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- Title
Practice Success in Hard Times.
- Authors
McNulty, Mark
- Abstract
The article offers tips for dental practitioners on creating a solid financial plan in light of the economic downturn. Practitioners are advised to convert the expenses from last year's income statement into percentages of gross production. Guidelines for calculating what the practice needs to net are provided. Also presented is a retirement plan and practice succession plan created for a dentist and his family and ways to improve their personal cash flow.
- Subjects
FINANCIAL planning; DENTISTS; PRACTICE of dentistry; RECESSIONS; OPERATING costs; RETIREMENT planning; SUCCESSION planning; CASH flow
- Publication
Ontario Dentist, 2009, Vol 86, Issue 3, p32
- ISSN
0300-5275
- Publication type
Article