Rapid Growth is waiting for every business. Especially the dental industry.
Just as there is a pattern in the seasons with winter, spring, summer, and fall the same can be seen in your business. When does the winter season come into your business and how do you plan to deal with it? What about spring when there is crazy rapid growth? The real key to long term business success is anticipation; how can you anticipate what is coming and have a plan around it? The key is in the ability to recognize your season in business, forecast the next one coming, and become more systematic in anticipating them in order to be prepared.
One such season is known as crazy rapid growth which can be a great outcome from increased productivity yet it also brings its own set of challenges. Are you prepared? Do you know which pattern to prepare for? Since there is no such thing as a perfect system, crazy rapid growth can be similar to playing a game of whack a mole leaving you looking for the next bottle neck in the system. While that growth is excellent from an owner’s perspective it can also be challenging in putting strain on your practice and employees.
Fortunately, AMP specializes in predicting these patterns and preparing for the next mole that comes up needing to be whacked. We want to ensure you sleep well at night when the different seasons occur and can ride the wave instead of drowning in it. One area that we commonly help our clients create a plan for is with the different seasons of cash flow. For instance, when looking at crazy rapid grow one pattern that occurs is a large influx of cash flow.
While it may be tempting to take that large influx and pay off huge debt, fund retirement, etc. it can then create the same problem of being cash poor again which then costs you good sleep at night! As we believe cash is king we work with our clients in strategic management of paying bills, getting out of debt and never getting back into it, funding retirement, etc. Reach out to your coach to ensure you recognize every season in your practice and have a plan in place to anticipate any crazy rapid changes that take place.