Jun 18, 2020
July 22, 2019 - Arminco Inc.
When you consult your accountant about buying new items for your dental practice, he may tell you to reconsider, especially if you are a younger dentist who has just started out.
Your accountant is only looking out for your pocket and he wants you to avoid going into debt, but he can’t possibly know how beneficial this new equipment will be to your business.
Imagine if you were to invest in new equipment, such as a Solea Laser or a CEREC. While you may have a lot to pay for, you will also earn a lot more. Depending on marketing strategies, you may even earn enough to pay off your debt sooner than you think.
When you open a new dental practice, your accountant will become a very important person in your business. It is often a good idea to listen to their advice, but consider this. Will you still have enough money to pay off your debts after purchasing new equipment? If the answer is yes, then you should probably invest in it.
New and advanced technology attracts new patients who are willing to spend more, and this means more revenue for you.
In other words, sometimes it may be a good idea to risk a little and go buy that new piece of equipment that will make your customers happy!
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