Dentists are the highest risk group in the world for contracting the Covid and any other virus passing by. You are at greater risk than paramedics and respirologists in the hospital. (1) But unlike the latest heroes, hospital front line workers, you are disliked and vilified because the public thinks you make too much money.
If as a Dentist you’re worried about your future, you have good reason. If you have reopened your practice, you know already you are not as productive. Many are estimating a decrease in revenues of anywhere from 30 to 50%. You know your expenses are going up. A full set of PPE’s including shields, gloves, N95 masks (if you can even get them), and head covering, will cost you another $50 per patient. The value of your practice has dropped and the ”powers that be” want you to invest more money into equipment and structural changes.
But all is not lost; you do have choices, although most are “between a rock and a hard place.” If you would like to face the hard truths, please contact me.
This is no hoax. If you haven’t taken advantage of the $40,000 Federal interest-free loan for your small business (dental practice), Why Not? If you pay it back before December 31, 2022, you get to keep $10,000. This is a no-brainer! Ask your banker if you don’t believe me.
I’ve already shown you how to add $10,000 to your bottom line. I have listed over 64 ways you can increase your revenues or decrease expenses to help you improve the bottom line of your practice to help you recover from Covid.
Your Successes give you Confidence; your Failures give you Wisdom; a little bit of Luck helps as well.
No matter what you are undertaking, you need Confidence and Wisdom to be successful. Confidence without Wisdom will lead you to make stupid mistakes. Wisdom without Confidence leads to a life of frustration. As well, good and bad Luck can determine the degree of Success or Failure.
I have made $1,000,000 five times my life and lost it five times. Many would call me unlucky. I put it down mainly to poor timing (aka Luck) and lack of Wisdom (aka stupidity). Fortunately I’ve had the Confidence to make that million dollars back four times, (aka Creativity and Perseverance) and am presently starting on my fifth million.
I have gone bankrupt three times. Many people would call me a bad businessman and they would be correct. I’d rather call it naivety and a lack of Wisdom in the area of business management.
Timing and Luck tend to go together. If you have the Wisdom to understand the herd mentality of sheeple, recognize the cyclic nature of world events, and the Confidence to make major decisions, you can frequently foretell when the bubble is about to burst (aka buy low and sell high).
There is little to be said positively about old age except hopefully attaining Wisdom and the Confidence to trust your decisions.
The College of Dental Surgeons of British Columbia, (CDSBC), has finally released guidelines allowing you to perform Category A, B and C procedures. You have probably closed your practice since the stop work order in mid-March and are anxious to reopen. Like others, you are still unsure exactly what changed protocols are required, the structural changes necessary for your office, and what additional supplies and equipment you will have to purchase.
Many patients are already fearful of potential pain and cost when going to the dentist. They now have the added fear of contracting the COVID virus while at your dental office.
In the past, you have been quite resourceful in offering dentistry to the public, not only safely and efficiently but also in an affordable manner. Expected protocols in office procedure are expected to result in decreased productivity and efficiency resulting in greatly decreased gross revenues.
Expected costs in remodelling your office, the purchase of additional equipment and the use of additional PPE will result in an increase in your fixed and variable expenses.
The unknown degree of reduced productivity and additional expenses may have left you unsure how this will affect the financial viability of your business. In many cases, estimated changes in revenues and expenses may put some out of business and others into bankruptcy.
We have prepared a financial template show how these new protocols and proposed structural changes will affect your business. If you would like to see how your practice will be affected and receive some SIMPLI Simpler Solutions suggestions for only $50.00, please click www.simplisimplersolutions.com/???? for your Confidential Financial Assessment Questionnaire.
Your data will be entered into our template and a report will be forwarded to you by email within two days.
We believe those answers will help you take some of the Chaos you are presently facing out of Your Dental Practice allowing you to make decisions based on personalized, strategic estimates, not guesswork.
If you have any questions, please feel free to contact me.
Take the uncertainty and chaos out of your practice.
My name is Dr. Harold Bergman. During my first 30 years of life, I earned three University recognized degrees, a Doctor of Dental Surgery, Oral Surgery and Anaesthesia and Masters Degree in Oral Pathology.
Over my 61 year career as a Dentist and Oral Surgeon, I used my creativity to design, manufacture and bring to market over 5 successful dental implant systems and numerous other allied products.
For over 30 years as an internationally recognized lecturer and educator of Dentists, Denturists and Veterinarians, I authored over 100 scientific and technical publications, published a textbook for Veterinarians, “Dental Implants for Small Animals”, as well as produced close to 30 online training courses recognized by the American Dental Association and the American Veterinary Medical Association, for dental and veterinary professionals .
On the lighter side, I published a book of poetry entitled, “The Heart Sees Things the Eyes Cannot” and recently my first novel, “When the Dream Becomes a Nightmare”.
I have made $1,000,000 five times my life and lost it five times. Many would call me unlucky. I put it down mainly to poor timing (aka luck) and lack of Wisdom (aka stupidity). Fortunately I’ve had the Confidence to make that million dollars back four times, (aka Creativity and Perseverance) and am presently starting on my fifth million.
I have gone bankrupt three times. Many people would call me a bad businessman and they would be correct. I call it lack of Wisdom in the area of business management.
I believe my 84 years of varied experiences in academia, business, dentistry, teaching, creativity and life in general, well qualifies me to provide SIMPLI Simpler Solutions for many problems, especially those encountered in dentistry and implant dentistry.