Summary: We know that when you see an x-ray or scan you can see what needs to be fixed and what is exactly where it needs to be. It's what you do and what you breathe. We also know, that it's likely that if someone mentions a Profit and Loss your first response is...huh? Even if you know what the P&L is and what you MIGHT need to look for you likely are still a bit hesitant.... How much did the owner really earn? What costs will change if I grow? What is the real overhead? What costs are too big - which ones are too small? In this episode, we break down the profit and loss for a little 101 basics - the important stuff that you NEED to know whether you are buying a practice now or in the future. We give you the tools to look at the financial side of your soon to be business (or new business) with a bit more confidence. Listen in!
