Revolution vs Evolution When Taking Over a Practice
When taking over a dental practice, the new owner will have two options - to evolve it slowly over time into something resembling their vision, or to revolutionise completely with a fresh start. But which is the best path? In this week’s show, Brad talks you through the benefits of both methods, and tells you which way might be even better... KEY TAKEAWAYS New owners are often reticent in making sweeping changes to a new practice, for fear of the impact it will have upon patients and their viewpoint. Remember though, that people like change. By adopting a more evolutionary, slow attitude towards change, we risk assimilating and adopting the habits already in place. Restricting our business growth out of fear or anxiety will only cause it to retract in the long term. This can also lead to laziness and a lack of will to think creatively. BEST MOMENTS ‘You’ll lose the opportunity to make changes that are essential’ ‘Practices often need new blood and that injection of energy’ ‘Patients are little but more doglike than catlike' VALUABLE RESOURCES The Dental Business Podcast ABOUT THE HOST Brad believes that everyone at any level should be focused on achieving multiple sources of income to create diversity and balance in life. He feels passionate about helping dentists work towards freedom by building wealth in different areas and helping to develop a mindset to improve one’s ability to handle the stresses of clinical life. Still a practising dentist, Brad has implemented strategies to create a practice to allow him to carry out the dentistry he wants whilst continually expanding with loyal staff and patients. These strategies can be adapted to any dentist, whether you are an associate or the practice owner, to help bring back your passion for dentistry. In addition to running a successful private dental practice, he has grown several other dental businesses and as an investor is growing wealth outside of dentistry to help protect his legacy for his growing family. He is chair of the Horsforth Town Team, dedicated to the promotion and development of business in his local area in North Leeds, UK. Due to his track record and down to earth advice, he has become sought after as a mentor and spends part of his time dedicated to mentoring dental professionals about business, mindset and personal development. CONTACT METHOD Brad Thornton Instagram Brad Thornton LinkedIn Brad Thornton Facebook brad@bradthedentist.com