NextLevel Practice Transitions to Employee Stock Ownership Plan
NextLevel is in an exciting period of growth and we are making powerful changes to enhance our already incredible offerings to our clients. One such change is the creation of an Employee Stock Ownership Plan (ESOP). What is an ESOP? ESOPs give employees the option to purchase interest in the company via shares of stock. […]
3 Reasons to Get a Second Opinion on Any DSO Offer
Has a dental service organization (DSO) approached you with an offer for your practice that seems too good to be true? Are you concerned about the impact that selling to a DSO will have on your future business, your team and your plans for retirement? You’re right to be cautious! A DSO can completely transform […]
3 Ways to Raise Your Deserve Level and Transform Your Mindset
There’s no question that the field of dentistry is in desperate need of a mindset transformation. Dentists have the highest suicide rate of any medical profession despite reporting some of the highest rates of job satisfaction. There’s a disconnect between what our industry claims and the reality of the career. Something has to change. Dentists, […]
Best Dental Practice Management Tools—Consulting, Software, or Both?
Does optimizing your dental practice management come down to solid software, stellar coaching, or both? This is a common question for dentists who are taking a closer look at consulting for their practice and recognizing a need for change. Whether it comes down to trying to save money, a reluctance to involve a stranger in […]
3 Keys to Managing a Dental Practice During Economic Uncertainty
Can your dental practice weather economic uncertainty? Running a profitable dental practice can feel like an enormous challenge even in the best economic circumstances. When times get hard, the stress and worry that comes with running a dental office can feel as if they’ve been magnified tenfold. At NextLevel Practice, we coach dentists who are […]
Dentistry Burnout Is a Clear and Present Danger to Our Dentists
Content Warning: This article discusses the topics of dentistry burnout and suicide in dentistry. If you’ve had thoughts of self-harm or suicide, please contact the National Suicide Prevention Lifeline for help using the three-digit dialing code 988. At NextLevel, I see the impact of dentistry burnout every day. Many of the dentists who partner with […]
Boost Your Business-Savvy to Transform Your Dental Practice
A significant number of dentists who own their own practices in the United States find themselves working long hours, struggling to generate revenue, and are frustrated with the complications of running a business-savvy dental practice. Are you one of them? It is no surprise that this is such a common experience. Dentists receive little-to-no business […]
3 Ways Debt is Killing Your Dental Practice
Is outstanding debt killing your dental practice? If you find yourself struggling to make payments each month, overdrawing your account, or struggling to pay for staff and operational expenses, know this: you are not alone. Debt in dentistry is thriving and no one is talking about it — until now. In the beginning of my […]
What They Didn’t Teach You About Running a Dental Practice CAN Hurt You
Why would anyone expect expert dental professionals to be instant, expert business owners? I speak every day to dentists who are horrified at what they did not learn in school about running a dental practice. They graduated from dental school woefully unprepared to run a day-to-day business. They say that the confusion, frustration, and unwitting […]
What is Successful Dental Practice Management?
Are you managing your practice, or is it managing you? If you are a practice leader you likely have a name for dental practice management as you experience it: It may not be printable here. Is your definition chaos? Is it running as fast as you can? Is it herding cats, racing frogs and any […]
