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 …
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 #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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If the doctor is not motivated, the team will not be motivated either.
If the doctor is not motivated, the team will not be motivated either. Exceptional leadership starts with a display of motivation by the leader. Motivation is contagious, and others will quickly …
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Contact patients after a pre-authorization.
Contact patients after a pre-authorization. If you must pre-authorize a procedure, reach out to the patient with the results as soon as they are available. Be prepared to motivate the patient to make …
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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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What do you do when something bad happens?
What do you do when something bad happens? A dental practice is a business and every business experiences bad times. Instead of being angry or depressed, look at the situation and ask the question, …
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How to Retire Successfully Tip #5: Ride the market rollercoaster.
How to Retire Successfully Tip #5: Ride the market rollercoaster. The investment markets will go up and down. The best way to perform well is to fund retirement as early as possible, so you’ll have …
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How to Retire Successfully Tip #4: Choose your best age.
How to Retire Successfully Tip #4: Choose your best age. You may not think that you care about retiring before a certain age, but negative life events can happen. It’s best to be on track to be …
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