Increasing Practice Production Every Year
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 …
Show Your Enthusiasm When You Receive a Referral. When you receive a new patient referral, always make a point of noting which provided it. When that referring parent comes into the practice, be sure …
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