speed and for the artistry to breathe - usurp the value the web affords - limitlessness to do everything necessary to get more people to be healthier.
Technical knowhow in these specialties is more about exactness in the aggregate - not about how individual people deal with dentistry. The rules of writing and web-knowlogy need to conform to the reality of the human condition when considering dental treatment.
If a 'call to action, phone number and a beautiful design were the solution, over 10 years of online dental marketing would have improved these statistics: National Dental Health and Even High Income Households are still sitting on the dental visit sidelines.
Extraction from this whirlpool of narrowness requires more than analytics and statistics. Successful relationships are developed by using multi-platform and multi-level communication experience. While every website should have a good dose of web geek sleek, salespeople slam bam and writer pride insight -- including mine -- avoid the trap that dental sites are like any other site - which they are NOT.
Dentists should develop their websites as if they are focused on one kind of patient/one person. NO ONE READS THE ENTIRE WEBSITE!
If I have fears about going to the dentist, I am focused on how you are going to make me COMFORTABLE and not cause me PAIN! Show me the comfort. Tell me the stories of how patients felt like they were floating on HUGE clouds of FLUFFY PAINLESSNESS.
Change is a Coming - Deal With It!
The super secret and totally guaranteed marketing solution has saved a few practices - but they lack reality, which does little to change the reality of the dental consumer. That 'reality' is covered with anxiety, misperceptions, mistrust and denial and fairytale flim-flam marketing is not likely to change things.
What I do takes more time to ramp up and will cost more than most dentists plan on spending. This approach might require postponing college for all but your favorite child or at least going without that iJet you want, which Apple is introducing in 2025. Then again, if you can find that easy and cheap solution to a bazillion patients, I will eat my Apple iJet once it is delivered.
Invest in your future to avoid missing the boat on the next stage of dental care awareness. Otherwise, consumers will continue to drop through the 'cancelled their dentist visit again' trapdoor and descend into the 'dental disease has caught up to them' dungeon.
To Conclude: Cheap & Easy… Time to Meet Dental Reality

Going cheap into the night and taking the easy way out to lunch has done very little for dental health in this country. Dentists taking the same path with their marketing foster a lack of understanding in the value proper dental care provides and the vital reasons for regularly visiting the dentist.
My recommendation to dentists: communicate with the same assertiveness, professionalism and comprehensiveness put into the dentistry you provide and want patients to accept. Any other emphasis or strategy lacks the power to change the dynamic that has created the situation you are in.
Article by Dick Chwalek
NicheDental.com
For more direct guidance…

CALL 866-453-1026 • Ext 251

Featured Strategic Marketing Partner

Sunday

The Best Dental Offices Provide a Comfortable Advanced, Convenient, Environment


Your All In One Place Dental Office Now Located in Main Line Today

Recently Dr. Briglia and his Total Confidence Dentistry team were featured in the Top Dentists issue of the Main Line Today. Review their profile and link to more information below...

Our Dentist Team includes...
Ron Briglia, DMD, Glenn Schreiber, DMD and John Nikas, DDS

-- The Main Line Today Dentists Profile as published...

TOTAL CONFIDENCE DENTISTRY
You'll find it all at Total Confidence Dentistry in a professional and relaxing setting! Dr. Ron Briglia has built a reputation for compassionate care and establishing patient trust. With over 25 years of experience and continuing education, Dr. Briglia exceeds patients' expectations. Certified in oral and IV sedation, he provides comfort to even the most fearful patients.

Dr. Briglia has teamed up with Dr. Glenn Schreiber, general dentist, practice limited to Endodontics (root canal); and Dr. John Nikas, a Board Certified Periodontist. Together, they provide patients with everything from basic care to advanced restorative and reconstructive dentistry.

Advanced dental care options are available in one convenient location. Patients with busy schedules can even choose to undergo multiple procedures in fewer appointments saving time and money.

Services include: implant supported dentures, crowns and bridges, pain-free root canals, periodontal surgical services as well as smile makeovers, porcelain veneers and whitening. Consider making an investment in yourself, your health and your smile!

Give your teeth and gums the exceptional care and attention they deserve by scheduling a consultation with our highly-trained professionals today. You won't find a friendlier environment than Total Confidence Dentistry and we look forward to meeting you!

