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Adding an Associate
Know when to add an associate… and when to hold off.
I get asked frequently about how and when to bring a new associate onboard. Many dentists think a new face will make them less busy and increase the profitability of their practice literally overnight.
Unfortunately, it’s not that simple. Most of these expansion hopefuls can find more profits and less stress just by modifying their business approach and tweaking their scheduling techniques to get more work done in less time – without feeling hurried or frantic.
Adding a new associate can be a good choice for your practice, but it can also be accompanied by many hidden pitfalls. If it’s on your mind, I can walk you through how to:
- Determine if a new associate is really the right choice, based on patient volume, facility space and overhead
- Create a comprehensive “to-do list” before bringing someone new into your practice
- Prep for your new business relationship from a legal standpoint, so it’s smooth, predictable sailing from day 1
- Plan and structure the relationship so everyone is on the same page
- Structure pay and benefits so your associate(s) will think your offer is attractive and fair
- Introduce your new associate(s) to your new and existing patients
Like most things in life, bringing in a new associate is easy once you have sufficient experience. As a general dentist for 24-years, I know the ropes and can be a valuable asset if you’re interested in expanding your practice.
Contact me today for a completely free consultation.