Are you feeling a little overwhelmed, overworked, and possibly even underpaid? Well, my dear friends, fear not! It may be time to consider hiring an associate.
Now, I know what you’re thinking. “But guys, how do I know when it’s the right time to hire an associate?” It’s a great question, and one that requires some careful consideration.
First things first, take a good look at your schedule. Do you find yourself overbooking appointments, running behind on procedures, or just simply feeling burnt out? If so, it might be time to bring in some backup.
Next, evaluate your patient base. Are you constantly turning away new patients because your schedule is already filled up? Or are you struggling to retain current patients due to long wait times and limited availability? If this sounds familiar, it’s probably time to start thinking about bringing in some extra help.
Another factor to consider is your financial situation. Hiring an associate can be a big expense, but it can also provide a great return on investment. Take a look at your revenue streams and projections with your financial advisor to determine if bringing in another dentist makes sense for your bottom line. (Don’t have an advisor? You’re in the right place.)
And finally, don’t forget to consider your overall quality of life. Are you feeling stressed, exhausted, or burnt out? Hiring an associate can not only improve your work-life balance but also give you more time to focus on other important aspects of your practice. You should have your cake and eat it too!
So there you have it, folks. If you’re feeling overworked, have a growing patient base, are financially stable, and could use more time for yourself, it might be time to consider hiring an associate. Plus, who doesn’t want a partner in crime to share their dental jokes with?
If you are weighing this option in your office currently and would like to discuss it with a financial professional, shoot us an email with any questions you may have at info@bluewaterdentaladvisors.com
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