In this episode, we’re diving into our 2025 game plan and sharing the lessons learned from a $10 million revenue increase in 2024. While we celebrated incredible growth, our profitability wasn’t where it should have been. This year, our mission is clear: build a stable, profitable company.
What You’ll Learn in This Episode:
- Revenue vs Profit: Why higher income doesn’t always translate to higher profit and the true cost of growth.
- Understanding EBITDA: The metric banks use to measure profitability and how it impacts borrowing power.
- Profit & Loss (P&L) Basics: A step-by-step look at tracking income, managing expenses, and uncovering opportunities for savings.
- Proven Strategies to Boost Profitability:
- Using data to maximize efficiency.
- Cutting overhead with simple hacks like re-negotiating supplier contracts.
- Patient retention strategies to combat rising acquisition costs.
- Encouraging organic growth by optimizing operations and case acceptance.
- Creating an ownership mentality.
Whether you’re running a dental practice or any other business, these lessons and strategies will help you achieve sustainable growth while maintaining profitability. Don’t forget to like, comment, and subscribe for more insights on leadership, business strategy, and profitability.
