Each individual dentist must define for himself or herself the meaning
of practice success. However, from a business perspective I would
define it succinctly as a practice that is as profitable and enjoyable as
possible.
Creating business success is important because a profitable practice
allows you to deliver on your promise to provide the highest quality
care to your patients. A practice that is financially successful enables
you to use the best laboratories, employ the best team members, have
a state-of-the-art facility, use the highest quality materials, take comprehensive
continuing education courses, and deliver a high level of
customer service. A successful practice should also provide the doctor
and team members with appropriate compensation to live comfortably
in the present and provide financially for the future. A properly
managed practice can provide you with a thoroughly enjoyable work
environment and create financial independence for you and your team
members.
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