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STOP THINKING LIKE A DENTIST IV (THE STAFF OWNERSHIP FACTOR)

When it comes to successful businesses, timing, location, and demographics are always super important. But when I see doctors “thinking like a dentist” I often see some disconnect in understanding, assembling, training, and keeping a great staff. Through the years I have felt more and more like you should never…

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STOP THINKING LIKE A DENTIST III

In the first two parts of “stop thinking like a dentist” we’ve seen that viewing solo practice as a destination or benchmark for dentists is not the best approach and also how debt and entitlement can cripple a successful dental practice. The goal here is to point out the seeming…

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STOP THINKING LIKE A DENTIST II – DELIGHTING IN SACRIFICE IN THE FACE OF INSTANT GRATIFICATION

(I have had a lot of requests to look at individual office numbers and I am just about all caught up, so if you are thinking you want to do this, please go ahead and send your Growth Analysis Spreadsheet and information so that you don’t lose out on implementing…

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STOP THINKING LIKE A DENTIST (BAD)

The title embodies everything that represents getting off track in dentistry. I want you to consider that the phrase “Thinking Like a Dentist” for all our purposes means something bad. As the dental and economic climate of the U.S. changes, we are seeing dentists reverting back to a mindset that…

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CRUSHING CONFIDENCE OR REINFORCING INSECURITIES?

Summit Practice Solutions was built on a philosophy of the Purpose Driven, Doctor Led, Staff Owned practice management office culture. These foundational principles were taken from my main office in McKinney, Texas, with over 3 decades of private practice success and including multiple locations. This is another look at staff…

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Porter’s Five Forces

My brain seems to work this way. I feel if I can present an irrefutable truth along with a pathway to success you will improve your practice. Part of this is my proclivity to look at some of the same issues from different perspectives. Porter’s Five Forces is a useful…

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MONEY, MONEY, MONEY, MONEY

This will be the final article in this series and I wanted to tackle a couple of myths, challenges, and benchmarks. Personal finance blogger Zach of Four Pillar Freedom (http://www.fourpillarfreedom.com/) created a simple chart that breaks down at exactly what age you’ll become a millionaire (http://www.fourpillarfreedom.com/the-million-dollar-age-grid/) Keep in mind that…

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MONEY MAKES THE WORLD GO AROUND

Round two of facing the undeniable consequences of not being engaged and consistent while starting early with a sound financial protocol. To get you in the mood again, click this link and take a listen: https://www.youtube.com/watch?v=eBtn2NQ5k58&sns=em Why do lottery winners go broke? Why do we hear so many stories about…

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MONEY

Most of you have heard me tell you about my past: Divorce, cocaine, faith, and a new life. I want to take a couple of articles and discuss money as it applies to both practice and life decisions. I believe that money in the context of our practices is the…

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TIPS ON HOW TO KEEP STAFF TURNOVER LOW

One of the most prevalent characteristics of a “Donor” practice is high staff turnover. If you are not keeping staff for 5 or more years, you are a donor practice. High staff turnover also indicates poor systems, management, leadership, and culture in your practice. I have yet to find any…

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