THE OPTIMIZED DENTAL PRACTICE – BUDGETING
brought to you by Summit Practice Solutions
During these unprecedented times, we want to help dentists everywhere be looking forward and making firm plans to take their practice(s) to new heights when our lives finally do begin to get back to some semblance of “normal”. But it is very likely to be a “new normal” and require some significant changes in the way you approach the business of dentistry. We want you to be ready to OPTIMIZE every aspect of your practice and make the most of every opportunity throughout the rest of this year and beyond.
You should have received a previous email from us entitled How To Play the Game. One of the things recommended was to download a copy Mike’s book entitled The Super General Dental Practice. In this and many of the upcoming emails in this series, you will be directed to specific chapters to expand upon the video content provided. If you still need to download the book, just click here.
The topic for the video today is BUDGETING. To access the video, just click here. After viewing the video, you will find additional related information in Chapters 16, 17, and 22 of the book. (We strongly encourage you to read the entire book.)
As an additional resource, click here to download a sample of a traditional P&L and click here to download a sample CASH FLOW STATEMENT that has been formatted according to our long-standing recommendations. A CASH FLOW STATEMENT is a critical management tool while a P&L is primarily beneficial for tax purposes.
If you have questions or comments, reach out to Max Gotcher or Mike Abernathy at Summit Practice Solutions.
Michael Abernathy, DDS