Our client had been practicing dentistry as an associate for approximately two years, and he was ready to jump into the complicated world of practice ownership. His excitement about starting his own practice couldn’t be contained, but he also understood he was hiring MWA to provide guidance on the big picture strategy planning and operational details that were critical to starting his practice.
Entrepreneurs are passionate about their businesses, and the challenge is always focusing their excitement on the numerous details that must be considered long before the business officially opens its doors.
The Right Solution
Every business start-up presents its own set of surprises, but our experience and detailed planning prevented many of the surprises altogether and quickly extinguished the fire started by others. Our strategies for every facet of his practice allowed him to reach his breakeven point after only three months, and in only his first year of practice he generated nearly $745,000 in gross revenue.
Above and Beyond Results
In every start-up business project, we have a long laundry list of action items that have to be accomplished, but we always work closely with new entrepreneurs to understand the people side of their businesses that is often neglected. As we moved through each action item with this client, we also maintained his focus on learning as much as he could about being a great employer, understanding what motivates employees, and building his business with a consistent purpose in mind.