How do you define success? Is it based on the amount of money you make, how big your practice gets, or is it about whether or not you enjoy what you do? For a lot of entrepreneurs, success is measured by the size of the company and the income. For us, we feel successful when we’re doing what we love, and that’s bookkeeping. No one in their right mind enjoys bookkeeping; we’re all a little crazy here at BLBK. We actually like math. Jokes aside, we love keeping everything organized and saving money. We value saving money more than making a large income, and we love helping others become financially stable. Bookkeeping is something you likely hate doing. You didn’t sign up for this 2nd job, tha
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Andrew Hoover
- Jul 2
Even though Covid is slowing down, the recession can feel like the end of your practice. You don’t have to resort to selling your practice though. Here’s what should be happening. If you’ve been following the profit first process, you should have reserves ready for emergencies like this. Yes, this is much more long-term than anyone anticipated, but you still have reserves. Most practices are open now, which means you do have income coming in. Yes it’s slow, and it won’t get back to normal immediately. The good news is that even though you may not be getting as many patients, your financials don’t have to suffer as much if you’re using the Profit First system. Profit First is calculated on pe