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The Foundation of Profitable Dentistry is the ultimate guide to becoming an effective leader and a profitable dental practice owner. A dentist’s loving, sincere, and calm presence and ability to foster strong relationships will be appreciated by their patients and reciprocated by their loyalty and many referrals. At the end of The Foundation of Profitable Dentistry, dentists see, know, and trust themselves as a leader. Throughout, dentists discover their values, boundaries, and what makes life fulfilling and complete for them. The Foundation of Profitable Dentistry also helps them to naturally discover with ease, clarity, and confidence the most resonant next steps for creating and maintaining a stress-free and profitable practice. Within its pages, Bita Saleh, D.D.S. teaches dentists: How to hire and retain the right employees; How to identify and attract ideal new patients to their practice; How to increase treatment plan acceptance; How to increase production and collection and decrease overhead; and How to make sound financial arrangements with patients and decrease no shows and last-minute cancellations.
Dental school prepares students for the clinical aspects of dentistry, but not for the business of dentistry itself. As students and residents alike, we graduate with massive debt and must act as our own small business entities without knowing how to begin structuring our financial lives. Contracts, loans, insurances and retirement options are languages we don't speak yet are critical to our success. The result is that dental professionals are left to figure it all out on their own and "learn the hard way." Until now. The Financial Survival Guide for Dentists reviews the crucial details of all the essential factors needed to create the foundation for our careers as we get started. The business of dentistry is no different than anything else; given the right guidance, we can set ourselves on a path for success. So let's take control back and begin the journey on our terms. This is everything you needed to learn, but were never taught, in dental school
There are many ways to achieve success. However, organisations that are successful tend to share a number of common characteristics. This book looks at how these characteristics apply to the profession of dentistry and how they can be applied to create a successful dental practice. It highlights the changing face of dental practice and shows how applying better management of time, finances, staff and marketing can have dramatic results. The strategies described throughout the book mesh together to provide a blueprint to develop a thriving dental practice, enhancing the lives of patients, suppo.
Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability. Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that: · Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances. · A small, profitable business can be worth much more than a large business surviving on its top line. · Businesses that attain early and sustained profitability have a better shot at achieving long-term growth. With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Business Basics for Dentists Concise yet comprehensive overview of business management principles tailored for dental practices, with strategies to apply the core concepts to achieve success Rather than presenting a rote checklist of steps for success, Business Basics for Dentists, Second Edition describes business, economic, marketing, and management principles and explains how to apply them to dental practice. Now fully updated throughout, this book provides the essential elements of a business course—management principles, economics, business finance, and financial analysis—without getting bogged down in too much detail. Dental students and new practitioners will learn how to use the core strategic and operational business philosophies to develop an effective dental practice. The business management principles are related to various aspects of running and managing a dental practice, including office communications, billing, inventory, and marketing. All aspects of practice transition are approached, including career opportunities, buying a practice, starting a new practice, multi-practitioner arrangements, practice valuation, and planning and developing a practice. The book also covers personal financial planning to ensure that the dentist is also planning for their finances and retirement beyond the bounds of the practice. Business Basics for Dentists, Second Edition covers: Personal money management and insurance needs, reducing the personal tax burden, estate planning, and securing financing Business entities, basic economics, the legal environment of the dental practice, financial statements, and business taxes and tax planning Management principles, planning the dental practice, financial analysis, and control in the dental office, maintaining production and collections, and gaining case acceptance Generating patients for the practice, controlling costs, promoting staff effectiveness, and maintaining daily operations Focusing on the transition period from a dental student, through corporate employee, to ownership, Business Basics for Dentists is a valuable tool for dental students and professionals seeking to further their career path through actionable advice from experts in the field.
Dental care is excluded from Canada’s universal healthcare system, with services provided based on the ability to pay. Our dental-care system is leading large segments of the population to neglect care, resulting in poor oral health and all of its consequences. This book examines the history of dentistry in Canada, demonstrating how private business interests have prevailed over public health. Current trends in the industry, such as corporate ownership and a focus on cosmetic dentistry, continue this history. But change is possible. By examining alternative approaches to the current dental-care system, this book is a call to action to make a healthier future possible.