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?”
The president of Burger King calls the president of McDonald's about getting together to talk about merging their restaurants. Does the president of McDonald's accept or not accept the call? Does the president of McDonald's want to know more about what the president of Burger King has in mind? Do they talk or do they not talk?
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This is a compounding rule applied to interest and used to determine how many years it takes for an investment to double in value in a tax deferred environment...
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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