The effects of the lockdowns, layoffs and massive public measures to contain COVID-19 will likely last long after any threat from the virus are gone. For many of our patients, working from home is still a fresh memory and for others it has become the new normal. As a result of spending more time at … Read more
On December 28, 2020, I received a text from Dr. Gurbaz Sandhu (GP, London and Port Elgin). Ontario had just entered into a strict lockdown. The media had been focusing on the bungled COVID-19 vaccine rollout, while infections and deaths continued to rise. “Could this be real?” I thought. “Perhaps a joke?” The photo was … Read more
Capitol Dentistry is located in the hustle and bustle of pedestrian traffic of the Yonge and Eglinton area in Toronto. The design of the office was meant to present a strong visual for the passersby to look in, be intrigued by and remember the practice name and location. As this area has a lot of … Read more
COVID has fundamentally changed how we live and how businesses operate. It has taught us the importance of being resilient and to look for opportunities even in dire situations. As a result of COVID, many dentists have experienced: Working from home and providing teledentistry Renovating their home to facilitate a home office Buying personal protection … Read more
Our relationships in life are the result of how well we communicate and collaborate personally and professionally. When we communicate openly, positively and effectively, we inspire connections and build sincere, strong, sustaining relationships. What often sabotages successful relationships is our personal beliefs of right and wrong. Most of our beliefs can be traced back to … Read more
The start of a new year is an opportune time to assess your resources as you begin to execute your goals – one such resource being your pool of talent. The below are useful tips to keep in mind as you set out to add top performers to your roster in the year ahead. Actively … Read more
3/3 New Owner Pocketbook – A Three Part Series Some people will tell you that the recent and unprecedented pandemic has irreparably altered your ability to be financed for the undertaking of building a new practice. They are right that today’s reality has seen a big change in both VC (Venture Capital) and regular bank … Read more
For the last few years, it’s been a seller’s market when it comes to dental practice sales, due to too many buyers, not enough sellers, low interest rates, 100% bank financing and dental service organizations scooping up practices. These conditions have triggered bidding wars for certain highly sought-after practices. For example: In 2016, the best … Read more
By all accounts 2020 has been the year of COVID-19; sparking a global fear of catching the virus, with an ensuing wave of government-ordered economic shutdowns across most industries. These safety measures were primarily aimed at reducing the spread of the disease. However, it became increasingly clear that a lengthy global economic shut down comes … Read more
Located in the mature community of Glenora in central Edmonton, Groove Dental’s experiential design draws cues from the original building dating back to 1953 as well as Bold Interior Design Inc’s travels to the warehouse district of DUMBO (Down Under the Manhattan Bridge Overpass) in Brooklyn. It was during a pre-design discovery session where the … Read more
Let’s ensure dental practices recover from the mess of 2020! How can we do that? Start by asking yourself a few questions about redesigning your practice to make sure your brand is working for you and not the other way around: What do you want to let go of? What do you want to level … Read more
2020 brought tremendous change, hardship, and loss for a great many of us. We were catapulted out of our comfort zones as we had to adjust to the new normal. With a new year around the corner, we have a unique opportunity to recognize how unprepared we may have been to handle an abrupt change … Read more
2/3 NEW OWNER POCKETBOOK – A Three Part Series In this uncertain time of the COVID-19 pandemic, there are still clinics being sold and bought. Credit is still being issued and some transactions are expedited while others are stalling. When it comes to assessing a business, most rely on a broker’s appraisal document. Although it … Read more
I know we are all getting tired of talking about COVID-19, however, COVID-19 is here. COVID-19 is putting a wrench in the perfect plans we had set out when 2020 started. So, what are you going to do about it? Are you going to sit in the corner and lick your wounds, or are you … Read more
As the late poet Maya Angelou once said, “If you don’t know where you’ve come from, you don’t know where you’re going.” Angelou’s inspiring quote couldn’t be more relevant than it is now. Clarity on your practice’s past and present, including trends, is necessary to boost your bottom line. When business leaders lack this clarity, … Read more
Welland Smiles Dentistry, located in Welland, Ontario, is a 2900-square-foot space offering patients an eight-operatory dental office that is both functional and calming. One of the main goals of Welland Smiles Dentistry is to create a light and welcoming environment for patients visiting their new location. This is achieved by the abundance of natural light … Read more
Where do you see your practice – and yourself professionally – in 12 months? What about in three years? What are your longterm business goals, and are you on track to achieve them? You probably could have answered those questions easily a few months ago. Then COVID-19 struck, and everything changed. Your previous projections and … Read more
What can be said for 2020? Dentistry was completely shut down and no one was prepared. The dental industry had to fight for its life and for survival. On March 15, we closed our office and expected to create a plan to open within two weeks. We experienced pain from revenue cessation, overhead continuation, lack … Read more
With the rise of the digital savvy consumer and an increase in a younger patient demographic, the digital landscape plays a key factor in driving growth for your practice. Whether a potential patient has received a referral or heard of you through word of mouth, most patients will go online to ensure you are credible. … Read more
1/3 NEW OWNER POCKETBOOK – A Three Part Series At a conference in January with dental students (CDSC 2020), I saw a remarkable enthusiasm within many to own a clinic. I couldn’t hide my thrill to see driven, focused and passionate professionals excited about the myriad of opportunities coming their way. As I sat through … Read more