Located here on MainlineToday.com and at 600 East Marshall Street Suite 201 West Chester, PA 19380

---------------

Dr. Ron Briglia and his team of dentists are ready to restore and enhance your smile. Request a Complimentary Restorative, Cosmetic or Sedation Dentistry Consultation using our on-line form or call (610) 692-4440.

----
Dick Chwalek is National Dental Marketing Consultant in Minnesota.

Monday

Connective Communication: Part 2 = Advanced Dental Marketing

> Effectively Divide & ‘Devine’ – Part II

The Marketing Ï€ Formula Connective Communication© creates a context and a filter (strategy) for separating complexity from simplicity. While there will always be dentists who will want to do it themselves with some portion of them being successful, the law of advertising development gravity is still in effect: the limits of time and marketing experience/awareness.



Time to accomplish all the tasks (which have not magically disappeared because of the web) and time to simply think about strategy is required. Additionally, the value of communication and dental marketing experience and expertise will always have value.


If, at one point in the distant future, machines sideline dental marketers and consultants, it most likely will correspond with the departure of human involvement in dentistry.

More importantly, the Connective Communication© strategy overcomes many of the obstacles faced by dental offices looking for patients and patients deciding to go to the dentist and pay any fees that are not covered by insurance. The most common question I get about dental marketing centers around this seemingly intractable issue.

The economy has impacted it in an obvious way, but in reality it was the good economy that covered up the ineffectiveness of promoting dentistry as most dentists do it. Of course, the biggest problem is that few dentists are promoting themselves.


In a recent survey, I developed for a dental laboratory (50 of their 100 or so dentists responded), over 90% of their dentist clients did no external marketing: insurance, team and patient referrals were often the top three choices. And, only a few those dentists (in the other ten percent) did something besides the yellow pages or a ‘website’.

What is the reason for this low rate of external advertising participation? It is a lack of understanding in the value of a well-rounded strategy, which is solved by the Connective Communication© equation. The added value is the formula’s ability to offer the dentist a way to structure their marketing plan without being overtaken by the marketing apparatus.

Trust is built in the value of doing more marketing and better communication because the dentist is in control and success is attained because they proceed with a complete plan. Rather than only implementing elements they like, have been promoted by their colleagues, overhyped online or oversold at seminars.

Without building trust and improving success potential for more dentists, marketers will always be fighting over the same group of dentists. The group consists of many sub groups: dentists looking for deals, dentists who want a guarantee or dentists who want to do most marketing by themselves. And finally, the biggest scuffle is over dentists who are jumping from marketer/consultant to another because nothing ‘works’ consistently.

Ironically, consistency works consistently. Flossing really good for one month and then waiting to ‘see what happens’ is a good analogy to the DIY or one big, next thing dental marketing bandwagon. When a patient has a broken tooth, flossing to repair it would be a less than perfect solution, but dentists often expect the Internet to do things it cannot like reach into homes and wake up the consumer. Something direct mail/dental postcards are able to do. “Nobody likes junk mail” – except when they need/want the services promoted.

Of course a proper strategy is required, which most dental marketers do not offer since it is easier to sell the ONE SIMPLE solution product, service or system. Selling one ‘simplistic’ idea to thousands of dentists provides the ‘multiples’ in profit generation bigger companies thrive on. What dentists get from usually is not in the same ‘profit’ league.

The compounded irony is that this paradigm also equates to the same scuffle dentists have over the stagnant group of patients they get from the same old sources: insurance, patient and team referrals. And if you haven’t noticed, those patient numbers are not growing very much.

Connective Communication© has the potential to transform the landscape of your dental office marketing. Everything else is merely nipping at the heals of the dental health dearth in participation in this country.

Sadly, overseas dentistry occurs in large amount due to people putting off dental treatment: ten years of no dentistry adds up. Therefore, it is very Cost of dental treatment becomes a large issue because inconsistent or too often nonexistent marketing did not bring in the dental consumers earlier.

Anyone that can travel overseas for their dental care had the money to do little things each year for the last ten that would have save them much more money, time and headache. Communication is everything – do it in slipshod manner with half pint marketing tactics and dentists get the same result consumers do with their half hearted dental care habits.

