I know what you’re thinking. I used to think that way too. It took decades, but I finally figured out why employees are always a bad idea. I am guessing that right now you are going to be a bit confused. Is Mike saying that we shouldn’t hire or even have any employees? The answer is no, “but”. This article will explore the “but”. When ...
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Thinking back to dental school graduation, I’m sure I was pretty naïve as I planned my future. I was going to work as an associate, and within a year or two open my own practice or end up partnering with my first jobs owner. I was going back to my hometown and already had that job with my childhood dentist. The weekend following my graduation I ...
Read MoreFor over 25 years, my main practice was a “fee-for-service practice”. Demographics, insurance, corporate dentistry, and DSO’s challenged that status quo and I found that the dental economy was changing in every state. These changes certainly morphed at different rates in different states, but as we look at the new reality in healthcare and ...
Read MoreWe spend a lot of time talking about goal setting and striving for a higher level of profitability in these articles. With this as a given, I want to look at doctors who have a certain “production level” as a bucket list item. Everyone tends to have various things they pursue. They may base their success in practice on hitting these bogies ...
Read MoreThe new President Biden Tax Proposals are a hot topic right now among business owners, especially dentists. Our good friends at Duckett Ladd recently released a whitepaper that covers the top five things that dentists need to know about them. If you have questions or concerns that your current CPA’s and advisors cannot answer for you, or if ...
Read MoreYou may not realize it, but there is a tool that is too often forgotten (or never considered at all) that can be the start of taking back control of your practice and life. This strategy and word were never used prior to the early 1860’s. Its use today doesn’t carry the strong implication it had during its inception. Let me give you a little ...
Read MoreThe phone keeps ringing and, for about the last 6 months, every question posed by the caller has centered on the fact that it is hard to keep or find good staff members. It started from the day we reopened our business from the COVID shutdown last year and the hygienists decided that they were not going to work in dentistry as long as the ...
Read MoreMany things can hold you back. Most doctors are looking for the one thing that can turn their practices around. Like Tom Cruise and Jack Nicholson in A Few Good Men, most of these same doctors, “can’t handle the truth”. The person who asks but doesn’t really want the true answer will never get better. They want to put the blame on a lack ...
Read MoreFor many reading this article, you see things differently than those around you. For sure, you see things differently than generations gone by. The title or saying, Taking Home the Gold, is a direct reference to the Olympics and winners in a competitive endeavor. I remember a time when a trophy or medal actually meant something. It wasn’t given ...
Read MoreLast week, we went over the macro-view of good practices vs. not so good: The Recipient practice or the Donor practice. I had asked you to take a long hard look at exactly where you were and then, see where you are. For most of us, this viewpoint needs to be more specific. Today, I want to go over how to truly see your practice as others do. Based ...
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