If you are a freshly graduated or soon-to-be dentist,
your choice of career makes you among the luckiest people
in the country. When U.S. News and World Report compiled
its recent annual "100 Best Jobs" review, where they
evaluated considerations such as growth potential, income and
lifestyle, dentist ranked number-one on the list. Not only that,
when it conducted an analysis to forecast the best jobs in 2020,
dentistry was still right up there among the most rewarding and
most in-demand professions. Your future is rich in so many ways.
But here is a vitally important thing to know: Exactly how
rich and rewarding your career is depends on some crucial
choices you make right now. Dentistry is a profession
that practically guarantees an adequate return
to anyone who puts in the minimum effort. But if the
words "minimum" and "adequate" don't excite you, don't
worry. This is a profession that has spectacular possibilities
for those who have the passion and drive to explore the full
range of their abilities.
The Three Stages of a Successful Dental Career
Over the years, I have analyzed thousands of dental practices
and coached countless dentists, many of whom have gone on to achieve the highest levels of success in the profession. In that
time, I have come to realize that there are three stages that mark
the progression of almost every dental career.
The first is what I call the "Investment Stage," where you
put a lot of time and resources into launching your career. That
includes not just your schooling but the immediate years thereafter
where you are either buying a practice, building a new
practice or becoming an associate or partner. This is also a time
when a new dentist is typically going through other milestones
in life like getting married, buying a home or starting a family.
This all takes an enormous expenditure of money and energy.
But it is also an exciting stage in life, where you are earning a
good income for the first time and seeing rapid growth in your
personal lifestyle and in the practice.
Of course, that pace of growth doesn't continue forever, and
eventually you reach the "Plateau Stage" where the momentum
levels off. This is the stage where the "never enough time, never
enough money" obsession can take hold, as the needs and wants
of your lifestyle increase, along with your obligations. At this
point you might start to feel the uncomfortable pull of all
the "hooks" in you. You start
thinking about growing more
to meet the demands, but
growth is not as easy anymore
and chances are you are
already busy. So it ends up
being just a matter of "feeding
the beast" as best you can
to keep up.
Here is an important thing
to note: many dentists never
move beyond the Plateau
Stage. Some get comfortable at
this level, thinking "this is as
good as it gets," and they just
settle in for the long haul.
Some will make a half-hearted
effort to break out of the cycle,
with a few courses here or
there, or by trying new things
in the practice. Many eventually
become tired and disheartened
by the hamster-wheel
routine and start thinking
about early retirement.
But here is an even more
important thing to note:
many dentists do get off the
plateau and move to the next
stage. In fact, you probably
know some of them already. No doubt you have had mentors or instructors who have
become role models to you because of the way they have
achieved the ultimate success in dentistry (however you choose
to define that). These are people who went through the first
two stages in their careers, and then found a way to break
through to the crucial next step: the "Possibilities Stage."
This is the turning point stage where the really committed
dentist realizes that there can be more to his or her career than
performing mostly tooth-based dentistry day in, day out. It's
where the dentist comes to see that dentistry today has incredible
possibilities - for patients and for dentists - and makes the
choice to engage at a higher level. These dentists see that success
in life is largely determined by success in the practice, and
success in the practice comes down to excellence in two areas
above all: treatment planning and case acceptance.
As my partner, Dr. Frank Spear often says, you can only treat
what you see, so it makes sense to get the kind of advanced training
that will help you see more. That is really the definition of possibilities
- seeing more. And once you have seen it, planned it and
presented it, it comes down to case acceptance, because you can only collect what the patient accepts. And in today's competitive
consumer culture, achieving ideal case acceptance is a result of
excellence in value creation. Face it; nobody puts aside money in
the budget for dentistry. People only afford it if they value it, and
it is part of any savvy dentist's role today to create that value.
It is at this point - the point where they need guidance to
break through to the Possibilities Stage - that a lot of dentists
come to Spear. They are looking for a philosophy, a road map
to life that will keep them feeling alive and growing and
engaged in the profession. And we provide it.
Just by recognizing and understanding the significance of
these three stages, you will be miles ahead of other dentists
who take a more "deal with it as it comes" approach. Armed
with this foresight, you will be able to ask yourself three crucial
questions:
- How long will it take to reach the Plateau Stage?
- At what level will I plateau?
- How long will I stay there before making my breakthrough
to the Possibilities Stage?
Determining the answers to these questions will ultimately
define the shape of your career. And getting the insight to provide
those answers is a process that should begin right now.
The Future Starts Now
The sad fact is that the average dentist invests about $900
a year in continuing education - less than what most of them
spend on their cell phone plans. They take the minimum
mandated amount of education, whatever is available locally
and conveniently, and they go about it in an unfocused, piecemeal
way. That is what the average dentist does. And that is
why they are average.
If there is one thing that dentists who reach the
Possibilities Stage have in common, it is that they have an
investment mindset. They are not just prepared to contribute
the resources to fulfill the needs of that first Investment Stage
but they're also committed to invest in themselves to get the
most - and deliver the most - in every stage of their career. It's
about recognizing that being a high-level dentist is about
being an entrepreneur, and that means devoting entrepreneurial
energy right from the start.
I recognize that this can be a difficult thing for a new dentist
to accept. When you have just spent several years and thousands
of dollars becoming a dentist, the last thing you want to
hear about is spending more time in a classroom. But education
at the post-grad level is different. The education you get
in dental school is what is required to get you started in a
career. It's about providing the foundation for a career in dentistry.
What you do to build on that foundation is up to you.
The new consumer landscape has created a new breed of
dental patient. Your competition is not other dentists; your
competition is all the other discretionary choices patients have
when it comes to spending their money: the cars, the big screen
TVs, the iPads and the vacations - all the things they are willing
to go into debt for. If you are going to compete in that arena,
you have to be ready to deliver an experience that meets today's
consumer expectations. You have to be ready to deliver dentistry
at the possibilities level. And that requires a level of education
that goes well beyond what you learn in dental school.
Discretionary dental education is a lot like discretionary
dental care. Just like the patient who says he can't afford the
comprehensive treatment you are presenting, it's easy to say
that you're not ready to commit to an education plan right
now… maybe next year. But what is going to be different next
year? Just like that patient, if you truly appreciate the value of
what it can mean to you, you will find a way to afford it. And
just like that patient, if you don't commit to it today, you're
probably never going to get around to it.
These are the three stages you can expect to encounter in
your life as a dentist and the three questions that define your
career. One simple recommendation to make the best of it:
start now. If you are serious about making the most of this
extraordinary opportunity to excel in the best job in
America, you have to do it right, and you have to do it right
from the start.
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