David Chong Yen, from DCY Professional Corporation of Chartered Accountants, comes back with few rare pearls on practice management accounting. David spoke with Dr. Suham Alexander about common unintentional mistakes dentists do in managing their finances and how they could best avoid them.
After more than 30 years of experience working with dentists and in the dental industry, David Chong Yen sits down to share his reflections of lessons learned and insights gained.
- Invest wisely: Typically, the best investment is in what you know and in yourself and your own practice.
- Create your own vision: If you don’t know where you are going, you may not get there in due time. Visualize your ideal outcome and set your GPS accordingly
- Safeguard your investments: Protect yourself from known or potential liabilities. Proper planning and appropriate advice can save you from headaches down the road.