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Losing money
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<blockquote data-quote="Denture Dude" data-source="post: 347819" data-attributes="member: 18894"><p>I should clarify. I'm not losing money, yet. Right now, I'm in house. 3 docs in the house, two docs outside the house. I do everything except bookkeeping. Docs wife does that. Im lucky in that Im trusted to set prices to where I think theyre fair for the product. Every case that leaves the lab gets invoiced. I get hourly plus half of whats leftover after all the bills, including lab rent. Doc (that owns the place) and I have discussed a situation where I just rent the lab space and run this thing on my own. I see opportunity for expansion, but Im not doing that for half the profit and also being micro managed would throw a wrench in everything. On the one hand I see an opportunity here and really want to grab it by the nads. Im just a little insecure on how to map it out and make it happen. If I took on more work, Id definitely need to hire some help. Honestly my question was a more broad question on how to do the math and what to plan for. Maybe Im just fishing for encouragement. Theres really no other job Id rather be doing. But money is money and Im 43 and have a 4 yr old daughter to support.</p></blockquote><p></p>
[QUOTE="Denture Dude, post: 347819, member: 18894"] I should clarify. I'm not losing money, yet. Right now, I'm in house. 3 docs in the house, two docs outside the house. I do everything except bookkeeping. Docs wife does that. Im lucky in that Im trusted to set prices to where I think theyre fair for the product. Every case that leaves the lab gets invoiced. I get hourly plus half of whats leftover after all the bills, including lab rent. Doc (that owns the place) and I have discussed a situation where I just rent the lab space and run this thing on my own. I see opportunity for expansion, but Im not doing that for half the profit and also being micro managed would throw a wrench in everything. On the one hand I see an opportunity here and really want to grab it by the nads. Im just a little insecure on how to map it out and make it happen. If I took on more work, Id definitely need to hire some help. Honestly my question was a more broad question on how to do the math and what to plan for. Maybe Im just fishing for encouragement. Theres really no other job Id rather be doing. But money is money and Im 43 and have a 4 yr old daughter to support. [/QUOTE]
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