Dentists and specialists must know the state of their practice. This is harder to accomplish than one would suspect.
In a recent best-selling book about business management, authors Paul Nunes and Tim Breene focused on case studies of Fortune 500Â® companies. One very interesting aspect was the fact that very few CEOs understand when their companies are about to encounter trouble. The authors revealed a telling statistic that only 7% of companies entering into a â€œstallâ€ or â€œdeclineâ€ phase ever emerge from it.
In the day-to-day running of a practice, it is often difficult, if not impossible, to determine why production slows down. As practice owners and top producers, doctors are focused on clinical matters and have little time or ability to step back and objectively assess their offices. At times, an outside opinion about practice performance and operations is the only logical answer.