DSO CFO

🦷💰 Be cautious when selecting your Dental Practice KPIs. In my experience, dentists/practice owners tend to choose too many. You only need a few. If you move in all directions simultaneously, you stay in the same place. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

Tracking your numbers + Experience + Good Intuition + The right mentors = Successful Dental Practice #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Your financial plan & budget will never be 100% correct. Don't overthink it. The goal is not to make it right but to use it as guidance. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💰 Every CFO is different, it generally depends on the needs of your practice or group. However, these are generally the responsibilities they share: - Strategic Finance (investments, product pricing, forecasting, etc.) - Cash flow management - Financial problem solving - Lead M&A transactions - Coordination with the front desk & operations #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💼 The undisputed #1 dental practice killer is poor cash management. 5 Common Mistakes to Avoid: 1. No emergency fund 2. Ignoring seasonality 3. Trying to "DIY" your finances 4. Losing money to get new patients/sales 5. Not understanding working capital #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💼 I can't emphasize enough the importance of building a cash forecast that projects monthly burn over the next 12-18 months. Good, viable practices can & will close their doors in this environment when it could have been avoidable. Know your cash balance & runway cold. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💼 If you don't have a cash forecast for your practice(s), you're doing yourself a massive disservice, especially in todays environment. What's your cash runway? How much can you afford to invest in customer acquisition? Do you need to raise capital? If so, when & how much? A good cash forecast can help you answer these questions & so much more. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💼 Never assume that Revenue = Success Plenty of businesses, let alone dental practices, boast about their big revenue numbers but have poor margins. When hard times come, margins allow you to absorb shocks while your revenue starts to dip. As the common saying goes, "Revenue is vanity, Profit is Sanity, & Cash is King". #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💼 Friendly Reminder: Profit is an accounting measure - It doesn't tell you how much money actually came into your practices. Cash will always be king --> Adding a Cash Position to your scorecard is critical when taking the pulse on your practices. #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso

🦷💼 A simple way to understand financial statements: A Balance Sheet is a picture --> It shows you financial details for a period of time A P&L is a video --> It shows you a story about the financial details for a period of time The Statement of Cash Flow --> Shows if you're winning or not #dentalgroup #dentalgrouppractice #groupdentistry #dentalindustry #groupdentistrynow #groupdental #dentistry #dentist #patientrecruitment #patientexperience #dental #dentalpractice #dentalpracticemanagement #mergersandacquisitions #dentalpracticesolutions #dentaltechnology #DSOs #dentalcare #healthcare #dso