Ep #182: The Real Numbers Behind Practice Profitability, with Dr Simon Franks
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Ep #182: The Real Numbers Behind Practice Profitability, with Dr Simon Franks
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Julie sits down with Dr Simon Franks of Insight Dental Consulting, a dentist with 25 years in the industry and a growing side career pulling apart the numbers behind dental practice profitability.
After a failed attempt to buy up ten practices (COVID had other plans), Simon and his colleague Jeremy ended up assessing the financials of over a hundred dental businesses, and what they found was eye-opening. Fees have stayed flat against inflation for decades while wages, equipment and marketing costs have climbed, and even practices turning over a million dollars can leave an owner unable to take a day off.
Find out more about Simon's work at Insight Dental Consulting: https://insightdentalconsulting.com.au/
Interested in taking your personal, team, and dental practice to the next level? Contact Julie and Ameena today to explore the possibilities for growth and success!
Visit our website, Dental Business Mastery, at https://dentalbusinessmastery.com.au/, and book a complimentary, obligation-free Discovery Call to discuss your specific needs and goals. Schedule your call here: https://tidycal.com/3l298p1/30-minute-meeting
If you have any questions or would like more information, feel free to contact us via email at info@dentalbusinessmastery.com.au.