436: Kevin Cumbus | 9,000,000 in Revenue and Still Not Profitable? Focus on These Metrics to Avoid The Red

This Episode is Sponsored by: Dandy | The Fully Digital, US-based Dental Lab
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For a completely FREE 3Shape Trios 3 scanner & $250 in lab credit click here: meetdandy.com/tdm !

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Guest: Kevin Cumbus

Business Name: Tusk Partners

Check out Kevin's Media:

Linkedin

Facebook

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Other Mentions and Links:

Heartland Dental

EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization

Eaglesoft

Excel

E*Trade

Bear Stearns

Affordable Dentures

Dr. Rick Workman

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Host: Michael Arias

‍Website: The Dental Marketer

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Join this podcast's Facebook Group: The Dental Marketer Society

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My Key Takeaways:

• You do not have to own multiple practices to be successful!
• Revenue is a secondary thought for buyers. Ultimately they want to see positive EBITDA and cashflow in your practice.
• Sometimes selling a negative EBITDA practice can help your portfolio in the long run!
• Using the newest tech to inform patients what is going on in their mouth can make treatment much more palatable.
• With worry about the upcoming economy state, if planning to sell in the next 12-18 months, selling sooner could be the right choice for your practice.
• It is possible to have millions in revenue and no profitability. Watch out for this when evaluating your practice!
  

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