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Once you’ve set up your five Profit First bank accounts, the next step is figuring out the allocation percentages so you can start transferring funds each week. This is where you'll see the...
When I work with my students, I always start by having them set up one extra account called Profit. This simple step can make a huge difference. Profit First is a behavioral system that leverages...
Being self-employed comes with its own set of highs and lows. There are days when the workload feels endless, and you might question whether the freedom you sought in starting your own business is...
This is the fifth and final segment in our series on the Core Principles of the Profit First for Dentists method. Let’s focus on the last principle: Enforce a Rhythm.
Dentists often find...
Once an entrepreneur starts funding the Profit and Tax Accounts, these funds begin to accumulate. Over time, as the cash grows, you might be tempted to reinvest it all back into the business....
There is a reason why sequence matters when it comes to your practice finances. In fact, this is the second core principle of Profit First for Dentists.
The Primacy Effect
First, let's talk about...
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...
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...
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...
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...
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...
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...
