When analysing dental businesses and individual team members I try to keep in mind “5 E”s that apply to successful clinical practice, effective, ergonomic, economic, ethical, efficient. I have always believed that principals, and those who truly have “skin in the game” perform better on most, if not all, of the “5 E”s.
The workforce generally could learn a lot from some of my case studies.
Harder, better, faster, stronger? Hardly. Yet another year has passed without any productivity growth in the UK. In fact, output per hour worked actually fell 0.2% over the year to Q4 2018. The only reason the economy grew at all was because more people worked than ever before. Yet each worker now produces a mere 2% more than before the 2008 recession struck (whereas our American cousins are churning out 15% more every hour worked). Bad news is that the awful run is unlikely to let-up soon; both weak investment and slowing trade are likely to drag on productivity growth in 2019.
Filed under: 7 Pillars of Successful Dental Business, Business |
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