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Cash is King: Creating a Debt Reduction Plan business efficiency business growth cash cash flow debt reduction dental office profits dental profitability Sep 09, 2024

After assessing your debt situation, it's time to develop a Debt Reduction Plan. To pay down your loans faster, you need additional cash flow (profit) in your business.

The Profit First model is...

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Establishing a Rhythm in Your Dental Practice banking dental office profits dental practice ownership dental practice profitability dental profitability profit first for dentists Aug 26, 2024

When you think about your dental practice, you’ll likely notice a daily rhythm to your activities. Similarly, most of us have personal routines that we follow each day. These rhythms create...

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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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Kickstarting Financial Success with a Profit Account dental profitability financial organization financial planning financial responsibility Jul 15, 2024

When I work with my students, I always start by having them set up one extra account called Profit. This simple step can make a huge difference. Profit First is a behavioral system that leverages...

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Boost the Value of Your Practice dental profitability profit increase profitable 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...

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Principle Number 3: Remove Temptation! business of dentistry dental profitability profit first profit first for dentists 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. ...

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Benefit Plans and Profitability business of dentistry dental benefit plans dental insurance dental profitability profit first profit first for dentists Feb 05, 2023

This is number six blogpost in this series The Business of Owning a Dental Practice.  If you haven’t read the first five blogs in this series, please take some time and check...

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