What to do when…..a Corporate Opens Nearby – Part 1

What to do when a corporate opens nearby. From Private Dentistry…

Part 1 of 2

“You’ll never guess what has happened now!” said Dr Jim Misery, one of my less upbeat clients, “GleamDent, has opened a 5 surgery practice round the corner.”

“Where Dr Shocker was until he died?”

“Yes, that’s the place, they have opened up the whole house, put in new surgeries, thrown loads of money at it and there’s a big sign out the front, saying, “New branch of GleamDent opening next week! Free whitening offer!”. “What are we going to do? They’ll take all our patients, I just know they will! I should have sold out when I had the chance.”

It hadn’t been a great start to the week for Jim, he arrived at the practice to find a letter from Julie, his senior receptionist, telling him that she was handing in her notice and taking the two weeks holiday leave that she was owed, starting that day. The letter concluded by saying she was going to be working at GleamDent’s new branch in Smith Street – about 150 yards away.

During the rest of our call I concentrated on calming Jim down and getting him to focus on a plan that would resist the unwelcome neighbour. He hadn’t had to cope with anything like this before, fortunately I had. Here are the lessons.

1 Don’t Panic!

Avoid the temptation to despair or to take any rash decisions. It’s understandable that you feel threatened but treat the presence of a competitor as a wake-up call. Take this time to ask yourself why you came into dentistry in the first place and what you really want. Now is your chance to operate on your own terms, to express your authenticity and finally have the practice you wanted.

This is a huge opportunity. All those ideas for change, all the tolerations you have been suppressing, now is the time to examine them and, where appropriate, to introduce them.

Concoct a plan. You are the David to the corporate Goiliath. Include flexibility and the opportunity to amend things quickly should you need. You can be light on your feet, can innovate and respond rapidly to threats and react when things are not working as you wish.

The only constant is change, accept it and become the change you want to see. Not at an indecent rate, all change should be gradual, controlled and measured, but appropriately.

2 Concentrate on your own game.

Be aware of your competition but remember, you can’t undo anything that has happened in the past or anything that they will do – that’s their business – you can only control what you do.

Start with a SWOT analysis of your business. Strengths and Weaknesses are internal elements, Opportunities and Threats are external. 

What is working? What do you do really well? Why? What could you do better?

What doesn’t work as well as it should? What are you going to do about improving?

What could you do more of? What do you need to start doing? How are you going to go about that?

Finally, what external elements are threatening to slow or stop your progress?

3 Get some help.

Use an external coach or consultant to take a long hard look at what you’re doing, how you’re doing it, to interview your team members and to act as a sounding board for your thoughts and ideas and then welcome their thoughts and plans. They have done this before and will know what works. Fortunately Dr Jim had me and I had been there and done that before.

Ask a few friends and family members (or even a professional) to “mystery shop” them asking about prices, treatments and availability. Then get those same people to do the same to your practice. How do you shape up?

4 Take a look at the new kids on the block;

….and every other kid around whilst you’re at it. Examine their online presence, is their website any good? Does it do anything that yours doesn’t and does that matter? What can you learn. One old mantra for success is to “Adopt, Adapt & Improve”, keep it at the front of your strategies.

Walk the streets, literally. Go and have a look at the other practices in the vicinity. Then take a good look at your own. Take photographs or video of you and them and examine them on a big screen. What do you see? What can you improve quickly and easily?

5 Differentiate yourself.

Get absolutely clear about what it is you do, what it is you offer, what makes your practice unique. This is the core of your marketing.

I can hear Dr Jim sighing, “not marketing again”, that’s because he still doesn’t get it. He thinks that marketing is about advertising, about promoting yourself as something that you are not. He’s wrong. Marketing is about being yourself and sharing that. It’s about discovering what’s at the core of you doing what you do and letting the world know.

Everybody in every business should be marketing themselves and the business for every minute of every day. The chances are the corporate will have the same paint job as the other practices, the same signage, the same website, price list, uniforms and ways of answering the phone. Almost certainly the people who work there will have been taught what to say when they answer the telephone, a script memorised. It’s unlikely they will be trusted to speak their own words with the same meaning or they will have been encouraged to be their own authentic selves.

This is where you start to make inroads, where you stand out, where you become the distinctive “Jim Misery” brand. (Jim gets self conscious when I say these things but trusts me enough to go along with it because he knows it works).

Part 2 tomorrow

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