Practice Development




What’s holding your dental
practice back?

Dental businesses with a clear strategy are the ones that outperform competitors. We all know this, yet few deliver on it.
Unfortunately, too many dental principals get tied up in the day-to-day running of their businesses and ignore the bigger picture — at their own cost.





Build a plan for the next
3-5 YEARS



At Hive we have the in-depth knowledge, straight-talking strategy, vision and importantly the resource to increase your patients, revenue and profit levels.

We’ve helped dentists of all sizes to achieve success. One of the ways in which we do this is by establishing a strategy from the onset.
We start with a simple three-step method to help you get your business to where you want it to be:




1. Find out who your customers are




2. Discover what they want




3. Establish what needs to be done




Quintessentially you’re asking yourself the question: “What do I need to do to give my customers what they want?”
Find out the answer to this question, and you’ve got yourself a strategy; a plan of action to help you improve your existing practice or exploit a new one.
Part of our practice development service is to ask the following key questions:



Where are
you now?
FIND OUT MORE
Practice Development


WHERE ARE YOU NOW?
It’s important to be brutally honest here, take a step back from the day-to-day running of your practice and look at how you are doing, and why you need to change. Break this down and ask yourself the following things:

• What is your financial performance like?
• What is happening in your market?
• What is happening in your business?
• Why do you need to take action?

Where do you
want to go?
FIND OUT MORE
Practice Development


WHERE DO YOU WANT TO GO?
Sometimes it helps if you can identify a competitor who you would like to use as a role model. Break this down and ask yourself the following things:
• What are you aiming for?
• What are your objectives?
• Are there several strategic options?
• In what areas do you need to increase performance?
• How do you measure performance?
•Are there any risks to consider?

How do you
make it happen?
FIND OUT MORE
Practice Development

HOW DO YOU MAKE IT HAPPEN?
Once you’ve established where your business is currently, and where you want it to be, you’ll need an action plan to get you there. We can help you to formulate an action plan, including financial model and forecast and marketing plan that will help you achieve your financial objective.




It really shouldn’t be too much hassle to assess where you are now and decide where you want to be, but the third question will be tougher.
If you’re unsure about how to achieve your strategy then ask yourself several more questions:
Do you have a clear business goal? Do you know the steps to be taken to achieve this goal?





How can we help?

If you’d like some help answering any of these questions and finding the right strategy to reach the sweet spot for dental business then get in touch.
We have the knowledge, skills and importantly, the resource to direct you through the planning process.

Discover our Practice Diagnostic Day




Latest from the dental business blog

Everything Dental.

Commentary, tips, how-to’s, down-lows, updates and best practice from the Hive Team.



FIND OUT
HOW WE CAN
HELP YOU


Call 01872 300232 or email your details



THINKING OF
SWITCHING
TO HIVE?


Discover more about the services we offer



WE WILL TAKE
YOU TO THE
£1M SWEET SPOT


Find out how we can help you get there