Way back in 1748 in his essay “Advice to a Young Tradesman,” Benjamin Franklin made the statement Time is Money. This is still as true today as it was nearly 300 years ago.
As a dentist you are constantly aware of the fact that time is money, the efficiency of your schedule, the hygiene department, and your own time spent on each procedure affect your profitability. Have you ever taken a moment to assess just what your time is worth? Not just to your practice but to you personally? Whatever that value is, you need to be sure that the things you are spending your time on are giving you an appropriate ROI.
With this in mind, is it the best use of your time to manage the day to day financials of your practice? Especially when you are actually taking time from your family and when you should be resting, not still working? What would your practice look like if the time you use fighting the financials was time with your family or time learning a new dental technique? Isn’t that a better use of your time?
This blog is about your time and ways to use it better when it comes to your practice financials. We will do our best to keep in mind that your time is money and we won’t waste it with information that isn’t helpful so you can make your practice as profitable as it can be.
BLBK Solutions LLC, is a profit advising and bookkeeping firm that focuses on the dental industry.