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?
Most doctors will practice an average of 35 years. The number of years a doctor ultimately practices, multiplied by the income he or she earns over that period, equals Lifetime Income. A doctor’s Lifetime Income will be greatly affected by career decisions that may include buying a practice, joining a practice as an associate, or for those real risk-takers, starting a new practice from scratch. But are all of these career choices equally wise? Which has the greatest impact on the doctor's Lif
There is an old maxim, “If you fail to plan, you plan to fail.” No one knows just how long they will practice dentistry. It could be one year, ten years or fifty years, no one knows. A normal practice lifetime for a dentist is usually around thirty to thirty-five years, and we each like to think that this applies to ourselves. However, the vicissitudes of life are such that no one would even try to predict this; we just have to leave things to fate. We can’t do anything about the number of years
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The lower the current AAPPP is for a general dental practice, the better the potential growth exists for this practice...
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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