My Office!
You opened your doors several years ago, you have the latest equipment, a great staff, your patients refer their families and their friends - and everything has gone according to plan. You have achieved the numbers you wanted to reach, you have dental students and associates working and you work only the days and hours you want – your ideal is complete – what’s next for you?
In my conversations with dental brokers and dental practice builders I have learned that the art of running the business isn’t always the strength of the owner of the practice. Exit strategies and financial long term goals with investment strategies are often non-existent. If you are one of the ones who has achieved success and has all this in place – congratulations! You deserve high praise.
If you find yourself a great success and don’t know your next steps and don’t have these things in place, it is not too late to sit down and create a strategy for the next few years and have an investment advisor help you prepare for your next steps. It could be retirement. It could be that you want to own a few more practices, but not work in them. It could be that you want to do something you have never done before. Maybe you want to make some major contributions to the industry from the political side. Perhaps you want a major change in your life and you don’t know where to begin to discover what that might be or how to go about exploring the possibilities. How do you begin? How do you prepare before you enter a state of stasis and the success you once enjoyed begins to fall because you didn’t plan for this? One resource is a coach, another is an investment counselor and another is your intuition.
And for the dentists who are just beginning – make sure you include these things in your business plan and know and understand that it is a dynamic plan – one that you use continually to measure your goals, targets and results. You do this so you can change it as you flex and change and to keep up with the challenges and changes in the economy and your specialty. Post your Vision and you Goals and get buy in from your team. See how achieving your vision helps them achieve their goals and watch what happens to your success plan – and how quickly you begin to accomplish every goal!
Now back to you who have it all – what’s next? What if you knew?
If you want to know more, let me know!
Best of Success,
