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Start Small & Trim the Fat; Navigating the Transition to Profit First accounting tool banking business accounts dental office profits profit first for dentists Aug 19, 2024

Transitions take time. When you decide to switch to the Profit First system and start taking action, you’ll likely face some challenges. It’s a new approach, and new things can be...

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Setting Target Allocation Percentages for Your Practice business accounts business growth dental profitability financial management profit first profit first for dentists Aug 12, 2024

Last week, I shared how to input your own statistics into the table, allowing you to evaluate your current allocation percentages. If you haven’t completed the assessment yet, you won’t...

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Gathering Data for the Self Assessment business accounts business growth dental practice growth dental practice ownership dental practice profitability profit and loss Jul 29, 2024

With Profit First for Dentists, committing to the self-assessment means you’re ready to face the truth about your financial situation. Are you prepared?

This assessment will show you how much...

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How to Determine Your Percentage Allocations for Each Account allocation business accounts business efficiency business growth business operations dental practice growth dental practice profitability operations Jul 22, 2024

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...

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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...

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A Big Mistake Some Dentists Make budgeting budgets business accounts business management money management patient care profit first sustainable growth Apr 09, 2022

I have the privilege of providing business coaching for dentists from all over the country. Over time, I’ve been able to identify some common misconceptions about running a dentistry practice...

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Business of Owning a Practice - Video 1 of 9 business accounts business efficiency business growth business management business tips cashflow high performing business mentorship money money management profit profit first profit increase Feb 05, 2022

This is my new series about the business side of owning a dental practice. Each week I will be posting a new video on specific topics of business and how It relates to dentistry. I will also be...

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No Temptation Accounts budgeting budgets business accounts money money management Jan 23, 2022

One of the most important tips for business owners is to avoid temptation accounts. Now what exactly do we mean by that? Well, in this case, I'm talking about the temptation to borrow money from...

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