When new practitioners are encouraged to 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” (www.cranksetgroup.com), 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 (www.prideinstitute.com). 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, because such knowledge 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 23, 2019
Health insurance can be tricky to navigate for everyone involved. If your information isn’t exactly correct when you file claims for your patients, the rules involved will cause the claims to be denied and lead to lost time, the patient’s frustration, and extra work for insurance billing adjusters. Here are three of the most common […]
Posted August 23, 2019
You’re offering a job, so why aren’t you getting applications? You need to figure out why you people are not applying to your ad or showing up to interviews. It is likely a combination of things: You are in competition with many other hiring dental offices. You have to offer something they want. Does your ad […]
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 […]