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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 I've...
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 willi...
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 additio...
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 neces...
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 thr...
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 comfortab...
Dentistry is an exceptionally rewarding profession, but it can come with significant financial burden. It is common for me to work with dentists who are still repaying debt from their education, their...
As a skilled dentist and business owner, you should be rewarded for all the risks you’ve taken, the hard work, and the time you've put into your practice. That's why profit is so important. Profit is ...
Imagine being relieved of the financial stress associated with owning a dental practice! With our proven method, Profit First, we want you to experience this by striving for profitability in your busi...
Principle number 3 of the Profit First for Dentists system is to remove temptation.
Once an entrepreneur begins to fund the Profit Account and the Tax Account, money will begin to accumulate. Over t...
Why does sequence matter? It’s the second Core principle of Profit First for Dentists.Â
First let’s talk about the Primacy Effect to help us understand why sequence is so important. The Primacy Eff...
Today my focus is on Principle number one called The Small Plates Principle. First I want to share a bit of background information so all this will make more sense.Â
Going all the way back to the ea...
There are four core principles in the profit first system.Â
The first one is the principle of Small Plates. Since the early 1900’s the size of a dinner plate has changed from about 8 inches in diame...
Here we are at the last blogpost in this series, The Business of Owning a Dental Practice. I can’t believe it’s been nine weeks now. Thanks for hanging with me and if you haven’t yet read the previo...