by [email protected] | Oct 27, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
Statistically, 91% of consumers say they will switch to a brand that supports a good cause given similar price and quality.
Back when I was still active with my dental practice in Vail, I created the “Monthly Give,” wherein we give a portion of the collection to our chosen nonprofit organization every month. We started in 2012 with a 1.2% allocation for charity and slowly ratcheted it up every year as our profit grew bigger and bigger. How can we be generous with giving as we grow?
In today’s episode, I’ll talk about cause marketing — how it works, how your organization can get involved, and how it can benefit your team, your organization, your patients, and the community you are serving. Then, I’ll share steps to successfully create a cause marketing drive and address the objections to spotlighting your philanthropy. Finally, an anecdote from one of our patients clearly shows how impactful generosity is as it creates a powerful domino effect.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “There are more benefits in cause marketing than just writing checks and knowing that they will help people’s lives easier and better.”
- “In each monthly meeting, a time is dedicated to nominating the next nonprofit partner.”
- “There should be a priority system that needs to be built out.”
- “This is not giving back. Giving back assumes you took something. This is just generosity. This is just giving.”
- “The more you grow, the more you get to give.”
- “There’s no one that doesn’t benefit from a good cause marketing.”
Featured on the Show:
by [email protected] | Oct 20, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
What are we doing to ensure that we’re not presenting treatment in a skeptical environment and inadvertently generating negative marketing for ourselves and our businesses?
Research shows that 55% of all communication is in the body language, 38% is in the tone of voice, and 7% is in the actual words spoken — all of which make up the overall impression we give out to our patients.
The way your patients perceive your practice impacts every decision and action they take. This perception has a rippling effect on your confidence, staff, potential customers, and business security.
In today’s episode, I’ll share with you two contrasting personal stories on what enthusing client is and what it’s not. Then, I have some tips that you can train your team on to ensure you’re generating high-trust case acceptance in your practice. I’ll also talk about the importance of picking up non-verbal and social cues to reciprocate appropriate responses.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “If we don’t do our practice in a trusting environment, it can generate buyer’s remorse and resentment if something goes wrong.”
- “Too often, we hang too much on what our patients are telling us, and sometimes they are not candid.”
- “We have to make sure that we’re picking up on the tone of voice and body language before we’re really satisfied that this person is scheduled for the next phase of treatment.”
- “If we don’t read their body language, we can inadvertently scare and confuse the patient.”
- “The possibility is that we appreciate that body language doesn’t lie.”
- “The goal that we must establish and the intent that we should have is that every patient all day long is seen, heard, and felt like we’ve let them know that they matter to us.”
- “You should look for a long-term relationship because it pays dividends again and again and again.”
- “Your team is your eyes, ears, and spokespeople, so they must be good as you are, if not better.”
Featured on the Show:
by Karah Karah | Oct 13, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
“Honour may not win power, but it wins respect. And respect earns power.” — Ishida Mitsunari
Apparently, even though a large number of dental practice owners believe that team success is essential, they also admit that only 1 to 2 members of the team are effective — a brutal truth that most practice owners have to face. Every business aims to foster an atmosphere that brings out the best in everyone because it will translate into a positive experience for both the team and the patients. The big question is, how do you transform your team’s hubristic culture into a team-centric mindset.
In today’s episode, I’ll talk about the factors that drive an honor business and a hubris business, and why it is important to know where your practice stands between the two. I’ll also share the five elements that I want you to examine about your business. I prepared insightful questions that you need to contemplate to set yourself up for an excellent 2022.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “The more divided our society gets, the harder it is to align a team.”
- “If we’re going to be a growing organization, we have to challenge our comfort zone.”
- “Environment is everything. A big part of being a good CEO is helping the team see the vision, you’re continuously selling that vision, but you also have to give them the tools and the training to succeed.”
- “Collective confidence: When people come to work each day, they believe that this team will be successful no matter what.”
- “If you’re willing to do what other dental practice owners won’t do, you will reap the benefits.”
Featured on the Show:
- I appreciate your feedback. Let me know what you learned and loved here: [email protected].
by [email protected] | Oct 6, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
What’s your favorite movie of all time?
I can greatly identify with the Rocky series’ story of resilience and perseverance, both onscreen and the underlying story on how Sylvester Stallone fought all adversity to have the movie get its screen time. It’s been my go-to movie whenever I’m confronted with roadblocks.
All of us went through one of the worst times last year, and it has tested our character and faith. But, it has also been a period of discovery that we’re far stronger than we thought we were.
In today’s episode, I’ll be talking about resilience. The difficulty we face as practice owners have exponentiated to a great degree in these crazy times. I’ll share three ways to keep a proactive stance on resiliency in dealing with adversity, rise above the occasion, and get back up better and stronger.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “Make sure that you’re setting 90-day goals that bring out the best in you and your team.”
- “In being resilient, we can see opportunities in these radical shifts. You have to be aware and stay on offense so you can seize them.”
- “It’s better to be proactive and stay in the offense during turbulent times than to be caught off guard.”
