As dentists, we are more likely to spend our time working on the best way to deal with periodontal disease than working on our finances.
And yet, that is one of the biggest (if not the biggest) mistakes you could make as a dental professional and business owner.
Yes, we haven’t studied finances and we’re not trained for all the difficult parts of accounting, but keeping an eye on the financial situation of your dental clinic is a must if you want to make maximum profit.
Lucky for you, you don’t have to do that yourself!
Instead you can hire a CFO or an accountant, or, even better, hire both!
If this is all a bit too complicated for you, then you’re in luck, because it’s exactly what I’ll be discussing with this week’s guest on the podcast, the brilliant Jessica Nunn.
Jessica is the founder and CEO of Maven Financial Partners. Her job is all about helping business owners increase their financial awareness.
Over the course of her career, Jessica has built trust with her clients by making the complex simple. She always delivers financial solutions that are meaningful and advice that is relevant to her clients’ lives and businesses.
At Maven, Jessica serves small business owners in many sectors, including dental, aesthetics, law, marketing, construction, and more.
Today, Jessica is here to discuss how and why you should look at your finances, the difference between a CFO and an accountant, and why you might need to hire both.
Are you ready?
Let’s dive in.
Key Takeaways:
Introduction (00:00)
Meet Jessica (01:43)
The current financial trends in the dental industry (06:31)
The golden number for overhead (09:55)
KPIs you need to understand for healthy finances (18:03)
The biggest challenges in the dental industry (21:32)
Time for our Q&A (26:47)
Additional Resources:
Learn more about Maven Financial Partners:
Instagram: https://www.instagram.com/mavenfinancial/
Facebook: https://www.facebook.com/mavenfp/
LinkedIn: https://www.linkedin.com/company/maven-financial-partners/
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This podcast is sponsored by Dental Intelligence. Learn more at: https://www.dentalintel.com/
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