When new practitioners offer evening and/or Saturday hours to improve patient accessibility, it’s easy to infringe upon family time for both the doctor and his or her employees. Understanding one’s practice numbers and having a daily production goal, however, can be liberating.
Offering extended practice hours does not have to adversely impact one’s quality of life if the practice vision is clear, and statistics are carefully monitored each month. Tracking expenses through a cash-flow document and understanding how each category impacts the practice is the key to creating life balance.
Chuck Blakeman’s best-seller, “Making Money is Killing Your Business“, underscores this point: If you don’t understand your business, you will never get off the treadmill!
It wasn’t until I had allowed my own young practice to take time away from my family that I discovered this truth. Fortunately for me, I also discovered the answer while experiencing “The Dentist as Entrepreneur,” an incredibly valuable seminar offered by the Pride Institute. Rebranded as “Managing by the Numbers,” this flagship seminar, taught by Pride CEO, Amy Morgan, is a “must attend” program if one wishes to “escape the treadmill.”
Knowing one’s numbers and what those numbers mean empowers the dentist-entrepreneur to enjoy balance in his or her personal and family life. A solid understanding of your business means freedom. If you lack life balance, make sure you take whatever steps are necessary to control your practice rather than letting it control you. Not only will you avoid burnout, but you’ll see your kids grow up. Sweet!
Posted August 16, 2019
Cosmetic dentistry popularity is on the rise again. In fact, according to the results of a recent survey from the Academy of General Dentistry (AGD), 96 percent of U.S. laborers feel a beautiful smile is very or somewhat important to your appearance. Psychology experts also suggest that nice smiles create trust, reduce stress, and helps us live a […]
Posted August 16, 2019
tick, tick, tick… Pop quiz for employers, when’s the next time you have a team member going away on vacation? Looking at the calendar, it’s probably Labor Day. You aren’t alone. Roughly 25% of Americans plan to be out of town for Labor Day. Check-in with your staff Always the first Monday in September, almost every […]
Posted August 07, 2019
Something feels different in the office. It’s hard to describe. The patients are happy, no complaints. The schedule is full, revenue is strong. Internal conflicts among staff are at a minimum. In fact, things are working so well that you’re answering fewer staff questions and requests. These are the situations we all work hard to […]