- Want to maximize your retirement savings?
- Need funds for new equipment, technology, or an office renovation?
- Want to get those debt burdens off your back?
- Having a hard time making ends meet?
If you answer yes to any of these, then, like many dentists, you need a higher net income. Easier said than done, right?!? Actually, it doesn’t have to be that complicated. Let’s answer this question using the KISS (Keep It Simple Stupid) method, it all comes down to the numbers.
You, working alone, ... Continue Reading →
Professional burnout is an epidemic! In a study, just this year, of over a thousand Human Resource managers 98% indicated burnout was actually “sabotaging” their businesses. Many managers indicated professional burnout accounted for 50% of their employee turnover!
Companies across all industries are seeing it impact their business, so they are putting internal programs in place to prevent it before it steals their talent, institutional knowledge, and competitive advantage. It is one of the most prevalent work-related problems in our society ... Continue Reading →
Ok, so, you are asking me to give up an entire day of income, take my employees to another location, sit around and talk? Now why in the world would I ever consider that? What is in it for me?
Having organized and participated in Annual Dental Practice Retreats for over 25 years, I have seen first-hand the many benefits of team retreats. But that is just my perspective, what’s really important is what does the hard-core evidence say?
Payoffs of Dental ... Continue Reading →
Dental team accountability is a topic I frequently address with dentists. In a business like dentistry where the boss must spend 95% of his or her working time in the mouth of another person in order to be successful, accountability becomes even more elusive. A dentist is not available to look over employees’ shoulders and monitor their performance, answer their every question, or ensure what needs to be done is done and done properly.
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“If you are building a culture where ...
Your Dental Practice Income Statement, sometimes called your Profit and Loss Statement, or your P&L Statement, can be a foundational management tool for your practice if it is purposely designed. Unfortunately, many dentists have no idea their Practice Income Statement can be arranged to meet their specific needs. Usually, dentists accept the generic income statement given them by their bookkeeper or accountant, glance at the bottom line, then file ... Continue Reading →
Dental practice embezzlement is a real issue. It is estimated that between 60% and 80% of dentists will know they were embezzled by the end of their career. Who knows how many never know!
Embezzlers create their own, ongoing inventive methods to steal from you. Unfortunately, if your employee is determined to embezzle from you, they will figure ... Continue Reading →
Want a day where you meet your goals, feel a sense of pride in your work, and leave relaxed and on time? Who doesn’t? So, how often does it happen in your dental practice? Once a week? Once a month? Never? There is one way, without a doubt, you can make this happen more frequently and consistently. It is the use of an organized Morning Huddle. Yes, that ... Continue Reading →
In an earlier blog I wrote about four income generating dental practice management tools worth exploring: Dental Warranty, Weave, Virtual Dental Office, and DDSGP. I hope you had a chance to learn more about these companies and determine whether they might benefit you, your patients, and your practice. They have certainly proven helpful for many dental practices around the country.
The list doesn’t stop ... Continue Reading →
HOW TO HEAR THESE WORDS FROM YOUR EMPLOYEES…
There is a serious conundrum in every dentist’s work life: 99% of your training was clinical dentistry when in reality you spend more than 50% of your time focused on interacting with employees and patients. There was no training for that, was there? Such topics as, “How to Develop Productive and Efficient Employees” wasn’t on your curriculum, I bet? Even if ... Continue Reading →
First coined by the philosopher Aristotle, the phrase “a whole is greater than a sum of its parts” still has a lot of relevance in this day in age. This is the basis behind the idea of teamwork. If the full dental team isn’t working in synergy your practice isn’t going to be as effective, efficient or run as smoothly as it could, or should, be.
Everything in your practice is connected ... Continue Reading →