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Welcome to the Shared Practices Podcast

NAVIGATING THE PATH TO SUCCESSFUL PRACTICE OWNERSHIP

Aug 30, 2019

Episode 01-05

Practice Under Water | First Mystery Guest “Jane” Part II

 

 Interested in 1-on-1 coaching?

  • Email george@sharedpratices.com or matt@sharedpractices.com.
  • Tell us about yourself, your business goals, where you are currently in your practice at and where you would like to be in the next year. 
  • Send us your information to see if we would be a good fit for you!

 

To get today's practice Practice By Numbers dashboard snapshot, click the following link: 

https://pages.convertkit.com/f0d9fa2c7e/891325bc90

 

Practice Under Water brings together dentist and dental practices into our interview space, with a twist! For our new Practice Under Water episodes, George and Matt will be diving (pun intended!) to the deep end of the swimming pool with mystery guests. They will ask them driving questions to find out how they are growing their business, mistakes they've made and how our guests have made their comeback through trial and error. Practice Under Water is designed to enhance the dentist's lives by moving past difficulties to experience joy.

 

Today we are picking up from PUW Episode 04 with Jane. She is a female entrepreneur who asked to be on the show for a deep dive into her new business. She was interested in finding out what pieces of her practice weren’t performing as well as she would like them to perform. Jane currently doesn’t track her numbers like she should and wanted to know what she is missing in her practice.

 

Digging in, I find that Jane is treating very well and she is in the top 10% for several factors, but she doesn’t believe she is doing well. She talks about getting past “being productive equals being extremely busy.” She does minimal marketing as her practice is booked out well in advance. Jane admits to being a phenomenal owner, but a terrible associate. She is banking over $145,000 a month in production with her overhead being $35,000 a month (see bonus PDF for this episode). Jane chats about building outsmart and having low overhead to increase revenue.

 

Listen in to find out what Jane can do to bring her practice closer to $1.5 million in revenue.

 

Would you like to be a guest on the show?

 

Copy and paste these questions on the email. 

Email practiceunderwater@gmail.com

Tell us: 

  1. About your practice: number of employees, their roles, your location, number of chairs, what procedures you obtain your income from
  2. Goals for your practice
  3. Vision where you would like your practice to be, where you would like to go
  4. Where do you believe you are falling short in your practice?
  5. How are you getting in your own way to success?
  6. Why isn’t the practice performing the way you would like?
  7. What would you like coaching for?

 

Links | Resources

Practice By Numbers

Practice By Numbers Facebook Group