Chicago Dental Consultant | Dentalpreneuer Podcast. Take a Listen!

Diana would like to thank Dr. Mark Costes for inviting her and Dental Performance Institute to be part of the Dentalpreneur Podcast series.

Podcast is now live and is titled: “Find Your “Operational Equity!”® with Diana Thompson”. (Click on link to listen)

In this episode of the Dentalpreneur Podcast, Dr. Costes interviews Diana Thompson, Founder/CEO of Dental Performance Institute.

Diana has over 31 years experience in all facets of the dental profession. She is passionate about the field of dentistry and is focused on helping dentists, dental specialists, oral surgeons, their practices (one or multiple locations, growing Dental Service Organization – DSO), and teams in finding their place in the ever changing dental industry, while improving practice operations and increasing revenues within the practice(s) current active patient base.

“Proper practice management is extremely important as is seeking out guidance from a practice management consulting and coaching firm that is reputable and will walk their talk while producing results that are customized specifically for your dental business.” Diana explains.

Topic bullet points:

  • The dangers of scaling your organization too quickly
  • The best strategy for growth in the multiple practice model
  • How single or multiple practice owners can leverage “operational equity”
  • Multiple practice no-mans land and how to break free from this plateau in business

Dentists, Do You NEED to increase your revenues and REGENERATE $$ already produced? Take a listen!

Dental Speaker Facebook Page Launch – Diana Thompson

Diana is excited to launch her Dental Speaker Facebook Page and would like to invite you to ‘Like’ the page. Click on the link below:

Diana Thompson Facebook Speaker Page

Diana is passionate about regenerating already produced revenues (Outstanding “Operational Equity!”®) back into each dental business one practice at a time. She will not only show you how your practice(s) is “leaking” money in a handful of operational modules, she and/or her team will assist you in getting those dollars back in your bank account.

Stop leaving your hard earned $$$$ on the table. Contact Diana Today!

You’re Invited to FB Group – Outstanding Operational Equity!® STOP the Leakage! (Dental)

Dental Consultant in Chicago, IL

Diana started a new dental group on Facebook this week and would appreciate everyone’s help in building it. To get to page, click on image below.

Operations and its modules are THE most imperative components of any/all dental practices, businesses, specialty, single location, growing DSO, etc. This group is to help one another with challenges and issues, while offering support for success and providing education pertaining to ways to work smarter, NOT harder. 🙂

Dental Performance Institute Building Client Base in Ohio Market

Chicago DSO

Continually building / growing dental businesses locally, regionally, and nationally!

 

Dental Performance Institute is based in Illinois and is excited to announce that we are expanding and working to build a base of clients and Trusted Advisory Partners in the Ohio market. Dentists, Specialists, Oral Surgeons, Dental Executives, Private Equity firms, companies that cater specifically to the dental practice, specialty practice, group practice, multi-site business, etc.

Interested in hearing about our services and how they can assist you and/or your dental clients in increasing revenues, locating equity within the operational modules and/or referral base, strengthening, standardizing and organizing operations and team dynamics, or Starting up a New Practice properly? Please call Diana at (O) 630-549-3224 or e-mail Diana@DentalPerformanceInstitute.com.

Dental Performance Institute New Practice Start-up Program

Dental Performance Institute

Chicago, IL

Your ideal location is chosen, lease is signed, sealed, and delivered, and the build-out is underway. Now is the time that our team immediately starts working with you to get your practice infrastructure, logistics, and operations in place prior to your Grand Opening!!

Q. What happens after I open? Does Dental Performance Institute continue to consult and coach us throughout the first 6-12 months?

A. Absolutely

The first few months after opening is when you, the practitioner and your team are working diligently to find your place in your dental world…your practice. You’re getting an idea as to the lay of the land, getting to know your team and their personalities, getting a feel for the equipment and practice software, observing and tweaking the previously implemented operational modules. Everything is taking shape. You’re getting into a routine. But, are the implemented operational modules, the logistics, and the team dynamics taking ‘proper’ shape?? This is where we continue to work with you, your team and practice. We schedule a handful of days with you while working with patients to observe your environment, course correct or make enhancements where needed to keep you on track.

