T-bone Speaks Dentistry

During this crisis, your practice is shut down, you can’t go anywhere, and the most productive part of your day is when you browse your phone to see when the lockdown will be lifted. You can do all that or, if you’re like me, you can also try to review your business finances and see where you can try to save more money. More importantly, how to better be prepared should something similar happen again.    How do you calculate for your emergency fund? How much should you have for your business and for yourself? How can you determine if you’re overspending?   In today’s episode, I discuss the factors you have to consider when you account for your business’s overall finances. I explain how you can plan for the right amount of emergency fund, how much you should have for your business and the tools you can use to keep track of your spending. I describe the plans I put in place before this crisis happened and what I will try to implement moving forward. I also discuss loans, paying them early, and wh