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Would you spot it if your accountant got your numbers wrong? Do you get FOMO when new toxins, fillers or other products launch?
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Dr Jake Sloane and David Segal tackle some common themes and questions that keep coming up in their work. Hear how a doctor's accounts revealed GST (Australia's goods and services tax) missing from his treatment pricing and accounts left unreconciled for months, and why every clinic owner needs a basic understanding of their own numbers.
They then cover staying even-keeled through quiet weeks, why there is no need to rush into new products, and how to judge who to trust when everyone in the industry seems to be selling something.
What you'll learn:
- What to ask your accountant so you can sanity check your profit and loss and balance sheet
- Why bulk stock buys distort monthly profit, and why your accountant needs a monthly stock report
- How to set a weekly red line and plan for quiet weeks before panic sets in
- What a clinic actually needs to stock, and why fewer products can mean better margins
- How to assess a new product, and company-funded studies, before you buy
- How to check the track record of business coaches and educators
Hosts:
- Dr Jake Sloane, IA Co-founder & Facial Aesthetic Doctor. Instagram: @drjakesloane. Website: https://www.drjakesloane.com/
- David Segal, IA Co-founder & Business Consultant. Instagram: @david_insideaesthetics. IA Business: https://www.insideaesthetics.com/ia-business.html
Follow IA Podcast on Instagram: @insideaestheticspodcast
Full show notes and transcript: https://www.insideaesthetics.com/episodes.html
Disclaimer: https://www.insideaesthetics.com/disclaimer.html
