by drcfo | Aug 14, 2020 | Employee Management, Financial Advice, Owner Personal Development
Our last blog post listed the roles of an external Chief Financial Officer (CFO). Chief Financial Officers can give you insights on if your practice is profitable, how it can become profitable, whether or not you are overstaffed, whether or not you need to be open...
by drcfo | Mar 24, 2020 | Employee Management, Financial Advice, Owner Personal Development
Small business owners everywhere are rightly concerned about how they will withstand partial and full quarantines due to the recent Coronavirus pandemic. Medical and Dental practice owners are facing unprecedented times as they try to figure out how to survive the...
by drcfo | Dec 30, 2019 | Employee Management, Financial Advice, Owner Personal Development, Practice Manager
The rigorous training to become a doctor is not easy and requires many hours in and out of the classroom. Depending on your specialty, there are more licenses and education required. Like a doctor, the steps to becoming a CFO include experience in and out of the...
by drcfo | Nov 21, 2019 | Employee Management, Owner Personal Development, Practice Marketing
A doctor’s reputation will influence the individual success of the doctor, but also has an impact on the public’s view of the specific field of medicine or dentistry. Sometimes, patients will visit your office for a second opinion and it may seem all too...
by drcfo | Nov 7, 2019 | Employee Management, Owner Personal Development, Practice Manager
From our experience in medical consulting and dental consulting we know that employee salary, bonuses, and raises are a strategic way to motivate your best employees to stay and your poor performing employees to leave. If done smartly, your poor performing employees...
by drcfo | Oct 25, 2019 | Employee Management
Our last few blogs have focused on what a spouse or trusted long term partner of a practice owner should know in case of an event that would force them to take over the practice for a short amount of time or indefinitely. We went over the things that the practice CFO...
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