Finance is a necessity to operating a successful business. To
make the best decision you must surround yourself with the best
information. Optimization and maximization of profits and
expenses is the key to a profitable business.
Do you know how many patients you have to see to break even?
Have you ever completed a Profit/Loss statement? These concepts
are not difficult with the proper processes and systems.
Finance Frustrations
I don't have enough money.
I can't pay my bills on time.
My suppliers will only sell to me C.O.D.
My customers don't pay their bills.
I can't afford to hire enough help.
I don't know how to set up my books
I can't afford any new equipment.
I don't like collecting money.
I can't afford to keep sufficient inventory.
Budgeting doesn't work for me.
My creditors don't understand my problems.
I don't know what records to keep.
Finance Systems
Define financial goals and create profit/loss documents.
Forecast income so you can assure timely payment of bills.
Prepare financial statements to set up credit relationships with
your suppliers.
Forecast future income and monitor expenses to evaluate your profit
status.
Evaluate overhead costs to determine if additional personnel is
feasible.