Our natural human behavior around money affects the decisions we make more than we think. Barbara Stackhouse is a mastery level profit-first certified advisor who has helped many dentists add thousands in revenue each month and boost profits by 5-10%. Today she joins the show to share her valuable insight and tricks for cutting expenses and increasing profit margins without compromising patient care.
Listen in to learn how to keep more money in your pockets so you can fulfill the dreams you have for your practice and for your family. Barb also shares what profit first is and how to get moving in the right direction to set up the core accounts for the profit-first plan.
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- 2:04 – Barbara’s background in dental hygiene and how she helps dentists
- 3:58 – What profit first is and how she ended up getting involved.
- 9:55 – The life-changing effects of bank-balance accounting and what accounts to start with.
- 14:20 – Having the right perspective on income and bringing your spouse and team into the mix properly.
- 20:29 – The staffing predicament and how owners can explain the right economics to staff.
- 26:32 – How to start paying off debt.
Featured on the Show:
- Barbara Stackhouse: Website | LinkedIn
- Profit First for Dentists by Barbara Stackhouse and Drew Hinrichs
- Profit First by Mike Michalowicz
Watch full length Interviews on video!
Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with Me:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital, then click the link to schedule a quick call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to schedule a call with me directly. www.freedomfounders.com/
2. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/
3. Ready to Step Away?
“How Much is Enough?” This simple question keeps hard-working professionals at the hamster wheel of active income far longer than they need to be. Watch this free training, and discover a proven model for determining how much you really need before hanging up the handpiece! www.freedomfounders.com/
4. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (3-5 years or less), visit www.freedomfounders.com/step-1 to apply for a guest seat.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
Get the Full Episode Transcript: