Synergize means to combine everything you’ve learned to create something that’s better than the sum total of the separate pieces. It’s an opportunity to transform your practice from an ordinary dental practice into an extraordinary practice. This habit isn’t for everyone, but those with the courage to embrace synergy will create an environment of creative problem solving and constant improvement in their practices.
Not just about the money, but you’ll make more
With all parts of your practice working together, you may find you can do more with less. Expenses that don’t add to the value of the whole can be cut. Being part of an extraordinary practice can inspire everyone to do more than expected.
Synergize means approaching your succession plan and your practice with the belief that everyone will benefit. When your focus shifts to the whole, you’re not just trying to make a lot of money. But that will be the side effect of creating a practice where everyone wins.
It’s not my way or your way, but a better way — a Win/Win for everyone.
Communication is key
Your habit of empathic listening and understanding will come into play here. Regular and frank discussions with everyone — your staff, your family, and your business advisors are essential. Openness in communication develops trust, And trusting that everyone is on the same side is what’s needed for true synergy. The best ideas just might come from unexpected places.
Perhaps your hygienist has a brilliant idea for reducing the no-show rate. Maybe the best successor to your business is that new part-time college student receptionist, who needs your support and encouragement to go to dental school. Or a patient might point to an unnecessary extra that can be cut out and save thousands of dollars. A piece of junk mail might be the source of inspiration for a successful marketing campaign.
It’s not about who has the best idea, but how the best ideas can be implemented for the best outcome for all. You'll never know if you don’t listen.
Interdependence not independence
Synergy means that all players work together to support each other. Everyone has a specific role to play for which they take full responsibility. Yet everyone’s also looking for ways to help make everyone else’s job easier and the patient experience better.
Are you ready to launch your practice to the next level and discover the synergies locked inside your practice? Let’s work together and create something extraordinary together. Call our office today so we can help you reach your goals.
Eric Burgmaier, CPA, CVA is a Certified Valuation Analyst and can help you build a valuable and profitable practice. Call our office today at 505-492-2440 and talk to Eric about steps you can take today to put more dollars in your pocket now and throughout the life of your practice! Stay tuned to learn how to transform your practice into the best and most valuable it can become!