Will Profit First Work for me?
Sep 30, 2024
The number one question I get from dentists who are starting to implement the Profit First method is “how do I make sure this is going to work?” This process is an investment of time…and time is precious these days.
How do you know if this is going to work?
Will the financial position of the practice be better using this Profit First for Dentists method?
The answer is Yes and Yes.
Mike Michalowicz designed this method because of his own business failure story. Desperate times lead to innovation and creativity. What is your story? Are you ready to change your financial story using the proven Profit First method?
Remember learning does take some time and it’s important to trust the process. Don’t give up when a challenge arises. First step back and make sure your CAP’s are correct. CAP’s are your current allocation percentages. If you’re not sure about this, don’t just wing it…let’s get you some help.
Once you have your CAP’s, you need a goal for the future or we call these TAP’s, Target Allocation Percentages.
Lastly, you’ll need a plan for how to go from the CAP’s Current Allocation Percentages to the TAP’s Target Allocation Percentages. The plan must be accurate and achievable or you will give up. So don’t go it alone!
Everyone needs a coach. Even I have a coach for my business. In today’s world, you need another set of eyes on your business. If you want some help, I’m here for you. Schedule a call by clicking the Get Started button on my website, www.profitfirstdentist.com. I promise the call will be valuable.
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