A goal without a plan is just a wish.That’s a famous quote from French writer Antoine de Saint-Exupery. And even though the quote dates back to the first half of the 20th century, it’s perfectly applicable today to many aspects of life.
One of those aspects is the separation that exists between an average dental practice and one that is more successful financially. It’s about planning—specifically, having a strategic action plan. Unfortunately, that plan is missing from too many dental practices.
“In the dental field, 85-90% of dentists coming out of dental school, within two to four years are either off on their own, or buy into some sort of practice,” says Mark Balog, CPA, principal with Balog & Associate, CPAs, PLLC. “They’re good technicians at the end of the day, but they’re not equipped to run a practice.”
And developing that strategic action plan is key to achieving financial success. Continue reading the article at: http://www.dmdtoday.com/news/how-to-ace-the-business-side-of-your-practice#sthash.W25YeQF9.dpuf
or join us for a webinar on The Business of Dentistry here (great for all dental pros): https://app.webinarjam.net/register/5899/fb73e0fc79
Mark Balog CPA, Profitability Consultant & CPA
About the author: Balog & Associate CPAs are a full-service CPA firm with boutique niches within the “Dental” profession, “Matrimonial” profession & “Law Enforcement” profession. Many of our clients are either dentists looking to open their first practice and be successful or dentists with established practices looking to improve their profitability.