"If I'd set these plans in motion five years ago, I'd be taking home nearly $15,000 more a month right now"...
Jonathan VanHorn, CPA/ABV
Founder of Dentistmetrics.com
That's what a client just mentioned to me the other day. More on that in a bit...
Look, if you're reading this, it's because you want to start or grow your dental practice.
And I have some good news, and then some bad news for you.
Here's the good news...
There is only ONE "secret" to doubling, and then tripling (and so on) your practice's revenue and your personal income.
Aaaaaand here's the bad news....
The "secret" to skyrocketing your income is not too sexy (you can trust me on that, I'm a CPA) and it can be really overwhelming.
See, the "secret" is simply to track and improve the nitty-gritty metrics that collectively grow your bottom line over time.
That's not what you wanted to hear, was it? And yet we all know it's true...
I see it every day-- most of the dentists I work with KNOW they should be improving their "stats."
But they don't know where to start.
Or they jump from tactic to tactic, get burned out, and start accepting things as the way they are.
Which is a shame. Because these dentists are missing a massive opportunity to lower their stress and start making serious money.
I don't care what type of practice you own, or where it's located. There are things you can be doing, right NOW, that can significantly grow your practice and revenue.
Want to know the problem with the dental industry today?
Good, I'm glad you asked!
It's that dentists spend about 15,000 hours learning how to become dentists… and almost zero hours on how to become a business owner.
It’s not your fault. But it's true.
And it gets worse...
Most younger dentists have a crushing amount of debt (dental school loans, maybe a startup practice loan or an acquisition loan)... and you’re under a TON of pressure to succeed in business.
Here's just a few challenges you face...
Increasing competition from corporate dental practices (shrinking margins)
Insurance companies decreasing fee reimbursements every year
The average retirement age for dentists is increasing, so fewer practices are for sale
More and more dentists graduating every year --> more and more competition
Maybe previous generations of dentists could get away with winging it in the beginning...
But in today's bad dental business environment, you simply can't afford to do that.
That’s why our mission is to help dentists worry less and take back control of the business side of their practices.
We coach you. We help you set goals for your practice and your employees. We keep you accountable, and talk through new challenges that arrive in your practice with you. We show you ways you can improve.
And we help you get massive financial results with less stress.
Recently, we helped a dentist three years out of school. He was a hard-working and talented dentist, but he had very little business experience.
1. We coached him through the negotiation and purchase of a large multi-doctor practice.
2. We helped him grow his new practice by $500,000 a year in collections... while increasing the profit margin to 33%.
3. Because of that, he's been able to pay off his student loan debt, and he’s about to pay off his practice loans as well.
Would you like to skyrocket your practice and be less stressed?
If you're interested, I'd love to learn about your specific situation. If it makes sense, we can talk about working together. If not, I have 60+ hours of podcasts and free material, and I'll point you to the best resources I know. I'm here to help.
Click the button below to schedule a free consultation call.