It would be wonderful if we could all go through life completely free of debt. There are a fortunate few who are born into wealth and have enough money to provide for themselves and go through life free of debt. Then there are the rest of us who face debt as a fact of everyday life (something you learn to contend with, live with, and yes, for many of us, die with it). Unfortunately, it’s even something we can pass on to our children someday. If you are already wealthy, then you may want to read
Since you are reading this article, it's safe to assume that you have a pretty successful practice. You are probably in your mid-to-late thirties or forties, and your practice is grossing in the mid-six figures. You should be feeling pretty secure, comfortable and pleased by your success. Maybe, however, you are wondering “So, what's next?”
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Clinical supply expenses indicate good business acumen or sloppy oversight...
Office rent should be in the area of 4% of gross practice gross revenues...
When you recognize the clinical and management compensation as an overhead expense, the overhead percentage should be 80% to 85% of annual gross collections for a well run general dental practice.
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