The new President Biden Tax Proposals are a hot topic right now among business owners, especially dentists. Our good friends at Duckett Ladd recently released a whitepaper that covers the top five things that dentists need to know about them. If you have questions or concerns that your current CPA’s and advisors cannot answer for you, or if ...
Read MoreI know most of you won’t be able to identify with this memory, but every fall when I was a kid, the Sears Christmas Catalogue would arrive with full-page color photos of every toy available for the season. It was remarkable. It got my mind reeling with the possibilities of Christmas morning. It was subtle, but it always moved from anticipation ...
Read MoreHaving a little time on my hands for the last couple of weeks, I started reading a book every two days. One of them was a classic that I read 30 years ago. I remember it had a dramatic affect on my perception of “the business of Dentistry”, but for the life of me, I couldn’t remember a single detail. Eliyahu Goldratt wrote The Goal in 1984. ...
Read MoreThe final words on pay and profit formula. We started two weeks ago with The Extortion of Pay at the Cost of Profit, moved to The Reality Pay Formula, and finish today with a look at stopping overhead creep through systematic rework of your pay/profit strategy. If you have read the Super General Dental Practice (Second Edition) you will have ...
Read MoreNot long ago I got bullied into reopening a Facebook account by one of my clients. While this may or may not be his real name, Nathan Ho is a great dentist with a great product called Envision Stars that creates a software interface for Facebook that can add to your marketing outreach. Anyway, I opened back up my account and, on his insistence, I ...
Read MoreThe response to our post from 3 days ago (SPECIAL REPORT – FACING THE HARD FACTS ABOUT STAFFING) has been somewhat overwhelming. Thank You! Most of the comments and questions concerned switching your hygienist(s) from hourly or salary based pay to commission based pay. We decided that the most effective way to address these questions ...
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 MoreOnce again, we are looking at a number that few, if any, consistently follow. The amount you spend on your lab bills becomes a significant indicator of whether your marketing is working, demographics are good, systems are done consistently well, case acceptance is high, and even your ability to inspire a new patient. So, what we are looking at is ...
Read MoreI hope you are caught up by now and have your Growth Analysis spreadsheet filled out and have an understanding of where you are doing great and where you come up a little short. In any eventuality, you have a clear picture of the benchmarks and goals that you will ultimately need to address. Today, I want to add one more level of comprehension. ...
Read MoreIt’s official. BEST for Dentistry (the nation’s largest group for the lowest pricing on dental goods and services to insure the survival of the independent practice of Dentistry) beats Black Friday and Cyber Monday hands down and does it 365 days a year. Don’t be the last doctor on the block to take advantage of the pricing and Alliance ...
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