Over the last 6 weeks, I have endeavored to lay out a diagnostic plan that a sixth grader could follow. Basically, a fill in the blank, check the box, color by numbers approach to diagnosing why your office struggles. I have gotten dozens of emails from those that read the articles, followed the advice and are already seeing changes in their ...
Read MoreI know I had you fill out the Growth Analysis Spreadsheet as well as tracking down a year to date Profit and Loss Statement and a printed copy of one week’s schedule. Today, we are going to delve into your schedule in general terms. Obviously, without actually looking at your specific schedule I am not going to be able to comment in depth on it, ...
Read MoreThere are so many myths, misunderstandings and illiteracy when it comes to Profit and Loss Statements. One of the keys to consistent growth is understanding where you are financially every minute of the day. Sure, it’s good when you can pay your bills and take some money home and it’s bad when there is nothing left. But most us do not use the ...
Read MoreSurely, 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 ...
Read MoreGet 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% ...
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