Increasing Practice Production Every Year
Do you have a continuing education (CE) plan? Too many doctors simply show up for CE courses because they are at a meeting, or the course is locally available. It is far better and more effective for …
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What is the biggest challenge in dentistry today? Without question, the biggest challenge is staffing. We are in an era, like many industries, where there is a shortage of available staff. Further, …
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What did you do to motivate yourself today? What did you listen to or access to give you that sense of motivation, energy, and enthusiasm? You need something every day. …
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Extreme delegation. The only way for a practice to continue to reach higher level levels is for dentists to do less of what they should not be doing anyway. Extreme delegation, especially to the team …
What is the future of dental practice? Although a textbook could be written to answer this question, we believe that the future of dental practice is bright and we are very optimistic that many dental …
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Personal Financial Tip #5: Treat your personal finances like a business. Many dentists do not treat their personal finances the way they treat their practice, but it is a business that will ultimately …
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Personal Financial Tip #4: Grow your practice. Dental practices are businesses, and businesses need to grow every year. Dentists who can reach financial independence by the age of 62 have practices if …
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Personal Financial Tip #3: Understand your financial plan. Every dentist should have a financial plan put in place as early as possible. The sooner you understand your financial situation and the …
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Personal Financial Tip #2: Be disciplined for slow growth. Although there are rare exceptions, most dentists will accumulate wealth on a gradual basis. The earlier you start savings, the larger that …
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Personal Financial Tip #1: Make a savings goal. Starting in the first year of practice, every dentist should have a targeted annual savings amount. The sooner this is implemented, the more dentists …
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No-shows are costly. No-shows hurt the practice. They result in decreased production and productivity, as well as wasted chair time that can never be recovered. Make reducing your no-show rate a …
What type of practice is best? Practice options can include single practice leaders, partnerships, groups, and dental service organizations. Each of these has advantages and disadvantages, but the …
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