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One of the reasons lab owners prefer to fly solo is that they have no appetite for dealing with the challenges that come with personnel management.
There’s no doubt that more people mean more issues. However, there are also as many, if not more, positives for having employees, key among them is that they play a critical role in a business’s ability to grow and prosper.
Listening to recent news discussions for or against raising the federally mandated minimum wage to $10.10 has me wondering: What do you feel your responsibility is to your employees? What obligations do you feel you have...
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Bart Hyde, Hyde Dental Prosthetics in Fallon, NV, took first place in the 2014 North American Art of Denture Competition. Hyde offers a step-by-step look at his winning entry and his creative thought process.
Over 40% of lab owners plan to retire within the next decade. With retirement on the horizon for so many, selling a laboratory is going to become an increasingly competitive situation. In this buyer’s market, operating a well-run, profitable lab, maximizing its value and standing out from your peers is going to be essential if your exit strategy is to sell your laboratory. Here are some key features buyers are looking at when considering a laboratory acquisition:
* Solid client base. Statistically, even if all goes smoothly, a buyer can lose 10 to 20% of your accounts so he’s going...
Coming from 11 countries and 26 states, over 1,600 laboratory owners, managers and technicians battled a heat wave to join LMT for LAB DAY West on May 16-17 in Garden Grove, CA.
SEO ensures that your target audience has the ability to quickly find your laboratory’s website through a search engine; it’s what gets your website found and helps build traffic to your site.
Just in the past six months alone, there have been a number of laboratory acquisitions by private equity portfolio companies. While private equity is not new to our community, portfolio companies are poised to make the most of our changing industry.
Read More 5 minute read
In October of 1979, Oscar Mendoza fled for his life to California in the trunk of a car after his uncle was killed in the Salvadoran Civil War.
Established in 1983, 55-technician Van Hook Dental Studio in Tempe, AZ, specializes in full mouth reconstruction and implants and is taking the lead in the surgical support arena.
Since a large percentage of its dentist-clients are specialists, Van Hook is a complete dental imaging center facility that serves their surgical needs. The facility has a state-of-the-art I-Cat CBCT scanner that’s used for surgical and orthodontic scanning, implant planning and surgical guides.
“Starting with only a CBCT scan, we’re able to combine multiple files to design and fabricate a final restoration,”...
Tra’ Chambers had no actual laboratory experience when he opened Express Dental Laboratory in Norman, OK in December 2012. Harnessing the efficiency of CAD/CAM technology, the lab touts a two- to three-day turnaround (or same-day for its mobile service) and generated over $300,000 in revenue during its first full year in business. Now, with a staff of seven, the lab serves 118 clients and 45% of its work is completely digital. Here’s more about the lab’s growth strategies:
LMT: What made you decide to open Express Dental Laboratory without any prior laboratory experience?
Read More 4 minute read
During the start-up years of LMT, I read several articles about how product life cycles are bell curves; they typically peak and then decline. I also subscribed to the Harvard Business Review (HBR) and it featured a series about why most startups fail within the first five years.
Between the image of the bell curve and the HBR stats, the message loomed large that I needed to remain on high alert to recognize when LMT might peak and start to decline. I also decided it was important to have more than one product. We created LAB DAY.
Our fourth year was exceptional; I knew then that we were going...
Coming from 23 states and 12 countries, LAB DAY East 2014 attendees—more than 900 lab owners, managers and technician--were upbeat and optimistic about business and keenly interested in adding new materials, products and equipment to their labs.
Over the last 30 years or so, the use of alternative/complementary medical therapies has become more widespread in the U.S. Now allopathic (traditional) practices are taking a more holistic approach to healthcare and the trend is continuing to generate more avenues of opportunity.
In addition, as we learn ever more about how the human body works, it’s become clearer to the traditional medical profession that many important clues to one’s health can be gotten from the oral cavity and, thus, it is of increasing importance for physicians and dentists to work together for the well-being...
The bucolic town of Central City, Pennsylvania lies five miles down the road from the site of the Flight 93 memorial and not far from the Quecreek coalmine that trapped nine men underground for four days in 2002. It’s also home to Curt Morgese, owner of a one-person, high-end C&B dental laboratory. As of last November, he’s also the district’s borough councilman.