Dental Performance Institute’s main focus is the growth of your practice and the success of it in the future. To inquire about our New Practice Start-Up Program e-mail us at Diana@DentalPerformanceInstitute.com or call us at 630-549-3224. http://www.DentalPerformanceInstitute.com

Dental Performance Institute Offers ‘Entrepreneurial DNA’ – BOSI Profile Assessment Program

Dental Consultant in South Elgin, IL

DSO in Chicago ILDental Performance Institute is offering a program tailored to assist the dental practitioner and dental business owner in understanding his/her Entrepreneurial DNA by completing and understanding BOSI’s Profile Assessments.

As a Certified Partner of BOSI Performance, (home of the book Entrepreneurial DNA), Dental Performance Institute is equipped to help the dental practitioner generate breakthrough success in their business while surrounding themselves with team members who will work with them to achieve their goals. BOSI stands for Builder, Opportunist, Specialist, and Innovator, which are the 4 behavioral DNA’s of an entrepreneur. BOSI’s research proved the simple but critical fact that not all dental entrepreneurs are the same. Each dentist possesses unique business traits and capacity.

“We are looking to assist the dental practitioner in understanding their specific business behavioral characteristics so they know which direction to take when focusing on certain operational aspects of building a successful practice.” says Dental Performance Institute founder Diana Thompson.

Discovering one’s Entrepreneurial DNA is the first critical step in understanding why certain operational areas of their dental business are not functioning at the levels they should. One’s distinct BOSI Profile will help determine entrepreneurial tendencies, strengths, and growth areas and will assist in choosing team members who compliment specific business behaviors. Whether one needs to optimize results within their current business plan or create a mapped strategic plan for a new venture, Dental Performance Institute will work with the dental practitioner and their team to formulate a game plan – mapped to their ‘Entrepreneurial DNA’.

Contact our office for more information.

Are All Dentists’ ‘Entrepreneurial DNA’ the same?

If I had a dime for every time I was asked these three questions, I would be comfortably wealthy.

“Why is it that the dentist down the street is doing well operating his/her practice and I am struggling to make mine a success? We have the same sized practices and are operating them the same way!”

or

“I have a revolving door when it comes to my staff. How do I hire the right people to work with me?”

or

“My business partner and I agreed to part ways. Why is it that a large percentage of dental partnerships fail?”

 The Answer

Because there is no longer a ‘one-size-fits-all’ approach to operating a dental business, hiring the right team to complement or add to the success of that business, or choosing the ‘right’ dentist as a business partner. Let me explain.

I looked up the definition of an entrepreneur in The Merriam-Webster Dictionary. It reads, One who organizes and assumes the risk of a business or enterprise.’ So I think it is safe to say that the majority of dentists, who own and/or operate a practice or business, are entrepreneurs.

For many years, dental entrepreneurs have been placed in a jumbo box with the belief system that the techniques used or followed to operate a business; hire the right team members, and possibly form a partnership should be approached the same way, with the same methodology. This thought process and direction is just not true anymore because not everyone is genetically built the same way. Unfortunately, this notion has put some practices and companies out of business.

Point to ponder – Is Donald Trump the same entrepreneur as Richard Branson? Is Richard Branson the same entrepreneur as Dr. Oz? Is Dr. Oz the same entrepreneur as Steve Jobs? Think about their business behaviors, how they started out, the product or service they brought to market, and the road they chose to make a name for product and/or service.

In the 21st century, a new and different model, focusing on the approach and understanding of entrepreneurship is finally shedding its light. It’s called ‘Entrepreneurial DNA’ also called your ‘BOSI Profile’. BOSI stands for Builder, Opportunist, Specialist, and Innovator. ‘Entrepreneurial DNA’ and the BOSI Profile help the dental entrepreneur discover their distinct ‘mode of operation’ in both their business and personal life. So what are the characteristics of each profile?

The Builder or B DNA make up 10% of business owners. These are individuals who create highly scalable companies and grow them to millions (and billions) of dollars in revenues almost effortlessly. They are built to deploy high-growth systems and lead large teams.

