"General dentists aren't often trained to run businesses, yet most end up having to do so. This increases their stress and decreases their lifetime return on investment in their practice."
Dallas, TX (PRWEB) May 10, 2010
Bold Ventures, a diversified holding company created by former Geniant founders David Lancashire and Stephen Andrews, today announced that it had launched a new services company for the dental industry. The company, Dental Wealth Partners, will offer an integrated suite of business services to dental practices. The company intends to address the fundamental issue facing dentists – not having enough training on the business aspects of the practice which leads to stress, burnout, and lower profitability.
“General dentists aren’t often trained to run businesses,” said Dave Swift the new company’s CEO “yet most end-up having to do so,” he continued. “Dental Wealth Partners helps dentists create more profitable, better engineered, and less stressful dental practices. This is achieved by blending proven dental business methods with best practices from outside dentistry.”
Dental Wealth Partners’ results-oriented, long-term partnering approach makes the company a natural choice for dentists at any stage of their career who want an ongoing return on their investment. “Dental practice management consulting historically has been project based,” commented Mr. Swift. “Consultants often train an office on particular aspects of the business of dentistry and then move on. Without ongoing measurement and reinforcement, over time practices typically lose any benefits gained,” he continued.
The Dental Wealth Partners’ vision is to provide dental practices with a single point of contact for the coordination and delivery of a full suite of services that includes:
- Practice Management Consulting Services
- Business Assessment/Recommendations
- Business enhancement projects
- Business systems
- Business monitoring/priority setting
- Marketing Consulting & Implementation
- Strategic Marketing Planning
- Pricing Strategy
- Services Strategy
- Advertising/Promotion Strategy
- Marketing Tactics/Implementation
- External/Internal/Acquisition/Retention programs
- Financial Services
- Equipment/Practice Financing Consulting
- Practice Transition Representation – Evaluation/Valuation/Transaction
- Bookkeeping/Accounting/Payroll Services
- Tenant Representation – New Leases and Renewals
- HR Services
- New Employee Interviewing Skills
About Bold Ventures
Bold Ventures is a diversified holding company that invests time, capital and know-how in outstanding management teams in Healthcare, Financial Services, and Internet Property Management businesses. Unlike traditional Venture Capital firms that fund business plans brought in by other companies, Bold Ventures develops a vision and strategy for specific market sectors and works with highly skilled management teams to execute on that vision.
The Bold Ventures founders have extensive experience in developing and growing a variety of businesses. They have demonstrated that they can identify a company’s best options for growth and can develop strong teams to ensure implementation. As founders of Geniant, a professional services company in the technology sector, the team was able to return 181 times the invested capital to shareholders. This was achieved by taking the company from start-up in late 1998 through to a cash sale to EMC (NYSE:EMC) in 2007.
About Dental Wealth Partners
Dental Wealth Partners enhances the quality of life for dentists. The company creates more profitable, better engineered, and less stressful dental practices by blending proven dental business methods with best practices outside dentistry. A results-oriented, long-term partnering approach makes Dental Wealth Partners the natural choice for dentists at any stage of their career. The company’s integrated suite of services includes strategic planning, practice management, marketing strategy and programs, IT, financial and HR services.
PR contact: news(at)dentalwealthpartners(dot)com or call 214-924-8817