Abstract: Effective management is a critical factor to the success of any dental business. Most dentists nowadays are busy with enhancing thier technical skills while ignoring the managerial side’s potential rewards.
In this lecture we will highlight the most profitable services, what a cash cows is in the dental business, and what factors drain our money.
We will also discuss what the opportunity cost is and how to maximize the benefits with minimal resources and how to balance between the technical side and the managerial side.
Objectives: Highlight the following
1-importance of management science for successful dental business
2-what is cash cows VS money drain
3-importance of knowledge of opportunity cost