Surely, we all are now on the same page but if you have not downloaded your own Growth Analysis Spreadsheet please do so now (click here) and fill it out completely. Secondly, you will need to go back four weeks to the Introduction post for this series and read it and also read parts 1-3. Be sure you have a year at a glance Profit & Loss ...
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Get your spreadsheet, P & L Statement, and a copy of one week’s schedule and let’s take a look at page two of your Growth Analysis Spreadsheet concerning the bottom 7 line items (questions). 1. How old are you? When looking at where you are while strategizing on where you want to go, age and timing are everything. The decisions you make ...
Read MoreI feel a little like a broken record for repeating this, but this is a multipart topic built on you having certain things in front of you as you compare and contrast the information we are discussing. If you have not downloaded and filled out the Summit Practice Solutions Growth Analysis Spreadsheet, do this now and fill it out. You will also need ...
Read MoreIf you missed last week’s blog, we discussed really understanding where you are in your practice. Basically, where you do well and where you have challenges. You need to have downloaded the Growth Analysis Spreadsheet from this link. You should have filled in the first two pages (page 3 fills automatically) with absolutely correct data without ...
Read MoreTHE SUMMIT GROWTH ANALYSIS SHEET On Star Trek, Dr. McCoy would take his trusted tricorder and quick as you can say Captain Kirk, we had a diagnosis, or solution to the problem. The tricorder is a multifunction hand-held device used for sensor (environment) scanning, data analysis and recording data. It was issued by the fictional organization ...
Read MoreAllow me to try and be more objective this week and mention the good points and the not so good points about DSO’s. THE UPSIDE ARGUMENT FOR JOINING A DSO: Decreases the amount of time that a dentist spends running the business. Minimizes the doctor being the actual leader of the practice. A non-dentist can indirectly own equity in ...
Read MoreMost dentists are unaware that DSO’s in one form or another have been with us for 30 years. Yet, today, DSO has become the buzzword for dentistry’s future with experts predicting that 80% of the dentistry being done in 10 years will be from DSO’s. Currently DSO’s own or control about 17% of practices in the US and are growing about 15% ...
Read MoreBeing self-aware is always a common trait of successful doctors. What are your strengths, weakness, and surroundings? We are going to dissect the effect of demographics for your office. Demographics is defined as the statistical data relating to the population and particular groups within it. For our purposes, we want to learn the ins and outs of ...
Read MoreIt is said that when you graduate from dental school, you are just barely “not dangerous”. In a way, that diploma is merely a learner’s permit. Those who embrace a consistent commitment to learning something new every year of their career just seem to do better. That learning is in no way limited to just clinical performance and services. ...
Read MoreMaybe we could just stop after reading the title. Call me Captain Obvious because this is pretty much a no brainer. No one wants people owing money to them for over 3 months or longer. The problem is that most dentists have no idea of what their actual summary for aged accounts receivable looks like. When was the last time that you had a staff ...
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