The Opportunist or O DNA make up around 30% of business owners. They are drawn to ground floor opportunities and tend to dabble in multiple industries, often at the same time.

The Specialist or S DNA represents around 45% of all business owners. They go through years of schooling, apprenticeship or on-the-job training to develop expertise in an area. They tend to pick an industry and stay in it for 10-30 years.

The Innovator or I DNA make up around 15% of business owners. These are the ‘mad scientists’. They want to change the world with their innovation. They would much rather be in the lab of their business than in the office or around business operations.

These definitions offer a brief explanation to get you started on the path to discovering your unique ‘Entrepreneurial DNA’, while learning how to make it work specifically for you in your dental business and life.

What do you think your unique ‘Entrepreneurial DNA’ is? You can find out by completing your complimentary assessment at *BOSI Initial Assessment.

“Mr. and Ms. Dental Entrepreneur; you are unique. Your distinctive BOSI ‘Entrepreneurial DNA’ has and will continue to shift into action whenever a decision is being made. To make the right decisions, you must Discover your specific primary and secondary ‘Entrepreneurial DNA’ traits, understand the strengths and weakness of each, Design a plan of action just for you, and Deploy your customized plan into your marketplace. If you are interested in enhancing your current business plan or creating an action plan to work with your new business venture based specifically to your ‘Entrepreneurial DNA’, Dental Performance Institute can assist you.”

Contact our office for more information.

Upcoming Seminar: Practice Management for Today’s Practice

We are pleased to announce the details for our upcoming SEMINAR: Practice Management for Today’s Practice

Date: Sunday November 8th, 2015
Times: Registration: 8:30 AM, Lecture: 9:00 AM – 1:00 PM, Lunch to follow
Place: Ashyana Banquet Hall**Please note the location of this seminar**
1620 75th St., Downers Grove, IL 60516

Lecturers:

Tim Twigg of Bent Ericksen and Associates. Tim brings over 30 years of practice management and business consulting experience and knowledge specifically in the healthcare field. He has presented seminars nationally on practice management, human resources, and employment compliance. Tim is a published author and currently co-authors a regular column in Dental Economics entitled:“Staff Issues”.

Diana Thompson of the Dental Performance Institute. With 29-years of dental industry experience, this includes 12-years of business consulting and coaching expertise. Diana specializes in start-up practices, organizing, standardizing, and improving practice operations, patient and referral base retention, financial growth, increasing brand awareness, new business development, team building and communication, internal and external conflict management, transitions / acquisitions, and compliance.

Description and Course Objectives:

Discovering the equity in your dental practice that will boost your bottom line as well as staff challenges and compliance issues will be presented.

The fees for the above event are as follows:

For Those Members who have already Pre-paid at the dinner dance – No Cost Non-Member – $75.00
Life Members – $65.00
Life Membership – $550.00
Friends/Family/Aux Stafff: – 35.00
STUDENTS W/ ID – FREE

4 CE CREDITS PROVIDED

This seminar is proudly sponsored by PNC Bank, JSB Dental Laboratory, and Southpoint Insurance.

Download a copy of the Seminar Letter.

 

Diana Thompson and Dental Performance Institute Featured in McGuireWoods White Paper

Diana Thompson and Dental Performance Institute Featured in McGuireWoods White Paper Titled: “Industry Leaders’ Perspectives: The Future of Dental Support Organizations and Dental Practice”

We are honored to be a part of this excellently written white paper by McGuireWoods Law Firm Healthcare and Private Equity Divisions.

This white paper highlights corporate companies, accounting firms, and our dental practice management firm to include eleven (11) total perspectives and opinions from CEO’s of corporate dental companies and practice management consulting firms, Executive Directors of DSO associations, Chief Medical Officers (CMO), Co-Founders and Executive Chairman, CIO’s, Chief Clinical Officers (CCO), and Managing Directors.

We are honored to be the only dental practice management company and female business owner featured in this white paper. Phenomenal read. Enjoy!

Click here to read the McGuireWoods Article.