How to craft effective Vision and Mission Statements

A well written Mission and Vision Statement will provide guidance and motivation to your employees. It will help to ensure your employee are working towards a common purpose. As an entrepreneur or business owner this common purpose is why you started the business in the first place. What is a Mission Statement? A mission statementContinue reading “How to craft effective Vision and Mission Statements”

Is Overseas Expansion Right for my Company?

Jeremy Gray Season 5 Show 2 IBGR.Network – PROFIT Radio. Everything a business owner needs to start, grow or exit a business. GROW WITH US. Is overseas expansion right for my company? Is it right for me? Country Profile – Bangladesh: Recently I joined a webinar hosted by Henley and Partners discussing opportunities for businessesContinue reading “Is Overseas Expansion Right for my Company?”

Dental Overheads and Profitability

“You cannot cost control your way to profitability” a business man I admired used to tell me. He was correct, cost control alone is not enough, but managing overheads can improve the profitability of a successful practice and buy time for a clinic that is struggling. Most dentists do not enjoy reviewing the P&L preparedContinue reading “Dental Overheads and Profitability”

Understand your most profitable procedures to improve earnings

Do you know which procedures make the most money for your clinic? You can probably make an educated guess: cosmetic dentistry, root canals, Invisalign but with some simple financial analysis you can identify, with certainty, where you make the most profit per hour. Restrictions imposed by governments to reduce the risk of spreading Covid-19, suchContinue reading “Understand your most profitable procedures to improve earnings”

Inventory Management For Dental Clinics

Procure to Pay (P2P) A dental clinic needs a lot of supplies to function but good inventory management is often neglected for the illusion of speed. All team members have access to the stockroom so they can take what is needed, when it is needed. Supplies used are often recorded on a paper system, proneContinue reading “Inventory Management For Dental Clinics”

Improve Dental Revenues using Key Performance Indicators

What gets measured gets attention. Most business leaders use Key Performance Indicators (KPIs) to track their business’s performance. It is almost universal because what gets measured gets attention, not only from leaders but also everyone else in the organisation. Communicating KPIs to your staff lets them know what is important to the success of yourContinue reading “Improve Dental Revenues using Key Performance Indicators”