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PracticeCFO is committed to providing customized financial advice to dental practices and their owners. Below are our recent posts designed to keep you in-the-know.
How AI Is Changing the Way Patients Find Your Dental Practice
It used to be simple. A patient Googled "dentist near me," clicked the first result, and called. That world is changing — and it's changing fast. According to Michael Anderson of Wonderist Agency — one of the country's largest dental marketing firms — search behavior has shifted in a way the industry has never seen […]
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Knowledge, Intelligence, and Wisdom: Why the Best Advisors Will Always Beat AI
Everybody's asking the same question: in a world where AI can instantly answer almost any question, what's the value of a human advisor? It's a fair question. And it deserves a real answer. In Episode 159 of The Dental Boardroom Podcast, host Wes shared a framework from Lawrence Ford's book The End of Work: Reclaiming […]
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The 5 Wealth Types Scorecard: A Practical Framework for Dental Practice Owners
Most dental practice owners have a financial scoreboard. They know their collections number. They track their overhead percentage. They watch their net worth grow. They have a retirement account balance they check quarterly and a practice valuation they could estimate within a reasonable range. This scoreboard is useful. It is not sufficient. "Your net worth […]
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There's Always a Bigger Boat: How Comparison Is Quietly Destroying Your Happiness
A man sells his manufacturing business for $100 million. He rents a yacht to celebrate, invites his closest friends, and they gather at the dock. By almost any measure, this is a moment of genuine triumph — the kind of outcome that represents decades of work, sacrifice, and commitment. As his friends board the yacht, […]
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The Pyrrhic Victory: When Winning in Your Dental Practice Means Losing in Your Life
In 280 BC, a Greek king named Pyrrhus received a request for military support from a southern Italian city-state called Tarentum. Tarentum was at war with the Roman Republic, and Pyrrhus — one of the most powerful military commanders of his era — agreed to help. He won. But the cost was catastrophic. His army […]
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The 15 Times Math: What Every Busy Dentist Needs to Calculate Tonight
A young hedge fund manager is having dinner with an old friend. The friend asks how he's doing, and he answers the way most high achievers answer: busy. Really busy. Building something. Making good money. Winning by every measure that has ever been put in front of him. Then the friend asks a different question. […]
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The Arrival Fallacy: Why Hitting Your Practice Goals Won't Make You Happy
You've probably felt it. You hit the number — the revenue goal, the paid-off loan, the second location, the whatever-it-was you'd been working toward for years. And for a moment, it felt the way you thought it would. Relief. Pride. The satisfaction of having done the hard thing. And then, faster than you expected, something […]
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The 5 Types of Wealth: Why Successful Dentists Still Feel Like Something Is Missing
There is a specific kind of conversation that Wes Read, CPA, CFP, and founder of Practice CFO, has had dozens of times with dental practice owner clients. The numbers are good. Collections are up. The overhead is under control. The retirement account is funded. The loan is paid down. Every financial metric they came in […]
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What Is Enough? The Money Psychology That Keeps Dentists Either Broke or Burned Out
At a party on Shelter Island, the author Kurt Vonnegut told his friend Joseph Heller — who wrote Catch-22 — that the hedge fund manager hosting them had made more money in a single day than Catch-22 had earned in its entire history. Heller's response: "Yes, but I have something he will never have — […]
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Disclaimer: The marketing materials presented on this website include testimonials that serve as reviews of PracticeCFO Investments’s products and services. PracticeCFO Investments does not compensate clients for reviews or testimonials, and PracticeCFO Investments does not provide anything of value in exchange for these reviews. PracticeCFO Investments has determined that there are no material conflicts of interest between the firm and the participant, and PracticeCFO Investments has not influenced the statement made by the client(s) appearing on this website.
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