It is often easier to explain difficult financial concepts using videos over words alone. Join us as we try to make your world financially simple.

January 28, 2019

How to Manage a Sales Team Using the T.E.A.M. Approach

You didn’t get where you are as a business owner by yourself. You must allow your teams, like your salespeople, to do what they are good at doing in order to grow your business. But relying on your staff does not mean “set and forget.” You must know how to manage your sales team. When you’re trying to generate leads and make sales, I recommend that you manage them using a system like the T. E. A. M. approach as the starting point to creating your best-in-class sales force.
November 8, 2018

Should You Buy A Second Dental Practice? 4 Steps to Take Before You Do

You’re a dentist who owns and manages a successful practice. Your business is profitable, AND it provides you with a suitable and sustainable income. It’s thriving. But perhaps, you’re too busy. Your schedule is so full that you’re considering opening up another dental practice to handle your primary practice’s overflow. Or, you’ve developed an acumen for business over the years and want to invest in an additional dental practice. As you’re analyzing your options, there are certain steps you can take to determine whether or not you’re making a good decision. 
August 16, 2018

Five Steps Required to Build a Strong Business Budget for Your Startup

When you set out to become a business owner, I highly doubt you ever thought you’d consider giving up; yet, every day small businesses fail. While I can’t prove this, my personal opinion about why so many businesses collapse has a lot to do with the lack of a certain “B” word I’ve talked about repeatedly here at Financially Simple—budget. Yes, you read that right. I believe one of the greatest failures new small business owners make is failing to build a business budget.
August 9, 2018

Which Retirement Plan Should You Offer Employees?

As a small business owner, I understand the desire and importance of taking care of your employees. The task of providing for your family and your employees’ families can be daunting. You can do both! However, providing retirement plans for employees requires us to be very cost-conscience. This attention to cost needs to be a driving force when looking at the different plans, but not the only consideration.
July 26, 2018

6 Goals Needed for Turning Your Side Hustle Into Your Full-time Job

You have been doing some work outside the office, and you really enjoy it. So much so that it has you wondering if it can become more than just the source of a little extra spending money. But what is required to turn your side hustle into your full-time job? We will look at goals that could lead you to the career you’ve always dreamed of.
July 12, 2018

Thinking of Buying a Dental Practice? Why the Bank Won’t Loan You The Money

Many entrepreneurs need funding to start a business or grow their business and these folks often turn to banks for financing. Many times, however, the bank will reject your application. Yes, completing a loan application for your company is just one step in the process of acquiring money for a dental practice. However, actually securing the financing may take more work than you realize.
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