More about in future dental marketing consulting posts. Read the introduction here: Connective Communication©

Sincerely, Dick Chwalek – Dentist Communication Coach & Dental Marketing Consultant

CALL 1.888.380.0020, Talk to Oli to set up with consult with me.


Republished from NicheDental.com

Tuesday

Heritage Construction: MN Dental Offices Builder Case Study

builders_dental_smile_brooklyn_treatments_center_mnNorthern Dental Alliance member Heritage Construction Companies of Elk River builds and remodels dental offices throughout Minnesota and the region.

This case study covers three offices: two were expanded & remodeled and the other was new practice construction.

All three building projects involved the same client: Smile Center. The offices are located in Big Lake, St. Paul and Brooklyn Park.

Smile Center Location
  • Brooklyn Park, MN
  • Size: 10,000 sq. ft.
  • Competitive BID Project 
builders_dental_smile_center_mn

Project Details

A new sixteen chair dental facility built with high end architectural features. Heritage Construction developed and built the stone and stucco building incorporating high atriums and other design highlights in combination with an extremely user friendly layout for the dental practice.

The pre-construction phase of the building had some challenges due to its close proximity to Brooklyn Boulevard. In addition, a large concrete bridge pier as well as an entire building foundation were discovered during the first day of excavation.

Heritage devised solutions and continued with constructing the new building. The facility was completed as proposed and the dental group was very happy with the building process.

"The biggest thing that stands out about Heritage Construction is how professional they are as a company. Their honesty and follow through on all projects, no matter how big or small, and their attention to detail makes the construction process so much easier."
Joan Hauge - Smile Center

Smile Center Locations

  • Big Lake, St. Paul
  • Interior and Exterior Expansion
  • Parking Lots and Offices

Project Details

Heritage has partnered with Smile Centers several times to provide the building services they need – whether interior, exterior or both.

For the last two projects in Big Lake and St. Paul, Heritage has provided the assistance needed by the Smile Centers. In both locations, the facilities needed larger parking lots to accommodate patient needs for parking.

Heritage built and expanded the parking lots, including a double parking lot addition in Big Lake.
The St. Paul location also needed additional offices for staff needs. Heritage built out two new offices to match the current location and provided the additional space that was necessary.

REVIEW Other Dental Office Construction Projects Developed by Heritage.



Contact Heritage Construction today to learn how our team of professionals can efficiently customize your medical or dental office building project to suit your specific business requirements.
--------------------------------------------------------------

--------------------------------------------------------------


Posted by 

Dick Chwalek, NicheDental.com
Also a NDA member.

 Also Posted @ NorthernDentalAlliance.com

Also Posted @ NicheDental.com

Thursday

Recently Twittered: Your Brain Minus Teeth = Gray Matter Drained

> Twittered, Tweeted, Thoroughly Twacked

> Dick's Dental News Meanderings, Oral Health Diatribes

  1. Basically, Regular brushing-flossing-dentist visits will save more than just your teeth, it can save what matters most - the gray matter.
  1. Missing teeth & oral disease of any kind seems to increase mind altering misfires. So boost up dental health or let the dumbing down begin.
  1. Boston U researchers also found: More cavities usually meant lower cognition. People with no tooth loss tended to do better on their tests.
Tooth loss drains brains. Study shows more cognitive decline for each tooth lost. Should change the adage from 'Dress' to Brush for Success.Want to know more about how dental disease drains the brain of its cognitive powers? Link here - http://tinyurl.com/tooth-brain-loss

Dick Chwalek, Niche Dental

Follow nichedental on Twitter

Friday

Financial Planning for Dentists: The Science of Investing


> The EFA Investment Approach

Rick Epple, a Northern Dental Alliance Member, explains his approach to investing.

There is a science of investing. The body of knowledge for this science is often grouped under the heading Modern Portfolio Theory or MPT and it all began in 1959 with the publication of Harry Markowitz's classic book "Portfolio Selection."

Markowitz would go on to win the Nobel Prize in Economics for his groundbreaking insights. This work was expanded upon by Stanford's William Sharpe (another Nobel winner), Eugene Fama, Merton Miller, and many others.

While markets are complex adaptive systems too chaotic to allow for perfect prediction or control, we have learned much about how to control risk and capture returns. There is a science of investing, which I employ to guide the investment strategy of my dentist clients.

