3 Resolutions for Dentists in the New YearSubmitted by Creative Wealth Strategies on December 3rd, 2015
As the New Year draws near, everyone is thinking about resolutions. While everyone should make personal resolutions, it’s also important to set work-related resolutions.
For dentists, who are constantly juggling patients and paperwork, it can be tricky to carve out enough time to create resolutions, but you’ll be glad you did.
Before January hits, go out to lunch or have your front desk staff leave a two-hour appointment window open so you can sit down and think about what you want to accomplish in 2016.
To get you started, here are three potential resolutions every dentist should consider for the New Year:
1. Set goals
What do you want to accomplish in the coming year? Take a few minutes and write down some goals. Try to be as specific as possible. For example, rather than listing, “increasing patient base” as a goal, say “increase patient base by 20% for the year, with a 10% increase by June and another 10% increase by year end.” That’s a measurable goal that has benchmarks to hit.
After creating a list, prioritize it. This year, plan to focus on 3-5 goals.
Make sure each goal has benchmarks so you can work toward each one in increments throughout the year.
Hang the list of goals in your office, or somewhere that you'll see it every day as a constant reminder.
2. Conduct a time assessment
For one week, keep track of your day. Not just your appointments, track everything from checking inventory to administrative tasks. The idea is to evaluate your day and look for ways to make improvements.
For example, this exercise could reveal that you’re spending too much time performing procedures that could be delegated to your assistant or hygienist.
By delegating procedures your staff is legally allowed to perform, you’ll be free to work on higher level procedures. Thus increasing the efficiency of your practice.
Try using a smartphone app like Toggl to track how you use your time.
3. Analyze your financials
As the calendar rolls over to a new year, it’s a great time to look at your financial progress and make plans for the future.
If you don’t have a financial advisor, make it your resolution to find one. Here’s a list of criteria that dentists should look for in a financial advisor:
- Experience working with dentists
You want an advisor that works with dentists, not someone who claims to know the business. An advisor should be able to anticipate your needs and understand fluctuations in the industry, so don’t settle for any run-of-the-mill advisor.
- Get references that speak to success
Ask for references. Give a few references a call and ask their opinion of the financial planning process, the advisor's knowledge of dentistry and overall client experience.
- Set a meeting
Before hiring an advisor meet with him or her. It’s important to feel comfortable with your advisor. After all, you’ll be working with this person for years to come.
What resolutions will you make this year? Share your thoughts in the comment section below.