December
2003
Practice
Prosperity is so much more than just financial
freedom; it includes rich meaningful relationships,
happiness, health and life balance. When we align
who we are with what we do, and identify, integrate
and
implement
key strategies for success,
we open the door for opportunity...
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Top Ten Tips from Strategix
Operating a successful Dental Practice depends
not only on learning better and faster; it also
depends on the consistent application of learning,
combined with creativity and flexibility. All
areas of your practice must continually be addressed
in order to maintain a competitive advantage.
The following list provides an overview of what
is required to achieve Practice Prosperity:
1. Be Happy
Many people are on an eternal search for more happiness
in their lives. We should be careful though
to not rely on anybody or anything to make
us happy. Being happy is a choice we make,
it’s free for the taking, today.
2. Be a Vibrant Leader
Leadership is about creating the future with and
through people. It takes a well-founded vision
to create a high performance practice culture
where best practices are defined and then
consistently replicated. Leadership requires
us to lead from the inside out, which means
that we need a strong foundation in place
to inspire and empower others.
3. Develop and Implement a Strategic Plan
Strategic Planning provides focus for your Dental
Practice. It allows you to be proactive in
your approach rather than having to react
to your circumstances, continually operating
in a state of crises management. Among other
things, an effective Strategic Plan includes
a Marketing Plan and a Client Service Strategy.
4. Have a People-Centric Approach
Dentistry is about people, and the more you take
care of all the people you deal with, the
happier they will be and the more success
and happiness you will experience.
5. Create Balance In Your Life
Live your life in such a way that it honours all the roles you lead, such as: spouse,
parent, leader, dentist, boss, friend, etc.
The more balance we incorporate into our lives
the more happiness, peace and harmony we will
enjoy.
6. Work With a Strategist
Those that achieve the greatest successes in life
are those that work with experts to help them
meet their goals and objectives. World-class
athletes and top CEO’s all have someone
coaching them to success. Who is helping you?
7. Have Systems In Place
Systems are a series of principles and procedures
that are consistently carried out over time
until they become habits. Having systems in
place minimizes ‘how to’ questions
and allows each member of your team to fully
concentrate on taking exceptional care of
your patients. Also, by having your practice
systems in strategic alignment you will save
time and make more money.
8. Be Financially Responsible
There are multiple costs involved in running a
dental practice. Work with an expert to determine
where you are on your road to financial independence
and what you need to do to make your goals
reality.
9. Measure, Review and Modify Performance
Performance Metrix are
a great catalyst for change. When an action
is monitored that information can then be
assessed and the appropriate changes made.
Measurement encourages peak performance, which
in turn accelerates growth.
10. Enjoy Practice Prosperity
Success means something different to each one of
us. What is your definition of success? Take
the time to recognize and celebrate each and
every success you and your team experience!
Questions to Ponder
How effectively have you done each of the things
described in this article? On a scale of 1 - 10,
how would you rate your practice on:
- Having a leader that inspires and empowers?
- Developing and implementing a Strategic Plan?
- Having a people-centric approach?
- Multiplying performance by having clearly defined systems?
- Building a solid financial foundation?
- Measuring results in your practice?
- Celebrating success?
In which area did you score highest? Congratulations!
Please do not hesitate to contact me at coramarie@strategix-ltd.com
if you would like help or if you have any comments.
About
the Author
CoraMarie Clark,
MBA is recognized as a highly
effective dental practice strategist. She works
with dentists that want to optimize their potential
both personally and professionally. Her collaborative
approach has helped teams develop dynamic competitive
strategies and achieve high impact sustainable
results.
If you would like to explore the possibility of
having CoraMarie Clark
work with your Dental Practice or speak for your
Association or Group, contact us today.
CoraMarie
Clark
phone
403.686.6136
email
coramarie@strategix-ltd.com
web
strategix-ltd.com |
