Note: This seminar is for MGE Power Clients only and can be attended in person (at MGE’s Florida office) or online via live stream.
Competent financial management is integral to both profitability and practice growth. As the first of four Executive Seminars on the MGE Power Program, we jump right into this subject to ensure you’re set up right from an early point in the program.
At the Financial Planning and Profitability Seminar we’ll cover:
1) Overhead Management: How to correctly (and quickly) determine your exact overhead. In many cases, overhead is miscalculated (usually underestimated) by not factoring in any number of expenses. We’ll show you how to zero in on that exact overhead number, what your overhead should be by category, and how to account for additional expenses related to expansion.
2) Spending More than You Make: Are you spending more than you make? We’ll show you how to handle this, NOW so as to stop your cash burn and make a turn towards profitability.
3) Handling Out of Control Overhead Categories: Most overhead issues for dentists derive from five expense categories. We’ll cover these categories and teach you exactly how to get them under control.
4) Budgets: learn how to develop budgets for specific office overhead categories, issue these to your team and ensure they stay “under budget.”
5) Financial Management: Learn how to manage your finances in such a way as to create a surplus increase profitability and get out of DEBT!
6) Bonus Systems: Bonus systems are a wonderful way to create an incentive for practice growth. We’ll show you exactly how to create one for your practice and help to motivate your team!
7) Increasing Productivity: Learn several key procedures to implement in your practice to maximize productivity and efficiency for every member of your team!
8) Attitude: What’s the “winning” attitude to have that contributes to financial success? And how can you ensure that once you’ve adopted this attitude that it stays that way? We’ll cover this in detail.
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