Podcast Episode #332: Barbara Stackhouse – Profit First for Dentists – How to Stop the Cash Flow Volatility
Episode #332: Dentist Freedom Blueprint Podcast
Barbara Stackhouse – Profit First for Dentists – How to Stop the Cash Flow Volatility
Our natural human behavior around money affects the decisions we make more than we think. Barbara Stackhouse is a mastery level profit-first certified advisor who has helped many dentists add thousands in revenue each month and boost profits by 5-10%. Today she joins the show to share her valuable insight and tricks for cutting expenses and increasing profit margins without compromising patient care.
Listen in to learn how to keep more money in your pockets so you can fulfill the dreams you have for your practice and for your family. Barb also shares what profit first is and how to get moving in the right direction to set up the core accounts for the profit-first plan.
Minute Markers:
2:04 – Barbara’s background in dental hygiene and how she helps dentists
3:58 – What profit first is and how she ended up getting involved.
9:55 – The life-changing effects of bank-balance accounting and what accounts to start with.
14:20 – Having the right perspective on income and bringing your spouse and team into the mix properly.
20:29 – The staffing predicament and how owners can explain the right economics to staff.
26:32 – How to start paying off debt.
Featured on the Show:
Barbara Stackhouse: Website | LinkedIn
ProfitFirstDentist.com
Profit First for Dentists by Barbara Stackhouse and Drew Hinrichs
Profit First by Mike Michalowicz
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.