Finance Course 1: How to Accurately Determine Your Overhead
The first step to improving profitability is knowing how much you are actually spending and how much this leaves as profit. Waiting till the end of the quarter or year to see a Profit & Loss Statement from your accountant just doesn't work because a) it leaves out important figures you need to know, b) by the time you see this statement, it's too late to do anything about it, and c) you can't do any planning or adjusting in real-time throughout the month/year.
So, in this course, we give you a structured way to calculate your overhead on a continuing basis, so you can easily get a clear view of your expenses and keep spending under control.
Objectives:
- Break down each category of expense.
- Calculate your true overhead.
- Compare your income to outgo to evaluate your practice's financial viability.
1.5 CE Hours
Your Instructor
Jeff Blumberg is one of the most experienced and trusted voices in dental practice management. As Chief Operating Officer of MGE: Management Experts, he’s been instrumental in growing the company by over 600%—making it the largest dental practice training organization in North America.
Jeff is also the creator of DDS Success, a groundbreaking online training platform that brings MGE’s proven systems to dental teams across the U.S. From concept to execution, he led the development of the platform to meet the demand for scalable, on-demand staff training.
Over the past two decades, Jeff has lectured to more than 100,000 dental professionals and their teams, known for his clear, practical, and entertaining approach to business strategy. He’s helped build training programs that deliver real, measurable results—contributing to MGE clients’ average 232% growth over five years.
Course Curriculum
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StartHow to Accurately Determine & Manage Your Overhead (6:01)
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StartOverhead, Budget, Profit and Loss (4:45)
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StartOverhead & Expense Worksheet (5:01)
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StartProperty Rent & Mortgage Expenses (8:14)
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StartLeases - Equipment & Other, Loans & Lines of Credit (5:42)
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StartCredit Cards (3:18)
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StartInsurance Coverage (3:25)
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StartOutside Services (3:12)
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StartUtilities & Services, Phones, Dues - Professional Associations & Societies (3:17)
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StartLicensing, Subscriptions & Recurring Payments (5:06)
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StartStaff Payroll Expenses (7:19)
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StartStaff Payroll Related Taxes (11:18)
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StartAssociate Payroll Expense (5:02)
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StartOwner/Doctor Compensation (3:11)
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StartPension/Retirement Plan Contributions (2:13)
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StartAdvertising (8:36)
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StartPublic Relations & Promotions, Continuing Education (3:07)
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StartOffice Expenses (1:47)
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StartBusiness Related Taxes (1:57)
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StartMedical/Dental Supplies, Lab Expenses (2:15)
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StartClear Aligner Lab Expenses, Back Bills, Expenses: Other (2:50)
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StartSummary: Your Overhead (1:32)