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The First Principle in Profit First: Small Plates dental office profits dental practice profitability expenses Jun 10, 2024

There are five Core Principles of Profit First for dental practices, and the first is known as the 'Small Plates' principle.

Let's cover some background information to provide context. In the early...

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What Do I Need to Know to Implement Profit First in my Practice? dental practice growth financial management financial organization Jun 03, 2024

In the Profit First system, there are four core principles. In this blog, I'll give you a brief introduction to each, and over the next few weeks, I'll dive deeper into each one. 

The First...

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GAAP and the Profit First Equation dental practice growth dental practice profitability expenses gaap profit first May 27, 2024

Dentists work hard, their dedication is remarkable and they deserve fair compensation, which, unfortunately, isn't always the reality.

Let’s understand how fair compensation can be achieved...

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Where Does the Money Go? Understanding Expenses with Profit First dental practice ownership expenses financial management money management May 20, 2024

Do you find yourself in a situation where money seems to come in and go out of your dental practice at lightning speed? Bills never seem to stop, payroll sneaks up on you, and there's always a...

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New Patient Growth and the Profit First Model business growth dental new patients dental practice growth sustainable growth May 13, 2024

Every clinic wants to increase its patient base, but how do you manage that growth effectively without stretching your resources too thin?

When it comes to growing your practice, it’s vital...

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Dealing with Benefit Plans budgeting cash flow dental benefit plans dental practice ownership May 06, 2024

Today, we're focusing on a particularly pertinent topic in the dental community: managing benefit plans. This subject is increasingly relevant, and many professionals dedicate their expertise to...

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Production Model vs Profitability Model in Your Dental Practice dental new patients dental practice profitability production profit first Apr 29, 2024

Many dentists I talk with think that the key to growing their practice is simply increasing how much they produce. They often have a yearly target, which is great for setting goals, but from what...

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Planning for the Future with Profit First exit strategy financial planning future planning retirement planning Apr 22, 2024

Feeling a bit burned out? Take a moment to think back to when you first started or bought your practice. Remember how excited and energized you were at that time? You were full of enthusiasm and...

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Identifying Good and Bad Debt with the Profit First System bad debt debt reduction good debt pay off debt tackling debt Apr 15, 2024

When you own a dental practice, it is quite common to accumulate debt. Whether you are starting from scratch or purchasing an existing dental practice, taking out a loan is often necessary. In...

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The Balance Between Technical and Business Training in Dentistry business accounts business growth business training technical skills Apr 08, 2024

It's a well-known fact within the dental community, that the majority of dental schools focus heavily on technical training. This focus is important, as it equips future dentists with the skills...

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Manage Your Dental Practice's Finances with the Profit First System business management business operations money management Apr 01, 2024

As a dentist, you likely find yourself juggling multiple responsibilities each day, with time slipping away faster than you can keep up. My mission is to simplify money management in your practice...

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Boost the Value of Your Practice dental profitability profit increase profitable Mar 25, 2024

Dreaming about paying off your debts and selling your practice? Paying off debt not only removes a huge weight off of your shoulders as a dental practice owner, but it also sets you up for a...

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