{"id":2152,"date":"2022-04-22T06:30:00","date_gmt":"2022-04-22T06:30:00","guid":{"rendered":"http:\/\/dentalsuccesstoday.com\/blog\/?p=2152"},"modified":"2022-04-24T19:51:57","modified_gmt":"2022-04-24T19:51:57","slug":"how-to-insulate-your-practice-from-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/dentalsuccesstoday.com\/blog\/how-to-insulate-your-practice-from-economic-uncertainty\/","title":{"rendered":"How to Insulate Your Practice From Economic Uncertainty"},"content":{"rendered":"\n<p>Whether you are feeling it personally right now or not, doesn\u2019t matter. Your team is, your patients are, and likely you soon will be too. Surely you have seen some indications already that say the obvious signs say that the future is anything but certain.<\/p>\n\n\n\n<p>Yes, that\u2019s sort of a tongue in cheek statement. The future, of course, is never certain. And yet yours very much can be. Let\u2019s treat the future like a weather forecast; you hedge your bets against how to prepare for what\u2019s coming. Grab an umbrella, an extra jacket, and your rain boots, you\u2019ll be bone dry even in the strongest downpour.<\/p>\n\n\n\n<p>The weather, much like the economy, happens around you \u2013 not to you. You literally get to control what happens in your own life, if you are willing to accept the responsibility.<\/p>\n\n\n\n<p>Most don\u2019t. They don\u2019t want to be future focused because it\u2019s too much work to put off short term gratification for longer term stability. Shortsighted is a bad habit and an even worse one to break.<\/p>\n\n\n\n<p>This is one of those perfect times for a precisely placed clinical analogy. Think of it like putting new crowns on teeth that don\u2019t line up. No matter how great the crowns are in the moment, they\u2019ll be beat up because they aren\u2019t in the right position. The tendency will be to blame the crowns (the newly introduced variable), when in fact that\u2019s not it at all.<\/p>\n\n\n\n<p>It was faulty foundation. The short-term fix of dressing up the outside without attention being paid to the long-term solution of addressing the integrity of what\u2019s underneath. Which matters far more than anything else in order to have a successful, sustainable outcome.<\/p>\n\n\n\n<p>Today, we are going to talk about the foundation of your practice.<\/p>\n\n\n\n<p>This is the reason you can live with peace of mind, you can practice with confidence, and you can profit with predictability. You are insulated from economic uncertainty; or at least you can be.<\/p>\n\n\n\n<p>That\u2019s right, protected from whatever comes your way. No matter what lies ahead, poor economy or otherwise, you can continue to thrive.<\/p>\n\n\n\n<p>After you read this Report and decide your practice foundation could be improved, you can save your seat for my upcoming\u00a0<strong><a href=\"https:\/\/dentalsuccesstoday.com\/masterclass\">4-Hour Live Masterclass: How To Future-Proof Your Practice<\/a><\/strong>. It might not be for every doctor, but for those who are truly serious about protecting their greatest investment, being insulated from the economic uncertainty, and building a practice that will thrive for years to come\u2026<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/dentalsuccesstoday.com\/masterclass\">Jump the line and grab your seat for the virtual 4-Hour Masterclass&#8230;<\/a><\/strong><\/p>\n\n\n\n<p>By now I am sure you are wondering, \u201cBut Scott, why would you, Mr. Optimistic and all things abundance and prosperity, be talking about the economy?\u201d<\/p>\n\n\n\n<p>Well, I expected such a keen question from the clever doctors here, reading along. It\u2019s simple. It\u2019s because I am an opportunistic realist. I believe if you pay attention and are aware of things happening around you, you can take advantage of them rather than be disadvantaged by them.<\/p>\n\n\n\n<p>So, don\u2019t get the wrong idea about this. I am not talking doom-and-gloom, the sky is falling, it\u2019s all going to s&#8212; type of thing.<\/p>\n\n\n\n<p>If you know me, and you should since you are here, then you know I\u2019m talking about exactly the opposite. I am preparing you to make the most of the situation, to capitalize on the impending events, and position your practice for whatever comes next.<\/p>\n\n\n\n<p>You have at this moment in time an unprecedented opportunity to build a stronger foundation than ever before, put up a fortress of wealth unlike you ever imagined (or thought you would need), push the limits on your beliefs, and engineer your practice to profit more than you have thought possible.<\/p>\n\n\n\n<p>When I say insulate yourself, I am talking about three distinct functions\u2026<\/p>\n\n\n\n<p>First, you don\u2019t have to work harder and harder to keep up. To do what you are doing now, certainly better and never worse, it doesn\u2019t require more of what you don\u2019t want.<\/p>\n\n\n\n<p>Being insulated from economic uncertainty means you don\u2019t have to start sacrificing and compromising just because everyone else is or everyone else says you have to.<\/p>\n\n\n\n<p>Second, you absolutely do not have to take a pay cut, shrink your income, or reduce your expectations. You do not have to cheapen yourself, you do not have to slash your quality, and certainly you do not have to lower your prices.<\/p>\n\n\n\n<p>In fact, it could actually be exactly the opposite that is the best strategy for you. And that means that you will always be able to attract, convert, and retain the value of patients you need in order to achieve your goals. This might be the time to actually continue growing your practice and your life in whatever way you deem appropriate based on your goals.