by [email protected] | Feb 23, 2022 | Prescriptions for your Practice
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According to Andy Grove, Productive Paranoia is the ability to be hyper-vigilant about potentially destructive events that can hit your company and then shift that fear into preparation and clearheaded action.
How much time do you spend on offense when facing challenges in your practice? Based on my experience, 90% is the magical number, enough to grow the practice, team, and patient demand. What about the remaining 10%?
In today’s episode, I’ll talk about that 10% defensive mechanism and the steps into productive paranoia that will help you create something that’s not susceptible to market and economic shifts. I will discuss some essentials to ensure that you’re a good steward of that cash flow and that you’re preventing a downside. As you listen in and enjoy the podcast, I hope you put it into action, implement some ideas from today, take notes and get a little more prepared through productive paranoia.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “You, the doctor owner, are the number one asset in the practice.”
- “Busyness does not equate to business, and it needs to get rid of the undisciplined motion and the wasted time motion in the practice each day.”
- “A productively paranoid practice sees the power and series of thoughtful “What if…” questions. And working through these dangers, you can create effective actions and clearheaded preparation that ensures that your practice flourishes no matter what happens.”
- “Make sure that you maintain your calculated aggressive optimism forward-moving; stepping into your vision-type posture is really important, but not to the point of being naive.”
- “Nothing fails like success.”
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by [email protected] | Jan 26, 2022 | Prescriptions for your Practice
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Scarcity in abundance. These terms get a little overused, like gratitude, blessed, abundant. We can feel these things, or we can use these things as tools. And the problem that I see here is that we’re living in a vortex of scarcity. We quickly get lost in the labyrinth of overabundant resources that we fail to focus on and address issues that will keep our culture and practice sustainable.
This week’s topic is enjoying cash flow. Today’s episode talks about how you can use abundance as a tool or develop tools that lead you to abundant thinking that make sure that you are taking suitable risks and making the right choices for today, tomorrow, and the future. So listen, take charge, and lead the way!
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “Social media is really designed to create insecurity.”
- “We very intentionally engineer our days to keep us focused on what’s good and what’s possible. Thinking abundantly helps you enjoy cash flow because you’re seeing the opportunities, and you’re taking the calculated risks that keep a practice growing and evolving right.”
- “If you’re going to transform a business or a person, it all starts by transforming a story.”
- “We have to realize that our brain is not designed for wealth. It’s not designed for prosperity. It’s not designed for great days. It’s designed to keep you safe and alive.”
- “Optimism needs to be had with a healthy dash of skepticism.”
- “If you don’t show up with real hope and real abundance, forget about it. Your team is not going to either.”
- “Since I was a little kid, they would say, You are what you eat. Now a lot of our diet comes in from our eyes and our ears because of media.”
- “An investment in your team and your patient experience is the most profitable and predictable investment out there.”
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by [email protected] | Dec 22, 2021 | Prescriptions for your Practice
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“Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness, that most frighten us.” — Marianne Williamson
Have you ever experienced something that you thought was bad but turned out to be for your own good? Or have you ever stepped in and made a bad situation better? Either way, you can feel that great power is at play in every situation.
You can be powerful and use that power as leverage to multiply your gains in your practice. As the famous line goes — “with great power comes great responsibility.” Just make sure that you use your power in influencing others to discover their potential.
In this episode, I will discuss how to enjoy more cash flow and the six greatest sources of power in your practice. So if you want to embrace the real leverage points in your business, acknowledge the untapped potential in your practice, and turn more of your ownership and obstacles into opportunities so that you can really take charge of that income, then stay tuned.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “When you’re constantly seeing power put in a negative context, it naturally becomes something that many of us disowned because we start to see it as power is bad.”
- “Most of our educational pathways teach us to blend in — not to be creative, not to be powerful, not to color outside the lines.”
- “Power is something that we need to embrace in practice because it’s just making sure that we’re more efficient and more effective in delivering the goods, the services, the experiences, that we want for our patients.”
- “We’re in a high transaction environment, but if you’re willing to play the long game and intentionally build a reputation, this can be a huge source of power because few are willing to pour into this.”
- “Clarity can bring certainty, and certainty will bring confidence for you and your team and your practice and your patients, and that all leads to cash flow.”
- “A lot of times we’re adding, we’re buying things. When in reality, the next biggest leap in our practice is literally hidden in plain sight.”
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by [email protected] | Sep 22, 2021 | Prescriptions for your Practice
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“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.”
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