Dentists who have a background in business may work with office managers and administrative assistants to help them to solve different issues related to financial systems. The background in business benefits the dentist owner of the practice by enabling them to understand the financial intricacies of the company and to ensure proper planning. For instance, they will be able to establish an appropriate budget and specify the practice’s financial goals. Additionally, dentists with previous business experience will find it easy to open and manage checking accounts and generally work with banks. Such dentists will also be able to properly count the existing expenses and forecast future costs which are essential for budget planning. Moreover, such dentists also know how to reconcile bank statements to keep an accurate record of the checking account. Yet, most importantly, dentists with a business background will have the ability to quickly find a professional team of employees and offer them competitive salaries to keep them motivated.
At the same time, administrative assistants may require assistance from dentists in cases involving knowledge in the field of dentistry. Specifically, there can be many issues that imply the knowledge of both business and dental medicine. For example, administrative assistants may need help with budget planning since they do not understand the needs and expectations of a dentist’s office. Professional dentists will be able to assist administrative assistants by providing them with lists of the expenses needed to be included in the budget plan and accounted for. Additionally, dentists are aware of the expected performance of their business which is essential for administrative assistants when creating a budget plan. So, such issues can be resolved simply by contacting the dentist and asking them to offer their advice and information.