Being a business partner is a lot like a marriage. If you do not fully understand the relationship, roles, values, goals, and such, it sets you up for disappointments. No one wants to regret their relationship or decisions. Let’s minimize your frustration, help lay down a great foundation for your business and put some safeguards in place. Significance and Essentials of a Dental Partnership Agreements: Establish successful collaboration with your colleague. Define how you ...
Did you know that ½ my family and I have A.D.D.? Guess what, so do many dentists, police officers, fireman, and so many other professions. We actually don’t have a focus issue; we have an overwhelm problem. Life is so much easier if we are FOCUSED. After all, who does well when stressed or confused? If you want to be more productive, you must reduce your distractions. Turn off the distractions or ...
It is so important to: Run ads to attract the right person. Hire the right person. Train the right person. Retaining employees will help build your dental practice and save you money. The hardest step is to find the right person right? You need to know where to look, what to advertise, how to interview, and make sure they are in the right seats. Sometimes tasks need to be swapped around in your dental practice ...
It is time to stop being PPO dependent! It is time to show the insurance companies that you are not willing to work for less than what you are worth and be a slave to the dental write offs. These dental insurance companies are making you write off more and more. They are the ones profiting not you. You all learned how to sign up as preferred providers and take a cut in pay. Now ...
Protecting Your Dental Practice: Understanding Employment Practices Liability Insurance (EPLI) As a dentist, you are dedicated to providing top-notch oral care to your patients. However, the business side of running a dental practice can expose you to potential legal risks related to your employees. Employment Practices Liability Insurance (EPLI) is a crucial safeguard that can protect your dental practice from costly lawsuits and legal disputes brought by your employees. In this article, we'll explore ...
A Dentist's Guide to Transforming Patient Experiences As a dentist, you play a crucial role in helping patients maintain their oral health and achieve beautiful smiles. However, your impact goes beyond just dental procedures. The way you communicate and interact with your patients can significantly influence their overall experience. In this blog, we will explore the concept of neutral thinking and how it can enhance the relationships you build with your patients, ultimately leading ...
Owning a dental practice can be a dream come true for many dentists. The opportunity to provide quality care on your terms, build lasting patient relationships, and, of course, enjoy the financial rewards of entrepreneurship can be incredibly appealing. However, like any venture, dental practice ownership comes with its own set of challenges and fears. In this blog, we'll explore some of the biggest fears that dentists often have about owning their own business ...
Aloha dentists, As many of you know, there was a huge disaster in Lahaina, Hawaii. I do know of 2 dentists who lost their home and dental office to the fire. It seems like yesterday that I stood in front of this office with the team taking a photo and now it's gone. My heart hurts for this community. My family also lost their homes and jobs in the Paradise Fires in CA. We ...
As a dedicated coach for dentists aiming to maximize their business potential, let's delve into the concept of EBITDA and how it can transform your practice's financial performance. EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, is a fundamental metric that holds the key to understanding your practice's operational prowess. By distilling your financial data to focus solely on operational aspects, EBITDA provides a clear snapshot of your ability ...
In today's fast-paced and competitive work environment, retaining talented team members is a constant challenge for many dental offices. While attractive pay and benefits certainly play a role, there is a hidden gem that goes beyond material rewards. Believe it or not, the secret to keeping great team members lies in something much simpler and powerful: CARING about them. When employees feel valued and supported, they are motivated to go the extra mile and ...
Dear Dentists, Today, Coach Heidi Mount wants to dive deep into three fundamental aspects of human nature that influence our thoughts, actions, and emotions - Approval, Acceptance, and Appreciation. From the very first steps we took as children, we sought the approval, acceptance, and appreciation of our parents. Their excited reactions fueled our desire to repeat those small achievements and learn more about the world around us. As we grew older, this craving persisted, shaping our ...
Dear Dentists, As dental professionals, you understand the importance of maintaining oral health and delivering top-notch services to your patients. However, Coach Heidi Mount wants to ensure sustainable growth and success in today's competitive dental world, it is essential to have a clear understanding of your dental practice's internal strengths and weaknesses and the external opportunities and threats that lie ahead. One powerful tool to achieve this insight is the SWOT analysis - a ...
10-Day Action Plan to Increase Revenue in a Dental Office Many dentists come to Coach Heidi Mount to make more profit in their dental office. Maximizing revenue is crucial for the success and growth of a dental office. Dental business Coach Heidi Mount is sharing a 10-day action plan designed to help dental practices increase their revenue quickly and effectively. By implementing these strategies, dental offices can attract new patients, improve patient retention, and optimize ...
Being a dentist is a noble profession that requires skill, expertise, and dedication to providing the best possible care for patients' oral health. However, like any other profession, dentists are not immune to making mistakes. These mistakes can range from clinical errors to communication mishaps, all of which can have a significant impact on the practice and patient outcomes. In this blog, we will discuss the top five biggest mistakes dentists make and provide valuable ...
Running a successful dental practice involves not only providing exceptional patient care but also ensuring a profitable business. As a dentist, it's essential to find ways to increase revenue and maximize profitability while maintaining high standards of patient satisfaction. In this blog, we will explore effective strategies that can help dentists boost their profits and achieve long-term success in the field of dentistry. Optimize Appointment Scheduling: Efficient appointment scheduling is crucial for maximizing profitability ...
Many dentists start off by telling me they have A.D.D. and struggle with getting tasks done. Half my family has attention deficit disorder and I am one of them. We have big goals, and we are willing to work hard to get what we want. However, it can also be exhausting and overwhelming, right? Being a business owner is an exhilarating and demanding endeavor that requires juggling numerous responsibilities and staying focused on ...
In the fiercely competitive dental industry, converting potential patients into scheduled appointments is crucial for the growth and success of your practice. One of the primary touchpoints where this conversion takes place is during the initial phone call. Excelling in this area requires a combination of excellent communication skills, effective strategies, and a patient-centric approach. Let’s explore three powerful strategies to improve your new patient phone call conversion rate and boost your practices success ...
As a dentist, you possess exceptional clinical skills and a commitment to oral health. However, to truly excel in your profession, it is crucial to cultivate strong leadership abilities. Being an effective leader within your dental practice not only improves patient care and satisfaction but also boosts team morale, productivity, and overall success. In this blog, we will explore key principles and strategies to help you become a great leader in the field of dentistry ...
