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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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Do You Know Your Profit Margins? Learn How Profit First Works allocation banking dental practice dental practice growth dental practice profitability Jul 08, 2024

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...

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Why Does Sequence Matter? dental office profits dental practice growth dental practice profitability Jun 17, 2024

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...

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What Do I Need to Know to Implement Profit First in my Practice? dental practice growth financial management financial organization Jun 03, 2024

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...

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GAAP and the Profit First Equation dental practice growth dental practice profitability expenses gaap profit first May 27, 2024

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...

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New Patient Growth and the Profit First Model business growth dental new patients dental practice growth sustainable growth May 13, 2024

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...

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More New Patients business of dentistry dental new patients dental practice growth dental practice profitability profit first profit first for dentists Feb 13, 2023

I’m grateful for you today as you are here reading this seventh of nine blog posts in my series, The Business of Owning a Dental Practice.  I’ve been sharing a new blog post each...

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