Sterling Management today announced it is offering a new two-day Chief Financial Officer workshop at its Glendale, California, facility to teach accounting and health care practice owners how to profitably run their practices.
“It doesn’t matter how much revenue a practice generates if it is barely profitable,” explains Barbara Wilson, Sterling Management’s president. “I meet practice owners who pay their staff, but not themselves, so they can keep reinvesting in the business. Since the owners are typically the most valuable and productive people in their practices, they should be earning what they are worth. This new workshop teaches them how to generate both the revenue and profit they want.”
The following topics are included in Sterling Management’s new Chief Financial Officer workshop:
• How to maximize profitability and rein in expenses;
• How to quantify how productive each staff member should be;
• How to build cash reserves, when to use them and when not to use them;
• How to use financial management to force the practice to make more income;
• How to analyze sources of income to strengthen them.
The workshop is interactive with financial planning done with practice owners on the spot.
The Chief Financial Officer workshop will be held on Friday, August 9 and Saturday, August 10, and repeated on Friday, November 15 to Saturday, November 16. Preregistration is required.
About Sterling Management
Sterling Management (sterling.us) is a consulting firm which provides customized management consulting and training to practice owners to help them achieve a better practice for a better life. In business for three decades, Sterling has delivered management seminars to over 175,000 professionals and their staffs and more then 70,000 management and personal achievement courses to clients and their staffs. Sterling consultants have delivered over a million hours of consulting, coaching and training. As a result, Sterling clients have seen their revenues and productivity rise to unprecedented levels.