Avoid Budget Woes

The end of the year is fast approaching yet few of us are doing what real businesses do this time of year….and that is budgeting for next year.

If you want to be more than a practice owner and be a real business owner, you need to act the part.

Real businesses spend time and effort creating a budget for the following year so that they can plan for revenue, expenses, investments, and more to put their companies on the path for success.  Without a budget, you are traveling without a map and have no idea where you might end up.  

If you are serious about turning your practice into a real business, start by creating a budget.  This weeks video talks about the importance of creating a budget and what I’ve done to create ours for the Weil Foot & Ankle Institute.

One of the most important things you need to budget for is the investment in yourself.  The best way to invest in yourself for 2020 is to attend the FABI 2020 Event in Miami March 13-15, 2020.  

Make sure you take some time in the next few weeks to create your budget.

Have a great week.

Lowell

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