What is a Dental CFO and Why Do I Need One?
Thursday, January 3, 2019. 9:59 AM
Start simple: Tell me what a CFO is.
CFO stands for chief financial officer. They're accountants that have the big picture in mind. Their job is to help companies reach their long-term financial goals. A CFO can look at what revenue a company is bringing in versus costs and propose changes to increase profit. Their job can be long and taxing because it requires constant vigilance and a lot of foresight. A good CFO will make you much more money than you ever spend on them.
Is a CPA different from a CFO?
Alright that helped. Now what's a dental CFO?
Can't I just use a regular CFO?
Of course! Some dental practices use a regular CFO and get along alright. The biggest difference you'll find is in foresight. A regular CFO will only be able to spot problems and recommend changes after you've lost money. A dental CFO can start you off right. They can create a strategized financial plan with you that will ensure that you're spending the right amount on your business expenses and charging the right amount for services. They can help make you money as soon as possible.
Ok I'm convinced I need one. How do I find a good dental CFO?
I'm so glad you asked! If you'd like a free consultation with a talented and passionate dental CFO simply email firstname.lastname@example.org. Find out for yourself how much a dental CFO can do for your dental practice. With their help, you can make the money you always dreamed of in dental school.