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August 7, 2020

         Based on things I hear about the dental industry, if a practice is a partnership between two dentists, it’s basically a marriage. The owner’s income is split between the two, and you both make decisions for the practice. As much as I, and I assume you, want to...

July 17, 2020

         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...

July 2, 2020

         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 f...

June 19, 2020

         Have you checked your Accounts Receivable lately? You should, especially during a recession.

         To be clear, Accounts Receivable refers to what PATIENTS owe YOU. If you want profit, you MUST know what your patients owe,...

June 9, 2020

         The sunk cost fallacy is when you dump a lot of money into a failing program in hopes that it’ll get better. The fallacy is thinking that just because your investing in it, it’ll pay off eventually. If this sounds familiar, you might be in financial hot water....

May 28, 2020

          Being Profit First Professionals, we deal with percentages a lot. Our allocations into the profit account, tax account, opex account, and others are all done based on percentages. Although it seems mundane, this is a very important distinction. It prevents us...

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