How To Know What Metrics Determine A Successful Dental Practice

Do you know the numbers that matter in your dental practice?

Today’s show is a clip from a past interview where I was featured on Howard Speaks with Howard Farran – the founder of Dental Town.

I went over a few things that I don’t normally cover in interviews on this show, and I go in-depth on the metrics that drive a successful dental practice.

In today’s bonus, I’m sharing a quick exercise you can use to get a grasp on the account in your business so that you can see where your practice is headed.

Click here to get today’s episode bonus: The “Know Your Numbers” Litmus Test

Here are a few things you’ll discover in today’s episode:

• Appointment by appointment: Are you making money or losing money?
• What sets apart million and billionaires in terms of the roles they have on their employee teams
• The business quote that Bill Gates lives by that’s applicable to dental practice owners
• Which accounting software and practice management I personally recommend to my private clients
• How I spot embezzlement in a non-traditional way (this is how sneaky employees get away with stealing thousands of dollars from your practice)
• Metrics in your business. Do I personally believe in having transparency around the numbers that matter in your practice (and should employees know how much is in the bank?)
• How to read your balance sheet (and why this is critical to building a successful practice)

Free Episode Bonus:

When you know what numbers you need to focus on to drive your dental practice, everything else becomes clear.

Access the “Know Your Numbers” Litmus Test I mentioned in today’s episode so that you can easily grasp (and stay aware of) your key metrics by clicking here.

Quotes:

• “Accounting is the language of business.” – Jonathan VanHorn
• “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.” – Bill Gates

Resources:

• Skype
• Open Dental

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