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How Dental Consulting Is Changing And How You Can Leverage It.

The dental consulting industry is ever-changing. This means that dental consulting must adapt to these fast-changing times to stay relevant and succeed.

You may be wondering how best to leverage the dental consulting options that are arriving at your door. Whether you’ve hired multiple consultants in the past or are just considering it for the first time, some of these questions may cross your mind. Do I really need a dental consultant? What is it like to work with a dental consultant? Do I have time to benefit from a dental consultant? We’ll answer these questions and more.

Do I really need a dental consultant?

Dentistry is challenging to master. Operating a dental practice is not for everyone as there are many moving parts and it can be down right complex to oversee all aspects of the business, and this includes the financial side of things.

When you manage a dental office, you wear many hats, and they include being a businessperson, a manager, a psychologist, an educator, a human resource professional, and a team leader, in addition to being a top-notch oral health provider. Even the most talented clinician can find it challenging to build a successful practice. Sometimes you can experience initial success but you don’t know where to go from there. Finding the right dental consulting agency for your practice can equip you with the tools and give you the peace-of-mind to operate a growth-focused dental practice. The right practice consultant and program can improve the quality of your life in addition to growing your profit margin. Their job is to advise you and your team on processes that are designed to increase freedom and work satisfaction and shift your focus back onto running your dental practice, all while you realize consistent revenue growth.

What is it like to work with a dental consultant?

If you have worked with dental consultants before, you may believe you know the answer to this question. But do you remember a few paragraphs back I mentioned dental consulting is changing? Historically, the best dental consultants would visit your office, observe your processes, and take a look at your financials. Then they would present a plan to get you where you want to go and meet with you regularly to keep you on track. Many dental consultants have a one-size-fits-all approach and, after a while, you might feel that this has become a more expensive proposition than the benefit received.

That type of consulting is valuable despite its challenges, and will likely continue. But it doesn’t work for everyone. Whether your practice is too remote for a dental consultant to come to you (you’re now accustomed to the pandemic virtual style of meeting), or you want something more from the coaching you receive, there are a plethora of options that didn’t exist before. The virtual world has opened up not only the ability to use any consultant, whether they are next door or thousands of miles away, but new types of business support options. There are online courses, social media groups, podcasts, online forums, blogs like this one, established CE courses, traditional consulting (virtually), and now mastermind groups.

Some of these options are self-serve, so you can check them out when you have time, which is an option some choose because of the accessibility, but they tend to not be customized to your situation. The traditional consultant is great but limits the ideas and systems to one person’s experience and knowledge.

The mastermind concept has been around since 1925 when Napoleon Hill introduced it in his book The Law of Success. The idea is when a group of people come together in harmony they can solve more problems together than they could on their own. It has evolved over time. Now masterminds encompass more than one leader, each with their own area of expertise, maximizing the benefits to participants. Our mastermind brings in experts from all sorts of specialties managed by our head consultant.

Masterminds also provide peer support that can’t be found in study clubs or associations. Why, you ask? Because study clubs and associations are filled with your competition. How can anyone have a truly open conversation if there is a fear that they will steal your ideas and patients? Top performers, however, know peer support separates the top 10% from the rest. Engagement with peers helps like-minded professionals succeed more together than on their own or even with a dental coach. A mastermind with 6-8 peers from the other side of the country removes the competition challenge.

Despite the mastermind’s long history, successful programs have only recently come to the dental industry. Look for masterminds that not only focus on business growth but design your ideal lifestyle. Keep in mind that what it looks like is different for every dentist.

Do I have time to benefit from a dental consultant?

Undoubtedly, you are busy. You are still a businessperson, a manager, a psychologist, an educator, a human resource professional, and a team leader, in addition to being a top-notch oral health provider. The question is, are you willing to commit to putting in a little extra time upfront to craft a business and life that is fulfilling, freeing, and financially secure? Only you can answer that question. The future of dental consulting is here. Are you ready?

To learn how you can participate in DrillDown Solution’s Dental Business Mastermind, check it out here.

Note: The material and contents provided in this article are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.

Ed Gabriel, CPA is President of DrillDown Solution and a graduate of Brigham Young University. His clients benefit from over 40 years of experience in maximizing profits, minimizing taxes and putting them in the best financial position possible.