Becoming a Bonafide Dentist Entrepreneur

​Do you handle everything?

• Seeing patients​

• Making all the decisions​

• Organizing accounting

• Handling finances

• Marketing

• ​Human Resources

• Technology​

• Management of staff

• Late night phone calls​

• ​I must do everything myself to do it correctly.

• I do not have good talent on my team.

• In my market, I can’t hire good talent.

• ​The dentists who are looking to be hired aren’t great candidates.

• I keep hiring staff, but they are not good leaders.

• Staff members will need to complete entrepreneurial tasks.

• Staff members will let us down.

• Staff members will fail.

• Micromanage

• Do everything yourself

• Re​ly on outside talent

• Neglect career growth of current staff​

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Some text here about the topic of discussion

​Practice Business Organization

Practice, Business and Organization Levels of Business​

Each entrepreneur handles two parts of the business.

• Revenue Generation

• Business tasks

90% Revenue Generation​

If you are not present, the business dies.

You are doing all the work with your hands.​

Practice

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0-30% Revenue Generation

If you are not present, the business does not grow.​

Business

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0-5% Revenue Generation

If you are not present, the business continues to grow and may even perform better without you present.​

​Organization

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The goal is to move from practice to business and then to organization.

You work because you enjoy what you do and it is fun!

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​There is high level experienced talent in place.

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The growth is continual.​

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​Staff has mature leadership skills and can effectively problem solve solutions.

What Does the Organization Level Look Like?

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Utilize Quality Resources​

Implement strategies for development

Develop an abundance mentality

Accept failure is a necessity

Write Goals and plans to meet them​

Practice gratitude

Growth Mindset​

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• Process

• Systems

• Roles

• ​Skills

• Structure​​​

• Create defined work processes

• Write out and document

• Isolate, identify and target inefficiencies

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• Create predictable customer and employee experiences

• Enhance operational efficiency

  • Technology, financial tools, marketing, human resources, etc.

• Delegate and let go of control.

• ​Provide clear expectations for roles.

• Require personal discipline​.

• Measure and evaluate performance.​

• Coach staff to achieve high results.​

​What got you here, won’t get you there.​

Identifying Talent within Your Team​

• ​Match necessary skills to each role.

• Be clear about expectations and the desired outcome.

• Be open to asking the team who can fulfill the need.

• Be open to choosing someone who is not a high performer or upper management.

• ​Set the framework for how responsibilities and processes will be completed

• ​Develop structure after and in line with the previous four areas

• Design structure before you need it

• Dictate the process​

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Join the DEO today!

The DEO supports Dentist Entrepreneurs And Executives Who See A Future Bigger Than They Can Achieve Alone By Connecting Them With The People, Education, And Resources They Need To Grow Their Dental Groups And Fulfill Their Vision.

Thank you for attending. We look forward to helping you grow your business.