About this Episode
Thank you to everyone that donated to our Race for the Future 10 triathlon. This was the biggest one yet in terms of money brought in. All of this money goes right back in to our industry and remember you can give all year long!
https://dentallabfoundation.org/
Sometimes the business part of the lab is not the most exciting. But honestly, it's super important for everyone to understand in order for a lab (or any business) to be successful. The thinking that more units equal more profit is just not true. The one to help your lab is David Lesh from 8&9 Consulting. David is back on for a third time and now he is sharing the secrets of the financials that labs need to be profitable. David emphasizes that if you're not growing profitable sales, you're merely exhausting your resources without reaping the rewards. He also shares practical tips on how to reduce COGS and set key performance indicators (KPIs) to track and improve financial performance and a unique approach to setting prices based on turnaround times, which can significantly increase the average selling price and overall profitability.
A lot of financial terms are used, so luckily David takes the time to explain to Elvis like a 3rd grader.
Get the Dental Lab Growth Calculator TODAY: https://www.8and9consulting.com/contact-us