Dental business coach explains how to make better decisions

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Get better at making decisions with dental business coach Andy McDougall from Spot On Business Planning[/caption]In the third part of this month’s series of blogs on leadership, dental business consultant Andy McDougall from Spot On Business Planning says there is a direct correlation between where you are personally and professionally right now and the decisions you have made in your life to date.The school you attended, the vocation you pursued, your marital status, where you live, if you have children – all these aspects of your life and more have resulted from previous decisions taken – or not taken as the case may be. And if you had made different decisions, aspects of your life would be different today!Following that logic, where you will be in three to five years is a function of the decisions you make now and in the future so it makes good sense to get better at making decisions.You can never eliminate risk but there are proven techniques that can help you manage and de-risk the decision making process. We called our business Spot On Business Planning but in retrospect, we should have called it Spot On Decision Making because what we do, through the proven principles of the business planning process, is to help dental practice owners and managers choose the best outcome from a plethora of possibilities.In other words, if you could see the financial impact of the various scenarios afforded you, you could choose the one that gets you the best result. So business planning helps you de-risk your decision making process by allowing you to make mistakes on paper first, before you implement your chosen strategy.

Making it happen

So, we have a vision of where we would like the dental practice to be and how we would like it to look in three years. We have undertaken some scenario analysis and determined the best strategy from several available to us. Our chosen strategy underpins our vision so its pursuit is essential to our success. All we have to do now is articulate our vision and strategy to the dental team, drive through the necessary changes and tactics, and monitor our performance to ensure success – but how? Tune in next week folks!

In the moments of decision your destiny is reached

Where you and your dental practice will be in 3, 5 or 10 years time is very much linked to the decisions you make between now and then. Typically when you make the right decisions and you follow through an implement those decisions with great leadership skills, you can expect to double your profits over a three-year period.

We will take the journey with you

At Spot On Business Planning we do things differently. Instead of giving advice then leaving you to implement it, we take the journey with you, as your business partner. We ensure you and your team understand how to run your dental practice by transferring the necessary leadership, decision making and business planning skills along the way.

Book a free consultation with Andy

Your numbers can talk but do you speak their language? Learn a lot about your dental business with a free consultation with Andy McDougall. Send us your last three years financial accounts, Andy will analyse them and visit you to explain the strengths and weaknesses he reads in your numbers.