Page 33 - Owners
P. 33

17010 –              routinely               (bills exceeding       Defined: Legal
                                          expanding and           cash) and ideally      rudiments are
                       Div. 7             is financially          have an ever           defined as the

                       Stats              secure.                 increasing             fundamental
                                                                  spread between         legal points
                    Descriptio            Department 21,          them. This stat        necessary to
                         ns               Office of the           measures the           have in place to
                                          Owner                   Owner’s ability        protect the

                                          Product:  A             to properly            practice legally,
                     DIVISION 7,
                                          prosperous &            manage the             such as proper
                      EXECUTIVE           viable practice         practice’s             insurances,

                                          with increasing         production in          OSHA

                                          money going to          both quantity &        regulations met,
                   Div 7 VFP:             reserves.               quality as             contracts in
                   A viable,              Statistic: Cash /       reflected in the       place, etc. This
                                          Bills ratio             Gross Income-          department also
                   expanding              Defined: This is        as discussed, if       oversees the

                   practice.              the                     quality is good,       practice’s
                                          measurement             then income will       reputation &
                                          of the ratio of         easily flow into       standing in the

                   GDS: 1. Cash /         total cash in all       the practice-          industry- your
                   Bills Ratio 2.         practice                coupled with           State Board,
                   Completed TX           accounts versus         proper financial       your colleagues-
                   Plans                  bills owed. This        management             and in the
                   Defined: The           stat is                 which ensures          community as a
                   hat of the             calculated by           the finances of        business- your
                   executives of          summing the             the practice are       Better Business
                   the practice is        account balance         invested               Bureau,
                   to ensure the          by register of all      properly to            Chamber of
                   future of the          accounts versus         ensure a greater       Commerce, etc.
                   practice through       all bills               ability to             This department
                   the proper             presented               produce.               sees to it that
                   financial              which are due                                  the practice is
                   management,            and payable up          Department 20,         constantly
                   effective              through 7 days          Office of              protected from
                   organization of        from this week          External Affairs       jeopardy by
                   the practice and       ending date.            Product:  PR &         ensuring there
                   effective              This is graphed         Legal                  are no weak
                   planning for           together as             acceptance of          areas legally or
                   production-            these two stats         the practice.          in its
                   these activities       are read                Statistic:             reputation- it is
                   properly done          together. Ideally       Percentage of          “un-attackable”.
                   will create a          these stats are         legal rudiments
                   practice that is       not crossed             in.

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