
|Articles|November 9, 2015
Team training tool: Financial worksheet for understanding practice expenses and revenue (Sponsored by Nationwide)
Use this tool to help all of your team members understand your practices expenses and work to improve revenue.
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For every dollar that comes into your practice, about 10 cents is left over after your practice pays all normal and necessary expenses. That 10 cents pays for everything else-new equipment, hiring of more team members, raises, upgrades to the building, and more. There are two ways to improve profit: increase revenue and reduce expenses.
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