Dental Success Blog
Dental Success Blog
Dr. Mark Costes is a full time practicing dentist who was able to build six successful dental practices in his first seven years in the profession. He is the founder of the Dental Success Institute as well as the Horizon Schools of Dental Assisting.
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067: Real World Practice Growth, Dr. Mark Costes

7/29/2016 10:18:27 AM   |   Comments: 0   |   Views: 212

067: Real World Practice Growth, Dr. Mark Costes


Practice Growth

 

 

mark-costesWelcome to another episode of The Dentalpreneur Podcast. On today’s episode I want to share some of the finer points of a presentation I gave at last month’s Elite Practice Mastermind Meeting in Portland, OR.

My experience as a consultant and business coach has been that many dentists are not aware of what they are truly spending. The common areas of neglect are expense categories, overhead and cash flow.

Today I share the basics of the concept we use called “The Phases of Practice Growth.” In Phase I, I share how our team of consultants and financial analysts focus on creating a formula of 30% for payroll, 30% for all other expenses, 30% for doctor salaries and 10% for profit.

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