PUW 14 At the Brink of Practice Extinction Part II

PUW 14 Practice Under Water | Mystery Guest “Jim” Part II At the Brink of Practice Extinction   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, Matt and I are going to plunge into our interview, part II with our returning mystery guest, who we call "Jim." He contacted us out of desperation with his new start-up practice quickly going downhill and bleeding out at the rate of around $10,000 per month, with maxed-out credit cards, no savings, and no working capital! Jim is the textbook example of what NOT to do when you start your start-up: excessively spend on equipment, buildout, and leave yourself with no capital to run your business.   Digging in, we find out that Jim is not well-trained in any dental specialties - even Invisalign. A walk-in customer came in and purchased his membership package, paid cash, and asked for this treatment. George discusses how he can handle patients who are looking for treatments outside of Jim's repertoire.   George also learns that Jim doesn't have a good idea of how to approach patient care or how to consult patients. George encourages Jim to get out of his comfort zone one step at a time. George suggests treatment philosophy confidence for Jim, especially when he has comfortable customers and more clinical time available.   Listen in to find out how Matt jumps into Jim's skills and what he can easily add to his clinical toolbox to boost his monthly income to get him out of his financial storm. Find out how George encourages Jim to let go of his fear and being more focused on what he spends his time and energy on his business.    Interested in 1-on-1 coaching? Email [email protected] or [email protected]. 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!   Subscribe to get today's practice dashboard emailed to you now.   Would you like to be a guest on the show?   Copy and paste these questions on the email.  Email [email protected]   Tell us:  About your practice: number of employees, their roles, your location, number of chairs, what procedures you obtain your income from Goals for your practice A vision where you would like your practice to be, where you would like to go Where do you believe you are falling short in your practice? How are you getting in your own way to success? Why isn’t the practice performing the way you would like? What would you like coaching for?   Links | Resources Practice By Numbers Practice By Numbers Facebook Group