Category Archives : Running a Practice

Storyboarding Your Abundant Practice Future

Getting clear on what you want first for your practice is essential for your success. A way to get started is for you to storyboard your practice future. What I mean by that is setting a vision for what you actually want your practice to look like. You want to create the practice that you […]

Know Your Numbers in Your Practice

• Accurate bookkeeping with full accrual accounting on a monthly basis Accrual accounting is one of two accounting methods, the other being cash accounting. Accrual accounting measures the performance and position of a clinic by recognizing economic events regardless of when cash transactions occur. This method allows the current cash in & out to be […]

How to Avoid Practice Failure – Part 9

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: Critical business skills Here are 5 areas of critical business skills that you need to successfully […]

How to Avoid Practice Failure – Part 8

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: Ineffective processes People throw around the term “process” quite a bit. In some circles, it has […]

How to Avoid Practice Failure – Part 7

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: • Lack of Strong Leadership I believe that the real reason for the failure of many […]

How to Avoid Practice Failure – Part 6

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: Inadequate financial planning Of the number of practices that fail each year, I believe a good […]

How to Avoid Practice Failure – Part 5

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: Underestimating the competition To help you avoid underestimating and consequently losing patients to your competition, here […]

How to Avoid Practice Failure – Part 4

Misunderstanding What Patients Want Misunderstandings and miscommunication are bound to happen with patients, but it’s how you handle them that’s important. No matter who’s at fault, these are the three areas you should address when clearing up a problem with your patient. Strategize the best and lowest cost options before going to the patient. Normally […]

How to Avoid Practice Failure – Part 3

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: • Failure to establish clear goals and objectives 1. Your clinic goals serve four basic functions; […]

How to Avoid Practice Failure – Part 2

Some ‘key’ mistakes while developing your practice plan can cause your new clinic to fail; lack of research and lack of preparedness. Avoid becoming another failed clinic by making sure you don’t commit to those mistakes and the following: 1. Lack of a long-term clinic vision It is too easy to lose sight of the […]