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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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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How to Retire Successfully Tip #3: Work backwards.
How to Retire Successfully Tip #3: Work backwards. Determine the level of retirement funding necessary every year, what amount of profit is necessary for that to happen, and what amount of production …
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How to Retire Successfully Tip #2: Start early. Don’t wait to start working on retirement.
How to Retire Successfully Tip #2: Start early. Don't wait to start working on retirement. The earlier you start, the faster you will accumulate retirement funding. …
How to Retire Successfully Tip #1: Seek expert guidance.
How to Retire Successfully Tip #1: Seek expert guidance. Your practice will be the key to funding retirement, and you need to build it to a level that allows this to happen. …
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Focus on profit.
Focus on profit. The most important metric in any orthodontic practice is profit. All other metrics are used to support achieving the annual profitability goal. …
There is a reason there are experts to advise you.
There is a reason there are experts to advise you. Dentists are typically very high IQ individuals. However, having a high IQ is not the same as having experience. When making major decisions, it is …
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