Posts by Ed Gabriel
Paying Off Dental School Debt: The Education Loan Reduction Fringe Benefit
Introduction Most associate dentists face the reality and burden of dealing with dental school debt. It can be significantly challenging, expensive, and complex to navigate. The federal government has introduced two provisions to help alleviate the financial burden of student loan debt. This includes dental professionals who have taken undergraduate or graduate-level courses. The provisions…
Read MoreDental Practice Accounting: The Dental Profit Equation
Introduction In the fast-evolving dental industry, dental practice analytics are more important than ever before. By focusing on specific aspects of your operations and production, you can find new ways to grow your practice profitability. By reviewing your practice data, including the number of visits, production per visit, collection percentage, and overhead expenses, you can…
Read MoreFinancial KPIs And Metrics For Dentists
Financial KPIs are the foundation of business success for dental practices. By setting and tracking specific accounting metrics and values, you can ensure that your business is continually achieving its objectives. In this article, we explore essential accounting KPIs and metrics that every dentist should track to maximize their business’s financial success. 1. Net Profit…
Read MoreNew Year Resolutions: 15 Dental Goals For Financial Success
As a dentist, the start of a new year is the perfect time to set specific resolutions and dental goals to enhance both your professional practice and your personal wellbeing. It’s also a great time to reflect on what worked well in the previous year, and what didn’t. That way you can keep building on…
Read MoreAccounting For Dentists – Recommendations For Dental Practice Accounting
There are many facets of dental practice accounting. It requires a review of your historical and current financial data, a detailed plan of objectives and goals, and a strategic accounting budget. A well-crafted budget serves as a roadmap for business success, allowing you to allocate resources efficiently and understand the sales and expense targets needed…
Read MoreWhy Tax Planning Services & Tax Planning Strategies Are Essential
Introduction Tax planning services are a critical component of financial management. Tax planning plays a pivotal role in helping individuals and businesses minimize their tax liabilities. Effective tax planning not only saves you money, but also helps you reach your financial goals faster. In this article, we explore the world of tax planning and financial…
Read MoreCalculating How Much To Save For Retirement – The Profit First Method
When it comes to securing your financial future, few things are as critical as planning for retirement. As a business owner or high-net-worth individual, you’ve worked hard to build your wealth, and now it’s time to ensure a smooth and successful retirement. But the big question remains: Do you know how much to save for…
Read MoreDental Financial Planning: How To Prepare For Retirement
Introduction As a dentist, you face unique financial challenges in your profession. Thankfully, all of these challenges can be overcome with effective dental financial planning. While you dedicate your days to improving the oral health of your patients, it’s crucial to secure your own financial well-being, especially when it comes to preparing for retirement. In…
Read MorePreparing For Retirement: Essential Tips for Dentists
Introduction As a dental practice owner, you’ve worked hard to build a successful, thriving business. That’s why it’s important to take care of your financial health, especially when it comes to preparing for retirement. In this blog post, we’ll provide essential tips and strategies to help you achieve a financially abundant retirement. We’ll explore saving…
Read MoreSelling a Dental Practice: How to Prepare Your Dental Practice for Sale
Introduction As a dental practice owner, there comes a time when you may be contemplating the next step in your professional journey. Whether it’s retirement, a career change, or a desire to pursue other ventures, the decision to sell your dental practice is a significant one. When selling a dental practice, it is important…
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