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Articles

Keeping Your Attention  on Your Business Finances

Keeping Your Attention on Your Business Finances

If you have ever been to the mall with a toddler, you know they require constant attention. The moment you take your attention off the child to look at some clothes or thumb through a magazine, there is a good chance they could be 100 yards away petting a stuffed...

What’s Your View?

What’s Your View?

I read an anonymous quote the other day that said, “After climbing the mountain, you can finally enjoy the view.” Then I started to think about how building and running a practice is a lot like climbing a mountain: sometimes it’s an easy hike up a gentle slope and...

10 Reasons Why Practice Owners Are in a Financial Crisis

10 Reasons Why Practice Owners Are in a Financial Crisis

Most practice owners are in a financial crisis. Crisis is a strong word. It is defined as a “time of intense difficulty, trouble, or danger.” Examples of this would be a drug crisis, a drought crisis, a food crisis, or some kind of health crisis. It is a word that...

The Financial “Opportunity Trap”

The Financial “Opportunity Trap”

One’s journey to become financially independent is never a straight line upward. There are hills and valleys, successes and failures, and obstacles that seem like they can never be conquered. However, there is one thing I see happen that can put a business owner or...

The Practice Owner’s Financial Sweet Spot

The Practice Owner’s Financial Sweet Spot

If you listen to a professional athlete, they talk about their “sweet spot” when it comes to a particular sport. For them, it’s a certain point on their racket, bat, or club which makes the most effective contact with the ball and delivers the best results. For...

Celebrate Your Financial Victories

Celebrate Your Financial Victories

When I was growing up, the Chicago Bulls and New York Yankees were the kings of sports.  While I admired how hard they worked to get to the top, one of the most overlooked actions they took every time they won a big series or a championship was just how much they...

How to Be an “ACE” With Money

How to Be an “ACE” With Money

If you ever wanted to study the subject of money, then one needs to go no further than Las Vegas. The people who run this town know EXACTLY the basic principles one needs to know to win the game—literally and figuratively. In 2017 it is reported that casinos in Vegas...

The Cost of Making a Financial Decision During Burnout

The Cost of Making a Financial Decision During Burnout

I am about to tell you a story of just how costly it can be to make a financial decision when you are emotionally “burned out,” exasperated, and fed up. SO PAY ATTENTION. Let me tell you about Dr. D. I would put her in the top percentile of practice owners I’ve...

Avoiding “RBMs” – 4 Simple Rules

Avoiding “RBMs” – 4 Simple Rules

Tell me if you have heard this story: Business owner has 4 good months where cash flow is good, bills are getting paid, creditors are not calling, a little bit of money is accumulating in the checking account and everything at the practice seems to be calm. Then it...