Every Monday, Nikki Berryman – licensed Practice Management Consultant for Laura Horton Consulting – posts about her current plans and experiences as the Business Development Manager for Pure Dental Health in Cornwall.
‘This last week has been so busy here at Pure Dental which is great. But it has left very little time for me to concentrate on my weekly tasks. However, this week I have been reviewing my financial management systems.
This includes preparing my cash-flow forecasts and budgets for 2012. I analysed and reviewed my spreadsheets from 2011 in order to predict expenditure for 2012 – looking at % increases/decreases in overheads, ADG (average daily gross) from each surgery, amount of clinical hours, days available for each surgery this year.
Again, robust financial systems and good record keeping ensure that I can carry out this task in a matter of hours.
Now, more than ever, it is so important to ‘know your numbers’ – financial control is vital. How can you make decisions as to how to develop your business if you don’t know or understand your financial commitments?
Have a great week everyone!’