Growing a dental practice can be as overwhelming as getting dumped in the surf.

It can seem like a swirling mass of priorities. It can be hard just to work out which way is up.

And it’s easy to get sucked into what other people are doing and wonder if you should take the same actions.

Well here’s a something you might not know. All practices go through the same stages of growth.

How is that helpful?

Well, each stage has certain characteristics. And each stage has priorities that you should focus on to achieve growth and stability.

So, if you know which stage of practice growth you’re at you can gain clarity. You can understand the priorities for that stage and propel your business forward.

For example, dentists in the start-up phase usually spend an extraordinary amount of time doing everything.

As they get their dental practice management, marketing and systems in place, they take a step back.

Let’s take a look at the five stages of dental practice growth so you can work out where you are, and where you should focus your energy.

We’re going to look at the stages of dental practice growth through income, in particular, EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation and Amortisation.

5 Stages of Dental Practice Growth

5 stages of dental practice growth

Knowledge is Power

Now you know where you’re at on your journey to grow your business.

You can kick confusion to the kerb because you have clarity. You know your priorities, and how to get to the next stage of business.

You know whether your business is practising to its’ full potential. Knowledge is power, so harness this newfound knowledge.

Take charge of your business and your destiny.

What’s that you say? “It’s not that easy!”

You’re right. It’s not easy at all.

Knowing the theory and putting it into practice are two totally different things. That’s why I’m offering you a golden opportunity to join me at my next Practice Max Intensive, Profitable, Scalable, Sellable.

My events are normally reserved for my coaching clients but I’m offering a limited number of spaces to this one event.

The bad news is that once the seats are gone – they’re gone. Wait, there’s more bad news because we’re inviting hundreds of people to this event even though we only have a couple of dozen spaces.

So check availability and get in while you can. Registrations close this Friday at 5 pm Sydney time. No extensions. No exceptions

You have the power to change your business and your life. Use it wisely.

 

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