I am no expert, but I found three or four articles over the last month that answer questions that I am often asked. “Where do you invest your money?” I have traditionally invested in: 1. My office and staff 2. Tax free municipal bonds 3. Land, when I could pay cash These excerpts come from Bob Sytz, a CPA and CFP who writes for ...
Read MoreProbably one of my best (and worst) traits is my inclination to approach a challenge with the mindset of: Ready, Fire, Aim. I guess I always figured that making no decision was worse than making the wrong one. You never fail if you get up and keep going. I just made sure that if I failed, I failed forward. It is said that an expert ...
Read MoreEveryone is looking for an edge. Everyone wants to lower their overhead and stress level. Finally, everyone is looking for little known secrets of productivity. I think you will be surprised at how easy it is to eliminate one clinical staff position, meet OSHA requirements, and double your operatory efficiency. At some point in every ...
Read MoreOver and over I see doctors overlook the most sensible investment that they could make in their dental careers. They will try real estate, the stock market, limited partnerships, gold…, only to fall short of their financial goals which in turn limits their future. Time passes, and 97% of these dentists end up being unable to retire. ...
Read MoreFOR THOSE WHO LOVE THE PHILOSOPHY OF AMBIGUITY, AS WELL AS THE IDIOSYNCRASIES OF ENGLISH Please enjoy and understand the following: 1. DON’T SWEAT THE PETTY THINGS AND DON’T PET THE SWEATY THINGS. 2. ONE TEQUILA, TWO TEQUILA, THREE TEQUILA, FLOOR. 3. ATHEISM IS A NON-PROPHET ORGANIZATION. 4. IF MAN EVOLVED FROM MONKEYS AND APES, ...
Read MoreIt always starts with a short email or call from a doctor asking me how to structure his/her bonus. I always answer: “Give me a call, because it will take too long to type it, and you will end up sending me six more emails all starting with “Yeah but, what about __________________?” It happened again so I decided to go ahead and type ...
Read MoreToo often, I see Doctors and their practices struggling to find a solution to high overhead, low productivity, and patient marketing and retention. In most cases, I see a high turnover of staff, few new patients and an out of control overhead spiral. A typical Doctor response is to take more continuing education to improve his/her clinical ...
Read MoreThis title appeared on Jon Gordon’s weekly newsletter. Basically he contends, and I would agree, that sometimes (most times), experience can be a curse. “Such as when your experience in business causes you to focus on the good ole days; when everyone was making money; when everyone was successful; when life was easier; when you ...
Read MoreFor 25 years, you have heard or read about my passion for transitions in a dental practice. No other strategy in dentistry can give you a 200 K 300 percent return on your investment. Done correctly, you can almost eliminate any downside to bringing in an associate leading to partnership. I plan to write a series of articles about different aspects ...
Read MoreSeldom do doctors ever ask me for help with their personal financial habits. With that said, I see hundreds of doctors every year that literally are held back by financial captivity in their practices. The spending habits within the practice and resulting high overhead prevent them from any aggressive strategic actions that would actually grow ...
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