ABSTRACT

Generally, physicians are the type of people either fascinated with numbers or daunted by them. Many small business owners are in these two camps. The numbers in financial reports reflect past decisions but are not the decisions themselves. They are the effect of the decisions. If you can forecast how much money you will make each month in medical services, concierge membership fees, and product sales (if any), you will be able to produce a budget that tells you how much you will be able to spend on rent, staff salaries and your own salary, equipment, and other business expenses for your practice.