Unfortunately, much of what passes for investment activity has little connection to this science. Too many offerings are built on hope and fantasy and lack the theoretical foundations and necessary rigor for consistent results. It sometimes seems that this world of smoke and mirrors holds center stage in the media. To some degree, this comes from the natural human desire to "beat the system," to gain some special advantage, to find the secret short-cut.

Many advisors trade on these impulses and offer investment strategies that are long on hope and short on science. Our policy when it comes to investing is simple: no baby talk. If we don't believe a particular approach adds value, we won't offer or accommodate it. When we make recommendations it's because we believe there's a sound theoretical and practical foundation for success.

At the end of the day, success in investing is more about discipline than it is about beating the system by picking hot stocks or timing the market. We believe that markets work, so there's really nothing to "beat." Markets exist to set security prices such that the subsequent returns will be commensurate for the risks taken.

Over time and in the aggregate, markets do an excellent job of this. There's a collective wisdom that emerges from the buying and selling activities of all the market's participants that no single individual, no matter how intelligent or well educated, is likely to improve upon.

The question of whether or not individuals can consistently outperform the market has been addressed systematically again and again and the same answer is always returned: they cannot do so. And why should we ever think they could? The market, after all, represents the aggregation of each participant's insights and knowledge and is truly an example of two heads (or two million) being better than one.

All of this is not to say there aren't ways to add value short of active stock picking. There are unique sources of risk and return that can be identified and harnessed. There are disciplined approaches to rebalancing and cost control that can add value as well.

In the end, successful investing comes from knowing why you want to invest, accepting that there are no shortcuts, and engaging in a long-term, disciplined process that is guided by empirically-validated knowledge. This is our definition of "grounded wisdom" and this is what we offer.

This is the EFA Investment Approach.

Sincerely,

Rick Epple, CFP®, Senior Financial Advisor

Epple Financial Advisors, LLC
www.EppleFinancial.com
1000 Twelve Oaks Center Dr.
Suite 101
Wayzata, MN 55391

West Chester Dentist Team Makes More Possible: Conveniently, Comfortably...

Our Dentist Team...

Ron Briglia, DMD • General, Restorative, Cosmetic, Sedation Dentistry
Glenn Schreiber, DMD • Emphasizes Tooth Saving Root Canal Therapy
John Nikas, DDS • Periodontist with Advanced Dental Implant Training
Are you looking for high-quality comprehensive dental care? A Team of Experts in one state-of-the-art practice? Advanced Technologies for Cosmetic, Implant and Reconstructive Dentistry? You'll find it all at Total Confidence Dentistry in a professional and relaxing setting!

Dr. Ron Briglia has built a reputation for compassionate care and establishing patient trust. With over 25 years of experience and continuing education, Dr. Briglia exceeds patients' expectations. Certified in oral and IV sedation, he provides comfort to even the most fearful patients.

Dr. Briglia has teamed up with Dr. Glenn Schreiber, general dentist, practice limited to Endodontics (root canal); and Dr. John Nikas, a Board Certified Periodontist. Together, they provide patients with everything from basic care to advanced restorative and reconstructive dentistry.

Advanced care options are available in one convenient location. Patients with busy schedules can even choose to undergo multiple procedures in fewer appointments saving time and money. Services include: implant supported dentures, crowns and bridges, pain-free root canals, periodontal surgical services as well as smile makeovers, porcelain veneers and whitening.

Consider making an investment in yourself, your health and your smile! Give your teeth and gums the exceptional care and attention they deserve by scheduling a consultation with our highly trained professionals today.

Dr. Briglia and his team of dentists are ready to restore and enhance your smile.

Request a Complimentary Restorative, Cosmetic or Sedation Dentistry Consultation using our on-line form or CALL 866-607-4781.

600 East Marshall Street
Chester County Medical Building
Suite 201
Pennsylvania

Dental-Healthcare, Capitalist-Public Plans: The Perfect Eludes, Preconditions Delude

I have the perfect solution to close the gap in dental 'coverage' and make all kinds of health care accessible to every REAL American.

Simply put, realistic Americans need to step up to the plate with a complete solution stance rather than continue to hit foul balls of delusional confusion and make errors from lack of reasoned judgement.

We can't make progress when everyone has already decided what is off limits. Emotion in the mix is another reason anything close to perfection eludes us in this health care 'debate'.

