338: More Units Don't Always Mean More Profits with David Lesh
Thank you to everyone that donated to our Race for the Future 10 triathlon. This was the biggest one yet in terms of money brought in. All of this money goes right back in to our industry and remember you can give all year long! https://dentallabfoundation.org/ Sometimes the business part of the lab is not the most exciting. But honestly, it's super important for everyone to understand in order for a lab (or any business) to be successful. The thinking that more units equal more profit is just not true. The one to help your lab is David Lesh from 8&9 Consulting. David is back on for a third time and now he is sharing the secrets of the financials that labs need to be profitable. David emphasizes that if you're not growing profitable sales, you're merely exhausting your resources without reaping the rewards. He also shares practical tips on how to reduce COGS and set key performance indicators (KPIs) to track and improve financial performance and a unique approach to setting prices based on turnaround times, which can significantly increase the average selling price and overall profitability. A lot of financial terms are used, so luckily David takes the time to explain to Elvis like a 3rd grader. Get the Dental Lab Growth Calculator TODAY: https://www.8and9consulting.com/contact-us If you are in the market for purchasing a new milling machine or a furnace, Voices From the Bench invites you to connect with an Ivoclar sales associates. They have several great deals and financing options now available for you to take advantage of. These robust and dependable machines were designed to make your laboratory more efficient and profitable. They are work horses when it comes to processing IPS e.max lithium disilicate and the amazing Prime Zirconia. The PM7 mill also allows you to do digital dentures with their game changing Ivotion puck. Head over to ivoclar.com, voicesfromthebench.com/ivoclar, or call them at 1-800-533-6825.Special Guest: David Lesh.