- “Resilient businesses would need resilient cultures, and resilient cultures require resilient leaders.”
- “Sometimes positive thinking will keep us in denial of what is. We can face the brutal facts; we can look at the reality of what is and still be hopeful.”
- “In difficult times, we have to stay purpose-driven.”
- “Adaptability, mental agility is a hallmark of resilience.”
- “There are always lessons in deep, dark, difficult times; there are always gems to be mined.”
- “Sometimes in business and life, we have to color outside the lines and do whatever is required.”
Featured on the Show:
by [email protected] | Sep 29, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
5% of people are hard-wired for integrity, while 5% are hard-wired to lie, cheat, and steal even if it doesn’t benefit them. Interestingly, 90% of people will lie, cheat, and steal given three things. Listen in to find out.
We always attribute “stealing” to something tangible, not realizing that there are some abstract constructs that directly affect the practice’s finances.
In this episode, I will discuss the three things that make 90% of people subscribe to some degree of misgiving, why assessing character is complex, and what you can do about it. I will also share my insights on how you can differentiate the strong character from the weak and thoroughly assess your potential hire’s personality before introducing them into your culture.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “There’s nothing more viable in your practice than your character as a leader and the character of your team.”
- “Money doesn’t have a conscience.”
- “What really exposes our character is difficult circumstances.”
- “Strong character comes from the feeling of security and self-worth.”
- “Weak characters are overcome by the circumstances.”
- “Think about the character in your hiring. Think about this collective character that is not only additive but creates a synergistic effect for better or worse.”
- “Make sure that you’re not too simple in your interview questions.”
- “Your home environment and work environment can bring out the best in you or the worst in you.”
- “We need to have a growth mindset and understand that you can become whoever you want to become.”
- “We all have things that we put in our backpacks as little kids and carry with us into adulthood that don’t serve us, that don’t service our practice, that don’t serve our patients, that don’t serve our team.”
Featured on the Show:
by [email protected] | Sep 22, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
“Until you make the unconscious conscious, it will direct your life and you will call it fate.” – Carl Jung
How’s your relationship with yourself, your profession, and with people? Are they standing in the way of enjoying the abundance of the dental profession? Or is it your thinking that’s killing the cash flow?
Money is not meant to be chased; you need to attract them. And learning from experience, it’s not all about skills and work ethics. Of course, it is essential, but what’s blocking the flow lives within your psyche, and a little re-wiring will help attune your practice to the cash flow.
This episode will talk about the three mental monsters that kill cash flow and how your thinking can quash these monsters by bringing out your unfair advantage. I will also touch on how you can take charge of your thinking and focus on adding value to yourself, your team, and your patients to address your financial worries.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “If we don’t have proper architecture, both the enjoy and the cash flow becomes difficult.”
- “Many dentists are frustrated because the clinical skill alone doesn’t cut it.”
- “The way we think causes money and quality of life.”
- “The power of the skill stack is either divided or multiplied by the way we think.”
- “Make sure that your mind and thinking is serving you, your goals, and your business.”
- “What really unleashes a business are business skills, leadership skills, and sales skills.”
- “We can change our thinking if we are deliberate about it.”
- “Make a list of reasons that you’re worth more per hour than you’re currently paying yourself.”
- “If we focus on what we’re getting and not focusing on what we’re giving, that can enhance our scarcity thinking.”
- “Money always follows unique value.”
Featured on the Show:
by [email protected] | Sep 15, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
“Togetherness, for me, means teamwork.” — Walt Disney
Yes, Disney’s taking our money — money that we gladly give. In fact, we work our fingers to the bone just for us, and our loved ones enjoy a moment of pleasure in the happiest place on earth.
But what is so great about Disney that we’re willing to do prodigal spending to the extent of cutting costs on essential expenditures like dental care? Can we adapt and make the Disney magic work in our practice?
In this episode, I’ll delve into the principles that make Disney appeal to the core of our senses. The reasons why we trust the company and will continue to spend our money on them even after the magic no longer works on us. And most importantly, how our practice can learn from the values that Mr. Walt Disney himself established to which the company is built upon.
Disney’s taking our money. Wouldn’t it be fair to “steal” their strategies in enthusing clients and recover the money we’ve willingly given to Disney?
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “We oftentimes lose sight, or we don’t fully appreciate who our competitors really are.”
- “We can steal like an artist and understand the principles that allow some of these big companies to take the healthcare dollars and put them in their pocket. This way, we can generate more loyal patients, better case acceptance, and referrals.”
- “If we’re working under the assumption that Disney is one of our competitors, it would be wise for us to understand some of the principles that allow them to consistently enthuse their clients.”
- “There are unlimited things to make sure that the patient feels that your place is clean and safe and a place where they want to continue to have healthcare.”
- “We want to go into a business, whether healthcare or not, that is courteous.”
- “Efficiency is shifting the pendulum from “needing more resources” to “I am resourceful.””
- “Your competitor is anyone who’s creating a reallocation of precious healthcare dollars away from healthcare.”
