Selling Your Practice Tip #1: Start preparing your practice for sale 10 years ahead. To have the highest sale value for your practice, you want to start far enough in advance to have everything in …
Selling Your Practice Tip #2: Show three years of growth before the sale.
Selling Your Practice Tip #2: Show three years of growth before the sale. Strong financials and increasing revenue make your practice more attractive to buyers, especially in a competitive market. …
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Dentist as CEO Tip #5: Reach out to colleagues and experts.
Dentist as CEO Tip #5: Reach out to colleagues and experts. Dentists typically don’t have access to someone who can provide feedback on their thoughts, ideas, or practice performance. Consult with …
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Dentist as CEO Tip #4: Grow the practice.
Dentist as CEO Tip #4: Grow the practice. As the CEO, the dentist’s main job is to ensure that the practice continues to grow successfully. This means knowing the numbers, holding meetings to assess …
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Dentist as CEO Tip #4: Grow the practice.
Dentist as CEO Tip #4: Grow the practice. As the CEO, the dentist’s main job is to ensure that the practice continues to grow successfully. This means knowing the numbers, holding meetings to assess …
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Dentist as CEO Tip #3: Look toward continual improvement.
Dentist as CEO Tip #3: Look toward continual improvement. CEOs regularly assess practice performance and make decisions that create improvements. …
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Dentist as CEO Tip 2: It is not always easy being the leader.
Dentist as CEO Tip 2: It is not always easy being the leader. As a CEO, dentists must make tough calls. Whether you’re deciding what technology to bring in or making changes that might impact a team …
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Dentist as CEO Tip #1: Always be in “learning mode.”
Dentist as CEO Tip #1: Always be in “learning mode.” Most dentists never require the necessary skills to be excellent leaders. You cannot learn them from one webinar or one book. It is a process that …
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Remember your referring doctors.
Remember your referring doctors. Referring doctors are still a significant source of patient referrals. Many orthodontic practices receive up to 50% of their referrals from referring practices. …
Ortho competition is rising.
Ortho competition is rising. Levin Group research indicates that competition in orthodontic practice is increasing. The key to success regardless of competition is a …
Do you ever make exceptions to your systems?
Do you ever make exceptions to your systems? There are exceptions for everything. However, exceptions should be rare because if exceptions grow, the practice systems begin to break down. …
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Run your dental practice by principles.
Run your dental practice by principles. Every team member should know the basic principles that they are required to follow for their job. When a principle is followed properly, practice income …
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