Establishing the value or worth of a practice is a complex matter. There are more than 30 ways in which to calculate the value of a business and in fact there is a specialty certificate for accountants that deals specifically with this. A practice, no matter how it has been appraised, is only worth what
Over the last 25 years, I have spent at least 3 – 4 hours with over 6,000 healthcare professionals analyzing their practices one-on-one, and I have found many, many reasons why a practice may not be going anywhere fast. Here are the first things to consider: As the practice owner, do you have a clear
Do you sometimes feel that you’re drowning in details and minutiae? Have you got too many things running around in your head? Feeling overwhelmed by it all? Does it make you feel that you can never reach the bigger goals because the little stuff is dragging you down? Congratulations! You are not an alien and
“He who thinks he is leading but has no one following him is only taking a walk.” – Anonymous Being a leader was not necessarily the role you consciously went for when you chose to become a denturist. However, now that you are the owner of a practice, it is best to know everything you
Everybody wants to be proud of where they work and to feel like their time is well invested into something that matters. Obviously in a healthcare practice, your purpose is to do wonderful things for your patients and clients and that is DEFINITELY something to be proud of. (It is actually why our company decided
Just as products have a life cycle or shelf life, so do business owners and managers. You can go from the Fun Stage (when you first started up) to the final stage of “I hate my business and I want out” (which can go on for many years). The question is: Can something be done
This article about discounting your fees has graced the pages of Denturism Canada a number of years ago. However, the issue continues to rear its ugly head, so we wanted to “play it again.” The theme is: Be the BEST and get compensated appropriately, or how to eliminate discounts in a practice. By discounting, you
Have you ever thought to yourself, “I should get up and get this ____ done.” And it didn’t happen. Or have you seen someone give a weak order, “You should move those files someday.” And it didn’t get done. One skill that great leaders have that puts them in control of situations is the strength
The prophets of doom and gloom have raised their ugly heads again, and are predicting a major recession. Yawn. The Art Of Management worked with clients throughout the severe “recession” of the early 90’s and saw strong growth by our clients throughout those 5 years. Yet at the same time, most other practitioners suffered losses.
Some days you might feel like throwing in the towel. Walking away from it all might seem like an option. “Just waiting for one more thing to go wrong, and then that’s it, I’m outta here!” Hmmm … First of all, don’t think that you are the only one who has ever had those thoughts.
Do you ever feel lost some days? Like, why are you here, doing what you’re doing, on a treadmill of show up for work, do work, go home from work (and perhaps take some home with you)? Don’t know which is the right way to take your practice next? Or, you know that it’s not
How you look, talk write, act and work reveal your professionalism or lack thereof. Society does not emphasize the importance of professionalism, so people tend to believe that amateur work is normal. Many businesses accept less-than-great results. Schools graduate students who cannot read. You can miss 15 per cent of the driving-test answers and still
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