Featured on the Show:
by [email protected] | Sep 8, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
“The day firing becomes easy is the day to fire yourself.” — Tom Peters
Kid you not — firing someone is never easy. It’s not only the investment in training, tools, and all things to help them grow, but more importantly, the emotional investment not just by you but by the whole team. And if letting go of your people becomes frequent, it makes you question your hiring process, the work culture, and even yourself. There’s nothing worse than having to fire someone. It’s agonizing but necessary, especially if it’s already ill-affecting the workplace. So the question is, what’s the nicest way to let go of an employee?
In this episode, I will share TIPS (not legal advice) on how to fire someone in the nicest way possible. Like I mentioned a few podcasts back, your goal is to provide your employees with all the training, tools, and support needed to prepare them for their future employment. You can’t keep them forever. The best compensation you can give your employees is to contribute to their employability.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- If you get the culture right, it becomes an immune system.
- Firing gets easier, but it’s never easy because we care about these people. Essentially, hiring them is betting on their success.
- Sometimes people slip through the cracks. You hired right, you onboarded them right, you gave them all the tools and the training to succeed, and they’re just not a fit — either culture-wise, productivity-wise, or both.
- There are some people in our organizations that aren’t going to be productive; they’re not going to be culture fits or a combination of them.
- In today’s day and age, you need some litigation protection support, and it’s a good idea to consult an attorney before you fire somebody.
- If you’re going to terminate somebody, it should not surprise them or the other team members.
- Your number one job is to defend the mission and culture.
- If anyone is underperforming for a lengthy amount of time, they are not comfortable at work; they are just there to get the money.
- Even your best performer can go and turn on you.
- If somebody is not contributing and is eroding the culture, then you must let the person go.
Featured on the Show:
- I appreciate your feedback. Let me know what you learned and loved here: [email protected].
by [email protected] | Sep 1, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
“If I were the devil, I’d soon have families at war with themselves, churches at war with themselves and nations at war with themselves until each, in its turn, was consumed.” — Paul Harvey
I’m not being political, religious, or whatnot, but Paul’s strong message in his 1965 broadcast has proven to be prophetic — how elements of good and evil are at play in constant dynamic throughout global history. You might think these are inevitable in the grand scheme of things, but these are more imminent in our practice. One thing is clear — an organization is created or destroyed from the inside out. Hence, the critical question right now is, “Where do we go from here?”.
In this episode, I’ll dive into the psychology of destroying the practice from the inside. Then, I’ll cover the four elements you need to stop to avoid negativity and toxicity in your practice. Ultimately, it would help if you quickly diagnose when your mind isn’t serving you and your goals, patients, and vision before falling into the dark side.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- If we know how to destroy a dental practice, we know how to build it up very quickly.
- Stop your blame. It’s your practice, and if you blame other things, outside forces, you’re giving away the power to create a vision and bring it into reality.
- If you’re in a conversation with villains and heroes, no one’s coming to save you. That’s a position of weakness, and we have to get you back into creator mode.
- My practice is not limited by its opportunity. It’s limited by its leader.
- Excuses and reasons are just an attempt to lessen the blame that you’re attaching to yourself after a mistake, a mishap, a wrongdoing, an upset patient.
- If you can change the situation, then do it. If you can’t, then you are forced to accept it.
- Stop speaking ill of others even if you feel that they deserve it.
- Being 100 percent responsible doesn’t mean beating yourself up.
- We need better leaders in these wild times.
Featured on the Show:
by [email protected] | Aug 25, 2021 | Prescriptions for your Practice
Podcast: Play in new window | Download
“Not everything that can be counted counts, and not everything that counts can be counted.” — Albert Einstein
Money is necessary to put up and run a practice — we can’t argue with that. But, it is not the be-all and end-all. The money supports our basic needs, goals, and security, but it cannot create a purpose in and of itself — and that’s what I want to talk about today.
In this episode, I will share with you things that are not necessarily money-centered but can provide a significant impact on your business and even drive profits. These key indicators that aren’t focused on a dollar figure but are profit-magnets will keep you, and your staff performs at their best.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “If we treat money as a math game, we lose track of what really drives profits.”
- “If a business is human-centered, you can have all of the profits that you want. But if a business is profit-centered, then you’ll end up invariably taking advantage of people.”
- “Trust, enthusiasm, and value are all emotional events. And employees’ morale and motivation drive productivity. Your energy and focus and stack of skills drive business growth.”
- “A bad day for you can turn into a rut, and a rut can turn into a pit.”
- “You can’t expect your team to be enthusiastic about their job if you’re checked out. The tone is set at the top.”
- “You should be mindful about what you’re putting into your eyes and your ears.”
- “The key components of a strong culture are safety, hope, optimism, resiliency, and efficacy.”
- “What keeps you enthusiastic will keep you productive.”
- “Referrals are the most viable thing in your business.”
- “Case acceptance starts at the moment somebody hears about you.”
- “A strong referral system can double or triple your marketing return on investment.”
Featured on the Show:
- I appreciate your feedback. Let me know what you learned and loved here: [email protected].
