July 12, 2018

Thinking of Buying a Dental Practice? Why the Bank Won’t Loan You The Money

Many entrepreneurs need funding to start a business or grow their business and these folks often turn to banks for financing. Many times, however, the bank will reject your application. Yes, completing a loan application for your company is just one step in the process of acquiring money for a dental practice. However, actually securing the financing may take more work than you realize.
July 2, 2018

CFP®Justin Goodbread Earns Certified Value Growth Advisor Certification

At WealthSource, we strive to ensure you walk a financially simple path, and one of the ways we do that is through earning certifications. We are proud to announce that another badge of honor has been bestowed upon Justin Goodbread. He has now added the title of Certified Value Growth Advisor to his list of professional credentials.
June 28, 2018

Google is not a Financial Advisor… Work with a Professional!

Have you ever thought about installing an inground swimming pool in your backyard? Or have you ever considered restoring a turn-of-the-century home? Chances are if you were thinking about doing one of these projects, you’d call a professional to help you complete the task. Why then do we think we can make major financial decisions that could have severe implications without ever talking to a financial advisor? Yet, all too often I see these mistakes happen, and many times people ask for help after the fact, and sometimes the damage is done. That’s why a recent phone call led me to think about this very subject. 
May 24, 2018

What Happens in a Typical Quarterly Business Planning Meeting?

Not long ago I received a Twitter message asking “Justin, what happens in a typical quarterly business planning meeting?” Today I’m giving you a little insight into just such a meeting I had recently. While I can’t go into tons of detail due to confidentiality issues, I can tell you about a meeting I had with one of my clients – a first-generation business owner.
April 16, 2018

How is a Small Business Valued?

 When it comes to owning a business, it’s been stated that 80-90% of our net worth is tied up in our company. Many times business owners will go out and hire an investment advisor and pay them 1% to manage a small portion… with the business not included in this mix. Yet, investment advisors often don’t include your biggest asset – the business. We must have an understanding of exactly how a small business is valued so as to add it into the overall wealth planning process.
April 12, 2018

Simple Assumptions Can Lead to Employer-Employee Conflict

We’ve all heard the adage about assumptions. It makes an—well, you get the point. Recently I was part of a meeting that included a client and his employee. While I sat back and watched the two of them dispute over minute details, I could see both of their sides. They, however could not. Which lead me to ponder assumptions and the employee’s worth.
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