February 5, 2019
Should I Stop Doing My Payroll

Still Doing You Own Payroll? – Financially Simple Reasons to Stop

As a business owner, large or small, one of the biggest jobs you have in advancing your business is taking care of your employees. One of the ways you do that is by making sure paychecks end up in their hands or bank accounts when they are supposed to. For many small business owners, all too often that means you are relying on yourself to do the work of a bookkeeper. If that’s you, it’s time to stop doing your own payroll and hire someone… here’s why.
June 8, 2017
Business Mistakes Doctors Make

Small Business Tips for the Self-Employed in the Medical Field

In this article, I’m talking specifically to the dentists, the chiropractors, the veterinarians, the optometrists… all you doctors who own your own business. I’m going to call you the entrepreneurial doctor. You are smart; you have visions and aspirations to grow a grandiose practice. BUT, you’re not very good at the business side for the most part… Sorry, just the fact.
May 5, 2017
Business Mistakes Doctors Make

9 Business Mistakes Doctors Make in Their Practice

One niche of small businesses that I often advise is an “entrepreneurial doctor”. Those are the doctors that work outside of a hospital and aren’t W2 employees. They own their practice and can be dentists, veterinarians, optometrist, etc. Before coming to us there are a variety of business mistakes doctors often make when it comes to the business side of their vocation. These guys are brilliant doctors with varying designations, however, most don’t earn MBA’s on top of that. Business is often not an easy model for these educated folks to understand. In my consulting with them I have seen many, but here are the top nine business mistakes doctors make in their business models.
April 5, 2017
erasing mortgage debt

What Debt Should I Pay Off First? A Dentist’s Case Study

Hey, guys! This is Justin Goodbread with Financially Simple. So if there is one question I get quite frequently, it is, “What debt should I pay off first?” In fact this last week I had an entrepreneurial doctor in our office and he recently freed up about $1000 a month. Many people will say, “Use the debt snowball.” It’s a good idea. Some will say, “Knock out the highest interest first.” That’s a great idea and may work for you. Which of these two popular options, if any, will work best for him?
November 17, 2016
Business Mistakes Doctors Make

5 Key Financial Mistakes Made by Physicians

If you’re a physician, you were lucky enough to go to one of the best medical schools in the world because you live in the US and we boast some fantastic institutes. However, you may be wondering why you haven’t received much help when it comes to finances but this is why we are here today.