Executives at Eastman Kodak were concerned about increasing competition in their industry. They decided to conduct a study to determine the effects of price increases and price decreases on their profitability. The Kodak study assumed a 25% profit percentage (75% overhead) which is rather convenient for our purposes because it is fairly close to the 30% net income the ADA reports as the average dentist’s net income today. Using this 25% profit assumption and the corresponding 75% cost assumption, here’s what the study determined:
The University of Washington School of Dentistry class of 2014 has created an online auction portal to raise funds to finance their student-run dental charity work throughout Washington. So far, they have nearly 75 tremendous listings for auction, with a MSRP of over $100,000!
Their auction site is now open to accept bids. All listings close on May 20th, 2011, and new items may be added throughout the three-week auction, so please check back frequently.
There are several categories of items which may interest members, and with bids starting at roughly a third of original MSRP, you could be getting a FANTASTIC deal on services you may need while also helping out tremendous causes. Some of the highlight items are: CE by renowned doctors like Dr. John Kois, custom website design services, Practice Coaching seminars with travel included for your team, and even Ducati motorcycles!
Please go to: http://auction.uwsod2014.com/auction/ to start bidding! Also, please pass this link on to dental school classmates, colleagues, or anyone else in the dental community!