Finance

Sally McKenzie is CEO of McKenzie Management, which offers educational and management products available at www.mckenziemgmt.com. Contact Ms. McKenzie directly at (877) 777-6151 or at sallymck@mckenziemgmt.com.

Articles

3 reasons your dental practice is drowning in overhead

With more than 20 years in the dental publishing industry, Kevin Henry has guided the leading publications in the industry, including serving as the former group editorial director for 

. He now works as the co-founder for IgniteDA, a community designed to empower, enlighten, and educate dental assistants, and as director of marketing for Fortune Management, a coaching community dedicated to help dentists and teams have extraordinary practices and lives. He can be reached at kevinhenry@fortunemgmt.com.

Bill and Carly are both in their early 60s. Bill is a diesel mechanic and Carly a dental hygienist. They have three children: Julie, age 29; Megan, age 26; and Samuel, age 24.  Julie just finished and MBA program after living at home while waitressing for five years after college. She has a local placement with a good salary, yet plans to live one more year at home while attacking $150,000 in student loans.

The savvy dental hygienist: 4 facts about the Bank of Mom and Dad

Bruce Bryen is a certified public accountant with over 45 years of experience and is a part of Baratz & Associates CPAs. He specializes in deferred compensation, such as retirement planning design; income and estate tax planning; determination of the proper organizational business structure; asset protection and structuring loan packages for presentation to financial institutions. He is experienced in providing litigation support services to dentists with Valuation and Expert Witness testimony in matrimonial and partnership dispute cases. He is also a financial writer for several dental journals. You may contact him at 609-502-0691 or at 

Special request dental practice valuations: Their purpose and their cost

Robert Elsenpeter is a freelance writer and frequent contributor to Dental Products Report and Dental Lab Products. He is also the author of 18 technology books, including the award-winning Green IT: Reduce Your Information System's Environmental Impact While Adding to the Bottom Line. As such, he’s particularly interested in the technological side of dentistry.

Benjamin Franklin famously opined, “A penny saved is a penny earned." And while that chestnut of wisdom is certainly true as a guiding philosophy for success in life, it can be taken too literally. What may seem like smart cost savings measures can take a more deleterious toll on the doctor’s practice than doing it the right way in the first place.

The 10 Worst Ways Dentists Try To Save Money

The savvy dentist: How to control and eliminate personal debt

Dr. Doug Carlsen retired at age 53 from a 25-year restorative practice. He never produced $1 million, yet was able to be financially free at an early age. Now he is sharing some of his secrets to financial success with you.  Psychotherapist Phil Tyson lists two factors involving the psychology of debt:

The savvy dental hygienist: How to manage and control personal debt

How the dentist can establish a personal budget in 5 minutes per month

Part 2: 20 steps to building wealth

Suzanne Rassy has 25 years of experience in the dental industry. Throughout the course of her career she has had the opportunity to work as a dental assistant, treatment plan coordinator, office manager, dental consultant and educator. In her capacity as the manager of education for Mercer Advisors, she led the team that launched a new service offering for dental clients and their teams. She has designed and delivered courses for dental team members and contributed to the development of the OnTrack software. She has also worked with the Canadian Dental Association, responsible for organizing dental conventions, and has offered her services and knowledge as a consultant for over 10 years.

How to improve your dental practice's economic growth

Dr. Doug Carlsen has talked to dental hygienists about their retirement number (and how to find it in less than 10 minutes) and managing personal finances.