770: Dental Overhead Essentials: 2 Aspects You Can't Ignore – Christina ByrneIf you want to make smart business decisions, there's one important thing you need to know. Overhead is the key, and Kirk Behrendt brings back Christina Byrne, ACT’s director of operations and amazing coach, with a framework to help you think better about overhead and maximize profit. Start seeing where your money is going! To learn the best way to track and manage overhead, listen to Episode 770 of The Best Practices Show!Learn More About Christina:Send Christina an email: [email protected] Send Gina an email for ACT’s Roadmap to Practice Profitability and How Money Flows Through Your Business Using Your Three Financial Statements: [email protected] Learn More About ACT Dental:ACT’s website: https://www.actdental.comACT’s Instagram: https://www.instagram.com/actdentalACT’s YouTube: https://www.youtube.com/actdentalACT’s Facebook: https://www.facebook.com/actdentalACT’s LinkedIn: https://www.linkedin.com/company/3137520/admin/feed/posts/ACT’s Twitter: https://twitter.com/actdentalMore Helpful Links for a Better Practice & a Better Life:Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listenJoin The Best Practices Association: https://www.actdental.com/bpaJoin ACT’s To The Top Study Club: https://www.actdental.com/tttSee the ACT Dental/BPA Live Event Schedule: https://www.actdental.com/eventGet The Best Practices Magazine for free: https://www.actdental.com/magazinePlease leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218Main Takeaways:Knowing your overhead gives you more margin.Understand what your fixed and variable expenses are.Don't make big decisions without understanding overhead.Collecting more is the ultimate way to reduce your overhead.Be sure to also track your elective write-offs. They can add up.Create a budget for dental supplies, then entrust it to your team.Have a system for repairs and maintenance that involves your team.Give ownership to your team to ask about negotiating a lower lab fee.Quotes:“Every decision you make has to be made from a point of knowledge and understanding. If you don't...

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