The biggest mistakes dentists make: Relying on your accountant for your vision and goals

August 24, 2015

te: Based on his extensive experience with dentists over the past 30 years, Dr. Roger P. Levin has authored a new book entitled The 31 Biggest Mistakes Dentists Make. His

 

 

Note: Based on his extensive experience with dentists over the past 30 years, Dr. Roger P.

Levin has authored a new book entitled The 31 Biggest Mistakes Dentists Make. His

premise is simple. As he says in the introduction, “we can learn from our mistakes. But

isn’t it better to learn from other people’s mistakes?”

 

Following is an excerpt from the forthcoming book.

 

Mistake #2: Relying on your accountant for your vision and goals

 

Why do dentists lean so heavily on their accountants to answer so many questions? Over

the years, I’ve realized that CPAs are the only people many dentists ever talk to about their

finances. The accountant provides a level of comfort, but using such an expert the right

way is essential.

 

You should seek counsel from a broad array of advisors, but first you need to create a

vision ― where you want the practice to be in 3 to 5 years ― and what goals should be

met along the way. Then you can have those evaluated not only by your accountant but

also by other experts who have dentistry-specific knowledge. Otherwise, the practice may

fail to reach its potential or, even worse, begin to decline on a consistent basis.

 

Note: Watch for The 31 Biggest Mistakes Dentists Make to be published this fall. To find

out if you’re making any mistakes and see how you can increase practice income by 30 to

50% in three years, call (888) 973-0000 or click here to learn about Levin Group’s Practice

Performance Analysis™.

 

 

More to read from Dr. Levin...

The biggest mistake dentists make: Ignoring dentistry's best models

7 steps to improving leadership in the dental practice

4 steps to greater case acceptance in your practice