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cover of episode My Overhead is 29%... Here's How I Do It

My Overhead is 29%... Here's How I Do It

2022/9/27
logo of podcast Brews and Tiny Teeth, The Unfiltered Pediatric Dentistry Podcast

Brews and Tiny Teeth, The Unfiltered Pediatric Dentistry Podcast

Shownotes Transcript

As the two year anniversary of opening my practice approaches, I thought it would be a fun exercise to go over my profit-and-loss statement from the last 12 months and breakdown my expenses. The average overhead in pediatric dentistry is around 50%, but I think we can do better. 

I've been able to run a very low overhead, lean office by keeping my expenses in check and doing many services myself. In this episode, I review some of the following that allow me to keep a sub-30% overhead:

  • How to calculate a true overhead (what do I include and what do I take out).
  • How being rural keeps my rent, staff salaries, and advertising budgets low
  • Bringing in more revenue is an easy way to lower overhead that doesn't involve cutting costs
  • Save money by doing your own bookkeeping, website, marketing, payroll, etc.
  • Where to shop for dental supplies, and why the big suppliers can eat into your profits.

I hope you enjoy this deep dive into practice numbers. Cheers!