1 min. read
Financial management has two goals: profitability and viability. The practice wants to be profitable and continue in business. It is possible to be profitable and yet fail to continue business.
In maximizing profits, there is a trade off between risk and return. The greater the risk we undertake, the greater the anticipated profit we demand. We make many financial decisions on the basis of whether the return on a specific investment is great enough to justify the risk involved.
Join for FREE and keep reading...
To keep reading, join our free Starting Into Practice program now! As a new DC, we know you need resources to help you succeed as you launch your career. Starting Into Practice is your free one-stop shop, whether you’re looking for resources related to job-hunting, joining an existing traditional or integrated practice, or starting your own. A few of our helpful resources include:
- Articles on everything from contract negotiation to marketing plans
- Practice Checklists
- Free webinars from experienced DCs
It’s important to us that the chiropractic profession grows and thrives, regardless of your insurance provider — but we’re always here when you need us, whether it’s insurance or financial solutions.
Sign in Join for free