<\/p>\n\n\n\n<p>Third, and above all else, you don\u2019t have to put your life on hold, your vacations on hold, your bucket list on hold, your hobbies on hold, and you absolutely without any doubt do not have to put your practice future on hold either.<\/p>\n\n\n\n<p>The opposite is true. When everyone else slows down, you speed up. When everyone else plays passive, timid, scared, hunkers down, and holds \u2018em tight \u2013 you do the exact opposite. The result is an acceleration of progress unlike anything you\u2019ve ever experienced in your career whether years or decades. You can capture more A patients, more market share, more high-quality team members, and especially more prosperity, more freedom, more independence.<\/p>\n\n\n\n<p>Insulation from economic uncertainty is about picking and choosing your patients by knowing your numbers so you can only do what is most profitable and fun for you. This allows you to be confident in your message, proud of your philosophy, and passionate about your dentistry.<\/p>\n\n\n\n<p>You\u2019ve worked your whole life to get here to this point. You\u2019ve given up so much already but look at all you have to show for it.<\/p>\n\n\n\n<p>Are you going to stand by and let the economy dictate how you live, practice, earn, invest, enjoy, plan, chase your dreams, and create your future? You didn\u2019t come this far to rollover now, did you?<\/p>\n\n\n\n<p>I didn\u2019t think so.<\/p>\n\n\n\n<p>Look, it\u2019s true that many will cut and run, think they are selling at the top and get out of the game now while they still can. Every year, I have many who do this but they are at the right time in their life, wealth, career, or age to do it. It\u2019s not reactionary to circumstances \u2013 it\u2019s proactive, on point, planned out long ago.<\/p>\n\n\n\n<p>The fact of the math is if you are profitable you always earn more income in a couple years of holding the asset and then still having an even more valuable asset to sell at any point of your choosing.<\/p>\n\n\n\n<p>Some will just use this as an excuse\u2026 as the times get tough they start to retreat and go into massive reduction mode. In other words, just give up and accept a slow dejected fading into the abyss succumbing to the economic pressures around them.<\/p>\n\n\n\n<p>Others, I hope you, will see this as the greatest time in their lives. When everyone else is hiding their heads in the sand waiting for the storm to pass, you will spring into action serving as the rescue crew saving those left behind.<\/p>\n\n\n\n<p>The reality is, when you insulate yourself from the uncertainties of the economy, you are actually creating your own economy where you have full control. You turn the negative economic forces into positive counter forces for good that set you up for the ultimate victory and ability to earn what you deserve, multiply your wealth, do meaningful work, and the best part is you can still practice on your own terms.<\/p>\n\n\n\n<p>This is just the beginning when you follow my approach to engineering your practice on a solid foundation that\u2019s built to thrive no matter the challenges that await.<\/p>\n\n\n\n<p>This is exactly why I will be hosting an\u00a0<a href=\"https:\/\/dentalsuccesstoday.com\/masterclass\">advanced virtual masterclass LIVE next month<\/a>. For doctors who are ready to future-proof their practice and profit like never before, all while helping more patients.<\/p>\n\n\n\n<p>The attendance will be strictly limited. If you are ready to go from uncertain to predictable, middling to prosperous, vulnerable to resilient then this masterclass is for you. You will experience real, tangible, immediate results from this \u2013 guaranteed.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/dentalsuccesstoday.com\/masterclass\">Future-Proof Your Dental Practice Right Here\u2026<\/a><\/strong><\/p>\n\n\n\n<p>The choice is, as it always is, yours to make.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you are feeling it personally right now or not, doesn\u2019t matter. Your team is, your patients are, and likely you soon will be too. Surely you have seen some indications already that say the obvious signs say that the future is anything but certain. Yes, that\u2019s sort of a tongue in cheek statement. The&#8230;  <a href=\"https:\/\/dentalsuccesstoday.com\/blog\/how-to-insulate-your-practice-from-economic-uncertainty\/\" title=\"Read How to Insulate Your Practice From Economic Uncertainty\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2152","post","type-post","status-publish","format-standard","hentry","category-dental-success"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Insulate Your Practice From Economic Uncertainty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dentalsuccesstoday.com\/blog\/how-to-insulate-your-practice-from-economic-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Insulate Your Practice From Economic Uncertainty\" \/>\n<meta property=\"og:description\" content=\"Whether you are feeling it personally right now or not, doesn\u2019t matter. Your team is, your patients are, and likely you soon will be too. Surely you have seen some indications already that say the obvious signs say that the future is anything but certain. Yes, that\u2019s sort of a tongue in cheek statement. The... 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