“Making teeth has been a life-long passion,” he says. “I am always on a quest for knowledge in my daily profession.” He is also keen on politics.
He relocated his lab to Central City from Greenburg,...
“The dental industry is rapidly changing,” said Robert Ganley, CEO of Ivoclar Vivadent, during the company’s Experience Innovation event on Friday night in Chicago. “We believe these changes will point the dental industry in a more digital direction with an emphasis on consistent high-quality materials, processes and results. With collaborative partnership and strong leadership, we can connect to the heartbeat of innovation and see improved efficiencies and growth throughout our profession.”
Highlighting the event was the worldwide launch of the new Wieland Zenotec®...
Debbie Kiser (left) and Steve Kaufmann (center) of SK Dental Arts in Imperial, MO, discuss Komet’s product lines, including the company’s new Expert Kits with Komet’s John McCoy.
ETI’s Valerie Poon and John Just draw the winner of the company’s iPod Shuffle and Die Cut Kit giveaway. The winner is John Silo, CDT, from Jamestown Dental Lab, Jamestown, NY.
“Change, consolidation and new business models are inevitable, but survival, growth and a seat at the table are optional. Your future in the next several years is dependent on what you decide to do,” said Mark Murphy, DDS, in his State of the Industry presentation at the 88th Annual Cal-Lab Meeting. “We have tremendous control over what our role will be in the future. You can’t change the direction of the wind, but you sure can set your sails.”
Other speakers during this year’s meeting offered ideas on exactly how to set those sails. Terry Fine, President of...
There were several new companies exhibiting at LAB DAY this year, almost all of them in the digital solutions arena:
3DRPD USA is printing chrome-cobalt partial denture frameworks at its new facility in Rouses Point, NY. The company is working with laboratory customers only; you send an .stl file of a designed framework and the turnaround time starts at three days. For more details, call 855-373-6458, email info@3DRPDUSA.com or visit www.3DRPDUSA.com.
DOF, Inc. (Degree of Freedom) specializes in open architecture CAD/CAM applications for the dental industry. Headquartered in Seoul, Korea,...
“Nobel Biocare believes the laboratory is upfront and integral to the treatment process,” said Tom Olsen, President and General Manager, Nobel Biocare North America, at the company’s NobelProcera Innovation Forum and Reception on Friday night. “Nobel Biocare’s focus is on three value drivers: designing for life, partnering for life and learning for life.”
Joining Olsen on stage were Stefan Holst, DMD, PhD, Global Head of Research and Science, and Peter Wohrle, DMD, MMedSC, a prosthodontist from Newport Beach, CA, who is also a technician. They showcased how...
KDF introduced two new products at the show:
Cascom SE Casting Machine offers high-frequency alloy induction heating and vacuum and pressure casting. It doesn’t use flame during the melting process so the alloy doesn’t absorb gas, minimizing porosity and creating a smooth surface. The unit is user-friendly, simple to operate and offers a fast casting for various types of alloys.
Zircom Sintering Furnace features a molybdenum disilicide heater that provides clean, reliable and consistent results. Compact and user friendly, the unit works with a variety of zirconia materials and features...
Harvest Dental introduced a new polychromatic cross-linked acrylate polymer for producing natural-looking, long-term provisional restorations in the anterior region. Composed of a nano-hybrid composite structure, ZCAD Temp Esthetic is a multi-layered machinable block that harmoniously distributes light, opalescence and fluorescence. For details on the material, call 714-674-7400 or visit www.harvestdental.com.
Custom Automated Prosthetics (CAP) introduced Multi FZ, a multi-layered zirconia that makes it possible to achieve an esthetic, multi-colored, monolithic, high-strength (1,100MPa flexural strength), milled full contour zirconia restoration without dipping or green-state shading. The 98-mm discs mimic natural dentition with cervical, body and enamel shading and a “blend zone” at each shade interface. For four- or five-axis milling machines, the discs are competitively priced and come in three different colors and white in order to match 16 VITA shades and bleach shades. CAP Multi...