As much as I like to argue, debating in its pure form is pure evil when it comes to making our country a better place to live - for more than just my family and those who are as 'lucky' as we are. Healthcare for all is NOT a 'debate' if you really want to solve the problem.

Remember the PRECONDITIONS concept that everyone jumped on our current president about while he was pursuing our nation's highest office? In reality, there is no other way to solve problems but to have only one concept on the table - a solution platform, which must exclude preconditions.

For example, how many preconditions do we all bring to any table?

My family would eat four different kinds of meals if each person's preconditions (food likes/dislikes) were required to be put in OR taken off the menu. Either, only four 'meals' would survive and we would eat them, again and again. Or each one of us would need to have our own pot to make a dish in.

Basically, by allowing our predilection for preconditions to enter in to the solution, the result (our dinner) is an astronomically convoluted and expensive pile of inanity.

Cost overruns and confounding stipulations are created because we are NOT looking for a solution. We are mostly debating with the devil of preconditions. The devil in the details comes from our preoccupation with preconditions, which unleashes each sides' propensity for political pontification.

We soak our brains with this reality protection and deflection lotion and then wonder why solving problems gets so complicated. Ironically, if we spent less time rubbing in our precondition conditioning agents of dull wittedness, we could even read and comprehend longer documents about health care legislation.

Conversely, real solutions would also help simplify - preconditions add layers to layers of layers.

Plus angry outbursts would be null and void because bombastic debate is not part of the real solution's organic structure.

While all forms of communication are allowed, the need for exaggerated and emotional expenditures are effectively eliminated by the only goal - a real solution. Loudly stalling for time disruptions mean less time for listening, which is very integral to solution discovery.

The BEST solution cannot be predetermined. That would only be possible if preconditioned knowledge of it was allowed in. Those types of solution stances are ineffective.

That kind of solution only works best for the individual person, family, PAC, corporation, union, denomination, group or party bringing it in -- it is not a solution for ALL real Americans.

As we proceed with our solution-to-discovering-the-world-of-better-health-and-dental-care, it makes sense to start with a flat - no horizon for hiding preconditions - earth approach to problem solving.

Okay, my flat earth analogy does not quite hit the mark. However, it does fit my (our) situation and my premise.
  1. Even I am wrong once in a while and my preconditioning towards groan inducing humor shows my lack of orderly world congruence.
  2. Our more perfect union eludes us because preconditions delude us into thinking being right (before the process starts) makes for the best solution outcome.
Therefore, we must avoid being caught in our own web of failings, and trust that with the help of ALL Real Americans - united in a goal for finding actual, authentic and real solutions - we will get to the best place possible. This means all of us: no matter our personal, religious or political persuasion, perturbations or imperfections.

Fear of uniting in the cause of solution discovery is holding u.s. all back. This includes those with bleeding hearts or bleeding gums. Americans who experience right brain or left brain 'ism' aneurysms and chronic abscesses. As well as those winged nut injured and the tree hugging, bark eating chipped toothed.

To Move Forward with a REAL American solution. First...
  • CHECK your baggage with the precondition agent.
  • Then show me you are ready: SMILE like you mean it!
Sadly, too many people can't even smile. This recent dental health care story out of Alabama got me to thinking about how we solve the oral and overall health problems in this country: fiscally, clinically and actually.

But of course, this is NOT a problem to worry about for those who HAVE dental and health care coverage (now)...

Especially since those (not really Americans) LACK coverage because they refuse to work hard enough to cover themselves with appropriate layers of over-leveraged preconditioned realities and proper dollar amassing for themselves habits.
Their health CREDIT has come due and their fiscal integrity is in DEFAULT, so what else should they expect -- except for u.s. to SWAP out their reason for living in this country where only monetary success card holders deserve life, liberty, and the pursuit of happiness.

Sorry for my diversion into diatribalism. Back to REAL American programming...

>> The following audio selection demonstrates a really effective solution process - achieved by a really effective REAL American. While I have a conflict of interest in making this determination (it is my father), the story he tells involves solving a problem of a well known car company - you probably have heard of - the company - not the problem. No, not Toyota, but they could learn something from him, too.

Engineer 'Saves' Willy's Jeep By Merely Communicating

Sincerely, Dick Chwalek
Dental Communication and Marketing Consultant