Once you have taken stock of the debt situation you are in, it’s time to make a plan for Debt Reduction.  In order to pay down your loans quicker, you must have additional cash flow (profit) in the bu...

Dentistry is an expensive profession.  It’s costly to go to dental school. Then to either open or purchase a practice is another significant investment.  It’s very likely that debt will be incurred in...

If you think about your dental practice, I’m sure you’ll find you have a daily rhythm to things.  Most of us would say we have personal daily rhythms as well.

We tend to rise and start our day very m...

Transitions always take time.  Once you decide to make the change to the Profit First system and take action, you’ll likely meet some challenges.  It’s all new. 

When things get wonky and difficult, ...

On last weeks blog I shared how to enter your own statistics into the table.  This allows you to evaluate your current allocation percentages. 

If you haven’t yet completed the assessment, you will n...

Use this Table to Complete the Self-Assessment

Last week’s blog post gave you the directions for gathering all the data (numbers) and now today I’m sharing with you what to do with those numbers t...

With Profit First for Dentists once you commit to the Self-Assessment and take the action to complete it, you are also opening yourself to the truth of your financial situation.  Are you ready? 

This...

Once all five of your Profit First bank accounts are set up, it’s time to figure out the allocation percentages so you can begin to transfer funds each week.  The actual transfer of funds from the inc...

If you’ve been following my blog posts, I’ve been writing about the core principles of Profit First for Dentists and now I’m shifting my focus to the Self Assessment and how to put all of this togethe...

Being self-employed is the best thing on some days and the worst on others.  There are many days when it seems like the work never ends.  There are days when you wonder if you’ll ever find the Freedom...

This is the last blog post in this series of 5 about the Principles of the Profit First for Dentists method.  The final principle is to Enforce a Rhythm. 

I hear from dentists pretty consistently the...

I’ve been sharing information about the Core Principles of Profit First for several weeks now.  Today the topic I'm sharing about is the principle called, Remove Temptation.

Once an entrepreneur begi...

Today I’m sharing about the principle of Sequence and why it matters.  It’s the second Core principle of Profit First for Dentists. 

First let’s talk about the Primacy Effect to help us understand wh...

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...