Most dentists never become financially free because everything we are taught about money and investing is designed to make others wealthy and us poor. Here are some examples that keep us poor: Pay yourself first and save and invest; why pay off a 4% interest loan when I can make 7% investing; buy term Life insurance and invest the difference; get ...
Read MoreWhat if the worlds largest retailer decided to provide Primary care, dental, counseling, labs & x-rays, health screening, optometry, hearing, and fitness & nutrition right in your back yard? What if they do it with fees that are 30%-50% lower than what you charge? Will this affect your bottom line and number of new patients you attract? I ...
Read More(YOU ARE GOING TO WANT TO READ THIS EVEN IF YOU ARE SOLO.) WHAT FOLLOWS HOLDS THE SECRET TO SUCCESS FOR ANY DOCTOR IN ANY SIZE OFFICE. Got an email today from a doctor in a three-doctor office. “I’m in a group practice (3 docs – 2 partners and 1 associate). We have an “eat what you kill” arrangement that has generally worked ...
Read MoreAs we round up our third part of what it takes to survive as an independent practice, we arrive at a prediction. We mentioned it earlier but it bears repeating. The Left Behind Prediction The dentists that are most invested in the old solo practice model will be the last to change. This means that mainstream dentistry and dental practices ...
Read MoreIf you missed my last article, please go to: www.summitpracticesolutions.com and search the link to all our articles. We are dissecting what it takes to survive as an independent dental practice now and in the future. In an effort to identify those practices at the greatest risk, I am giving you the top 12 things that are certain to hold you back ...
Read MoreNot too long ago I wrote a series of articles titled: STOP THINKING LIKE A DENTIST. Just last week I was asked to be the keynote speaker to open the annual BEST for Dentistry meeting with the task of describing how to survive as an independent practice. I believe dentistry is one of the best careers anyone could have. It has and will continue to ...
Read MoreAt my age, I don’t like anything that mentions “terminal”. Just this one time I will assume we are not talking about my “use before date”. With every end of a year, we face a new beginning. For a few, it might be a time to recommit to keep doing what you are doing because the results are so good. For some it may be a time to re-engage ...
Read MoreGot an email from my friend David Phelps of Freedom Founders fame (www.freedomfounders.com). He wanted to informally visit over the phone and interview me about exit strategies and the general state of the union when it comes to selling your practice. I wanted to list 6 quick questions that I was asked and just a short response from me for each of ...
Read MoreI would hazard to say that all of us have found our self in a rut. It seems to be that quiet killer of excellence and growth. It slips up on us as life happens. We remain in this rut because it is easier than digging our way out. A vast majority of doctors tell me that their rut is different from everyone else’s. If you find that you have been ...
Read MoreIt all started in 1991 when Dan Gookin wrote and published “DOS For Dummies”. This started an empire of “Dummies” books. “Windows for Dummies” sold 15 million copies. Thousands of other topics followed and they are still coming out with more. They basically are the “Cliff Notes” for an endless list of topics. Kind of a ...
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