A study published in the Journal of the American Dental Association in January 2020 found that financial management is a key challenge for dentists who own their own practices, and that inadequate financial management skills can lead to financial difficulties and stress.
As a dental practice manager and owner with over 25 years of experience, I have seen firsthand the financial challenges that dentists face when managing their practices. This study confirms what I have known for years - inadequate financial management skills can lead to financial difficulties and stress.
When my husband graduated as a dentist and opened his practice, I saw how his lack of financial management skills was impacting our family's financial security. That's when I stepped in and set up systems for operational success, leading to significant growth in our technologically rich practice.
Since then, I have managed a specialist practice that was similar to where our practice had been 15 years earlier. I helped turn it into a thriving business by setting up operational systems, onboarding processes, and effective marketing strategies.
As a business consultant for dental practices, I bring a unique perspective to the table. I have experienced the challenges of running a dental practice firsthand, and I have the expertise to help other dentists and specialists avoid the same pitfalls. My point of difference is that I take a personalised approach to every client, ensuring that the systems and strategies I recommend are tailored to their specific needs and goals.
If you're a dentist or dental specialist struggling with financial management, I urge you to make it a priority to seek help from a business consultant who has worked in the industry. As someone who has been there and done that, I can offer valuable insights and advice to help your practice grow and thrive.
Let's work together to achieve your financial and professional goals - contact me today to learn more about my services.
To learn more about how I can help your dental practice, visit my services.
This is a personal blog. Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organisations that the owner may or may not be associated with in a professional or personal capacity unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club organisation, company, or individual.