Revenew Practice Management

I think that not enough thought is given on ways of improving your profit margin. What are the things we need to monitor and work on to improve this profit margin? The answer in this new blog

https://revenew.ca/2024/03/05/file-preparation-write-downs/

File Preparation Write-Downs - RêveNew From time to time, I’m asked to make presentations on how to read financial statements and how to use them to increase profits. Most of what I present is extremely obvious and would hardly seem worth presenting. In short, here’s what I say. To increase profits, you need to: Tell me something I d...

Don’t fall into the trap of concentrating on increasing revenues rather than profits. Rather than increasing revenues via more clients, look at increasing revenues via prices.
https://revenew.ca/2024/02/12/increase-revenues-always-a-good-idea/

Increase revenues always a good idea? - RêveNew Most practitioners fall victim to concentrating too much on increasing revenues rather than profits. Yes, greater revenues will often result in greater profits but that is far from always being true. It is not uncommon to see practices, or any business for that matter, have continuous increases in r...

Anybody who’s had a successful business will agree that building a successful enterprise requires a tremendous amount of resilience. My recent struggles with my mental health have got me reading books and searching the internet a lot for information on how to build good mental resilience.

The Secret of Resilience - RêveNew Anybody who’s had a successful business will agree that building a successful enterprise requires a tremendous amount of resilience. My recent struggles with my mental health have got me reading books and searching the internet a lot for information on how to build good mental resilience.  And, o...