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Production Model vs Profitability Model in Your Dental Practice business of dentistry dental practice business management 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 I've...

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Planning for the Future with Profit First financial management 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 willi...

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Identifying Good and Bad Debt with the Profit First System eradicating 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 additio...

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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 neces...

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Manage Your Dental Practice's Finances with the Profit First System business of dentistry 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 thr...

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Boost the Value of Your Practice the profitable dental practice 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 comfortab...

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Tips to Help You Take Control of Your Finances TODAY! financial management Mar 18, 2024

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...

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Why Profit First? business of dentistry Mar 11, 2024

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 ...

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Why You Should Use the Profit First Model as a Dentist profit first profitability Mar 04, 2024

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...

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Principle Number 3: Remove Temptation! the profitable dental practice Apr 19, 2023

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...

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Principle Number 2: Sequence, And Why it Matters! Mar 19, 2023

Why does sequence matter?  It’s the second Core principle of Profit First for Dentists. 

First let’s talk about the Primacy Effect to help us understand why sequence is so important.  The Primacy Eff...

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Principle Number 1: Small Plates! Mar 14, 2023

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. 

Going all the way back to the ea...

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Implementing Profit First in a Dental Practice: What You Need to Know! business of dentistry profit first profit first for dentists Mar 06, 2023

There are four core principles in the profit first system. 

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...

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GAAP and the Profit First Equation the profitable dental practice Feb 26, 2023

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...

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