FinanceInflation ConsiderationsIf your pricing strategy is tied to inflation, then yes, a greater increase is needed now to counteract rising costs. Practice ManagementWho’s Your Go-to Person?Practice managers should be encouraged to put their hard-earned skills to work.FinanceUnpleasant ConsequencesIf you want the best price for your practice, it must be profitable without you. Practice ManagementHow Average Are You?Don’t automatically fear the worst if your practice defies industry benchmarks. You might have good reason to be where you are.Practice OwnershipYour Ownership ChoicesSingle-doctor practices aren’t corporate magnets. Consolidators are more interested in larger, multidoctor practices.FinanceHow to Account for Your COGSA chart of accounts is a framework for financial statements, similar to how the skeletal system is a framework for the body.Practice OwnershipOwnership Is a Great IdeaAs a practice owner, you choose the equipment to buy, the hours the clinic is open, the philosophy or style of practice, the mission and the core values.Practice OwnershipKnow When to Walk AwayReputable consolidators want you to feel good about the offer. They will not balk when you need to confer.FinanceHow Much Profit Is Enough?How you spend excess money is your decision, not your adviser’s, but make sure you set goals and have a path to attain them.FinanceThe Whole PictureA cash stockpile can leave you with a false sense of security if you fail to scrutinize all the systems that keep your practice humming.Page 1 of 3123