Every practice has goals of increasing revenue and becoming more efficient. While it may seem overwhelming at first, trying to balance these items and finding the best way to increase your practice’s business while also saving time and money doesn’t have to be hard.
When used correctly, debt can be a powerful tool that can grow your business and vastly improve your quality of life. When used incorrectly, it can become a weight around your shoulders, holding you back as you attempt to grow and expand.
It might have felt like you just filed your business’s 2014 taxes, but the 2015 tax season is not too far away. If you intend to make any major purchases, it’s a good time to consider making them so that you can use the write-offs to your advantage.
As we cross the midway point of the year, now is an excellent time for a dental practice to examine its fee structure and see what needs to be updated and improved, said Teresa Duncan, DPR’s insurance editor and a noted practice management consultant.