Well known consultant and author Patrick Lencioni, wrote a book titled “Three Signs of a Miserable Job”. The book identifies three characteristics that, when missing from an organization, create a lack of motivation and pride by employees. According to Lencioni, companies that operate with Anonymity, Lack of Relevance and Lack of Measurement create poor company performance…
Read More »
A recent survey of dental practice revenue and overhead appeared in the August 2015 issue of Dental Economics. The survey reported that on average dental practice overhead for 2014 was almost 75% of revenue and specialty practices were only slightly less. This is shocking to me as it seemed only a few years ago overhead was…
Read More »
I just returned from the ADA meeting in Washington, DC where I had the opportunity to participate on a panel discussing the steps to find, design and build a dental practice. The members of the panel were a comprehensive group that I would consider to be the dream team of dental office construction. Each member…
Read More »
Growing and caring for a vegetable garden is a team effort. A successful garden incorporates the care and maintenance by the gardener. Mother Nature has to do her part by providing rain, sunshine, soil chemistry, and pollinators. The perfect combination leads to a bountiful harvest. What happens if Mother Nature does not do her part?…
Read More »
The New Year is here and the payroll deductions reset. This is great time to hire your kids. I recommend hiring your kids for tax savings purposes along with other benefits. The work your child provides should be age appropriate services to your practice. Younger kids can be models for your practice website and brochure.…
Read More »
I recently spoke at a seminar for new dental practice owners and those seeking to own or buy into a practice. I was surprised to find out that many of the dentists in attendance who were aspiring to achieve a financially successful career in dentistry were unaware of some key measurements of practice success. I…
Read More »