Four Quadrants Advisory
Four Quadrants Advisory
We dive deep into dentists' finances - both practice and personal - and build a custom plan to take them to the next level, then help execute it completely. We've got the multimillion dollar secret for dentists.
Brogan Baxter

How Your Practice Can Survive a Few Slow Months

How Your Practice Can Survive a Few Slow Months

3/28/2014 6:48:18 AM   |   Comments: 0   |   Views: 2069
Here's my latest post for the Four Quadrants Advisory™ blog.

Put simply, the secret to making it through slow times as a dentist is great planning. If you have a good idea of what’s coming, and you have a plan in place to deal with it, you’ll be able to get through short periods of low production with relatively low financial impact.

Your most potent weapon is thorough information on historical financial trends for your practice. Four years of data or more will get you the best results but use what you have. This will give you a good idea of when production drops tend to happen, and will help you determine why. For example, if your practice is located in a vacation area and you tend to have less production in the summer months, you can safely bet that’s going to be a trend. You’ll be able to plan for that drop occurring on a yearly basis.

There are a few ways you can use that information...

For the conclusion of this post, and more on how to get your dental practice's finances on the right track, visit Four Quadrants Advisory.
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