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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...
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...
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...
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,...
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. ...
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...
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...
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...
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...
This is blog five in the series The Business of Owning a Dental Practice. Todays topic is to discuss a Production Model or a Profitability Model of business and why more production...
This is blog number four in the Business of Owning a Dental Practice series. So far we’ve talked about Technical Training vs Business Training in the first blog and last week...
This is the third blogpost in the Business of Owning a Dental Practice series. Today’s topic is Debt. Primarily I’m going to talk about Business Debt but you could...
