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 | Jan 23, 2020 | Financial Advice, Owner Personal Development
Though the profit and loss, statement of cash flow, and balance sheet are necessary for any business, financial statements for a Medical or Dental Practice will in many ways vary from small business statements. Financial statements should tie back to or relate to the...
by drcfo | Jan 13, 2020 | Financial Advice, Owner Personal Development
Whether they specialize in dental, chiropractic, podiatry, dermatology, integrative medicine or any other medical or dental specialty; it is important that the practice owner understand the financial condition of their practice. By not considering important financial...
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 | Dec 11, 2019 | Financial Advice, Owner Personal Development
Have you ever walked around your house and wondered “Why did I buy this?” when you have only used the item once or maybe never? The same thing may happen with medical and dental equipment if you are not really evaluating the Return On Investment (ROI) and...
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