You’re staring at your P&L at 11pm. Again. You’re wondering why you’re working this hard and still not keeping what you deserve. You’re asking yourself: What should my overhead be? What’s the right percentage for payroll? Am I spending too much on labs? Should my profit margin be 25%? 30%? What’s normal? Yet, right there… Read more »
Posts Tagged: dental practice profitability
To PPO or Not to PPO (Answer This Question First)
I get asked this question every single week. In fact, it’s the number one reason doctors reach out to schedule a practice strategy call with me. “Scott, when is my practice ready to drop PPOs?” If this rings true for you, here’s what I want you to understand: You’re asking the wrong question. The real… Read more »
The Bucket of Opportunity: Stop Leaking Profit and Start Growing Your Practice
You’re hustling. Your heart’s in the right place. Your intentions are solid. Your patients are getting healthy. Yet, you’ve got leaks… and they’re draining everything you’ve worked for right out from under you. Most doctors think profit leaks are about overhead or payroll. Those are the wrong places to look. A profit leak is something… Read more »
Understanding the Difference Between Income and Profit
Your top-line number is lying to you… The most important thing you can understand about your practice is the difference between income and profit. If you truly understand that difference, we can engineer your practice. When I say engineer it, I mean intentionally design it to deliver what you want out of life, not just… Read more »
Breaking Free From the Limits of Time, Space, and People
In private practice dentistry, there’s one resource that governs nearly every decision you make: time. It shows up most clearly in your schedule, and I’ve long said it – either you own your schedule, or your schedule owns you. What most doctors don’t realize is that the schedule is not just a calendar of appointments… Read more »
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