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Episode 431

Do You Really Want Things to Return to Normal?

Host: Gary Takacs | Published Date: April 15, 2020 | Listening Time: 01:02:05

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Do you really want things to return to normal?

We certainly want things to return to normal. We want to be able to go out to restaurants, to interact and enjoy the company of people. I want to re-open LifeSmiles, to see and take care of patients again! And I’m sure many of you feel the same.

However, on the business side of dentistry, the concept of going back to normal isn’t nearly the same for many. 

If going back to normal meant going back to a practice that’s not sustainable or profitable, then my answer would be a “NO.”

We see many practices that are severely affected by COVID-19, but most of my clients are not negatively impacted by this. There is a reason for that.

Join us in today’s episode as we explore;

  • Why some practices are more sustainable than others
  • The difference between a profitable practice and a struggling practice
  • Steps to creating a better tomorrow for your practice
  • How to leverage your current free time to come back stronger once things start to roll out

Timestamps for this episode:

  • 03:26 > Introduction to today’s episode
  • 13:00 > Coaching in Action Section
  • 13:10 > Do you really want things to return to normal?
  • 14:48 > Emergency funds and low debt
  • 22:02 > Any dentist can grow their practice by $200,000 a year
  • 27:52 > Are you creating a legacy?
  • 28:48 > What would have to change for you to be able to create a legacy?
  • 29:26 > When would you be able to make those changes?
  • 37:17 > Thriving Dentist Q&A Segment
  • 37:31 > What can I do now to successfully reduce insurance dependence?
  • 44:10 > My overhead is high and I’m worried that I can’t pay my team what they deserve. Where do I start to improve my business financially?
  • 50:38 > Is now the right time to offer an in-office membership plan?
  • 55:42 > How do we make up all the missed hygiene appointments?

Have a question you’d like answered in the next episode? Let us know!

Resources

Life Smiles Dental Care Reviews

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Gary Takacs

Gary Takacs Gary became a successful practice owner by purchasing a fixer-upper practice and developing it into a world-class dental practice. He is passionate about sharing his hard-earned insights and experiences with dental practices across the globe.

As a dental practice coach, Gary provides guidance for dental professionals on how to create a healthier practice style that lets them deliver excellent patient care while reducing depending on insurance.

More importantly, Gary’s insights are not just based on theory – as a co-owner of a dental practice, he has first-hand experience in making this transformation from a high-volume and low-fee insurance model to a fee-for-service approach that is more sustainable and promotes a patient-centric and financially healthy dental practice, and he is dedicated to sharing this knowledge with other dental practitioners via the popular Thriving Dentist Show!
Connect with Gary Takacs on Linkedin
Podcast Assistance by Jodey Smith, Rodecaster Expert