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 June 21, 2019
Spend more time with family. Have more time to pursue hobbies, go back to college, or write a book. Earn extra income to supplement your current job. Why do you want to temp as a dental assistant or hygienist? Temping in a dental office can be a super-convenient way to earn while maintaining a flexible […]
Posted May 24, 2019
So you’ve decided to find a new job—only to discover that the market is scarce. Job markets (like any market) ebb and flow. Some months, like September and October, are better than others because a lot of companies want to hire before the frenzy of the holidays. Other months, like June and July, aren’t so […]
Posted May 10, 2019
Every working professional runs into a problematic coworker eventually. It’s simply the odds of working with other people. Not everyone you work with will mesh or vibe with your personality or work style. While you can solve a lot of these situations by just ignoring the person, bad coworkers can become a serious issue if […]