“It’s not what you make, it’s what you keep” “The goal is not to get big, it’s to get rich” Why aren’t more people wealthy? Here are some main reasons and quick tips on how to combat them. They never clearly define wealth! What is your definition of wealth, how much money or net worth must you have to be wealthy? The definition is different for everyone. If you have done your net worth calculations you know where you are at now. Use this number to discover a definition for you. They make it a moving target. How can you ever achieve a monetary goal if you keep moving it? Imagine if your … [Read more...]
Success is Not Promised to Any of Us
It is true that “Success is not promised to any of us, but it is available to all of us” in business, Success is available to all! We all know that in order to make an exceptional dental, or any, business, you need to develop a culture of raving fans. However, when this knowledge is verbalized and confirmed by billionaires, it makes you believe it. Of course we have to: Attract new ideal clients Retain our current clients (how many are going “out the back door” without you knowing?) Build a great team Be a great marketer On the topic of being a great marketer, … [Read more...]
The Wheel of Life
The Wheel of Life Exercise I always like saying “If your wheel is not in alignment your life can’t be either.” There are many versions of this exercise but here is a way you can grade every aspect of your life and much like your net worth sheet, keep track of how you are you doing. Simply grade yourself in each category 1-10. Each dash mark from the center out is 1 point. So if you give yourself a 7 in “physical” count out from the center, connect across and fill in. Here is a clean sheet for you as well as a completed example. This exercise shows that if the wheel is out of … [Read more...]
How did you do in 2015?
Last year around this time I asked you to fill out your net worth worksheet. Did you do it? If you did, it’s time to take it out and see how you did. If not, let’s start the habit right now. While I know we are in a highly computer automated society, for this exercise we can still use a printed worksheet. While money and assets are not the sole determinate of your life’s success, for this exercise pretend money is EVERYTHING. Filling out a net worth document should be something you do at least once a year (twice if you are really into it). You should also involve your spouse. It is … [Read more...]
Dental CEO’s, It’s Time to Share the Wealth
I usually write something about how to increase your net worth or how to accumulate wealth. Today, I will talk about giving it away. It's time to "share the wealth"! Every year during the holiday season, we are asked to give to the Salvation Army or food banks etc. so that those less fortunate may enjoy some holiday cheer. Isn’t it ironic that all year long we work hard to accumulate wealth and then around the holidays we give a portion of it away in gifts and donations? Which makes you feel better? Making it or giving it away? If you are like many, you will get greater joy … [Read more...]