Invest in Your Business
“Invest in yourself. Your career is the engine of your wealth.”--Paul Clitheroe
What does it mean to invest in your business/career? To me, it starts with choosing what to do with your life. If you decide to do something just to make money, more times than not, you will be unsuccessful. I believe you will be the most fruitful if you earn money doing something you love.
My patients often ask, “Doc, how could you like to work on teeth?" Dentistry can be quite challenging at times, but it's not necessarily the teeth part that I love. I love the satisfaction I get when I help somebody with a problem. I love being able to employ people and push them to be their best. The best compliment I can receive is that my staff is so friendly. (Of course, it is still nice to hear people say that they are happy with my dental work.)
Investing in my business is all about my vision of having a practice that offers our patients top notch, efficient customer service and dental work or advice that is of the highest integrity and standard of care. This vision is always in the forefront of every business decision I make. Oftentimes, businesses or careers fail because the owner doesn’t have a clear vision. Operating without a vision is like driving your family in a car for a vacation but you have no idea where you are going. How will you ever get there if you don’t know where you want to be! My advice is to invest time in thinking of where you want to be--it will help guide you each and every day.
As always, please ask your financial consultant before making any investment decision. These blogs are my thoughts and personal advice only.
Tuesday, September 24, 2013
Thursday, September 19, 2013
Investment Advice
Today, we are going to take a little a break from dental-related topics. I have spent a lot of time researching and speaking with consultants on the best ways to invest my money. Below, I will share with you my findings and my personal investment strategy. As always, please consult a financial advisor or counselor before you choose any investment path.
Investing in Myself
My top three investments are myself, my business, and a savvy whole insurance strategy. Money can be spent in two different ways: an investment or an expense. An investment suggests that you will get a return on your money. The "return" doesn't necessarily mean monetary value. Furthering one's education is a great example of an investment that gives you a return in the form of learning, increasing mental capacity, expanding horizons, broadening career opportunities, etc.
An expense suggests that there will be no significant benefit to your well-being from you spending money, time or energy. Sorry ladies, buying those fancy Jimmy Choo shoes is a great example of an expense. The shoes don't really "return" anything that improves one's mental, physical or spiritual state. Of course one can argue that a purchase, such as buying Jimmy Choos, gives one greater self-confidence, which can help in other aspects of life like nailing that job interview. In determining whether spending your money is an investment or an expense, ask yourself, "What am I really getting out of this?"
When it comes to one’s health, I am a firm believer that there is no such thing as an expense. I believe in preventative medicine. I always advise my patients to eat right, exercise, and invest in any service that may prevent them from needing something else that would most likely be more expensive or invasive in the future. For example, should you invest 30 seconds a day and floss, or spend thousands of dollars in gum therapy/surgery in the future and risk shedding years off your life by not flossing?
Next week, we will talk about investing in my business.
Investing in Myself
My top three investments are myself, my business, and a savvy whole insurance strategy. Money can be spent in two different ways: an investment or an expense. An investment suggests that you will get a return on your money. The "return" doesn't necessarily mean monetary value. Furthering one's education is a great example of an investment that gives you a return in the form of learning, increasing mental capacity, expanding horizons, broadening career opportunities, etc.
An expense suggests that there will be no significant benefit to your well-being from you spending money, time or energy. Sorry ladies, buying those fancy Jimmy Choo shoes is a great example of an expense. The shoes don't really "return" anything that improves one's mental, physical or spiritual state. Of course one can argue that a purchase, such as buying Jimmy Choos, gives one greater self-confidence, which can help in other aspects of life like nailing that job interview. In determining whether spending your money is an investment or an expense, ask yourself, "What am I really getting out of this?"
When it comes to one’s health, I am a firm believer that there is no such thing as an expense. I believe in preventative medicine. I always advise my patients to eat right, exercise, and invest in any service that may prevent them from needing something else that would most likely be more expensive or invasive in the future. For example, should you invest 30 seconds a day and floss, or spend thousands of dollars in gum therapy/surgery in the future and risk shedding years off your life by not flossing?
Next week, we will talk about investing in my business.
Tuesday, September 10, 2013
Q: Am I A Candidate For Getting A Dental Implant?
A: First, let's discuss some reasons why one would not be a great candidate for a dental implant:
1. Smoking. Smoking lowers our success rate for dental implants because it causes the blood vessels in the jaw to constrict. Without adequate blood flow, new bone formation around the implant is limited. Therefore, the implant may not be as secure as it needs to be and has a greater likelihood of failing. If you are a smoker, I would recommended decreasing the number of cigarettes to less than 1/2 pack a day for a month before implant surgery. Of course, stopping smoking completely is the best option for getting dental implants and one's overall health.
2. Jaw Bone Type. The jaw is made up of 4 different types of bone. They range from hard, like oak, to soft, like Styrofoam. The hardest and softest bone have lower success rates. The highest success rate for dental implants are in patients who have bone types that are in the middle of hard and soft. Not sure which bone type you have? At Roselle Park Dental, we have a CT scan that can help us measure the density of your jaw bone.
3. Diseases. Certain diseases, such as uncontrolled diabetes and osteoporosis, can be contraindications for dental implants. At Roselle Park Dental, we make sure we do a comprehensive medical history to determine if dental implants are the best course of treatment for you.
To see if you're a candidate for dental implants, call Roselle Park Dental and schedule a consultation. The dentist will do a thorough oral exam, medical history review and CT scan so he can see your entire jaw bone structure. We look forward to seeing you!
1. Smoking. Smoking lowers our success rate for dental implants because it causes the blood vessels in the jaw to constrict. Without adequate blood flow, new bone formation around the implant is limited. Therefore, the implant may not be as secure as it needs to be and has a greater likelihood of failing. If you are a smoker, I would recommended decreasing the number of cigarettes to less than 1/2 pack a day for a month before implant surgery. Of course, stopping smoking completely is the best option for getting dental implants and one's overall health.
2. Jaw Bone Type. The jaw is made up of 4 different types of bone. They range from hard, like oak, to soft, like Styrofoam. The hardest and softest bone have lower success rates. The highest success rate for dental implants are in patients who have bone types that are in the middle of hard and soft. Not sure which bone type you have? At Roselle Park Dental, we have a CT scan that can help us measure the density of your jaw bone.
3. Diseases. Certain diseases, such as uncontrolled diabetes and osteoporosis, can be contraindications for dental implants. At Roselle Park Dental, we make sure we do a comprehensive medical history to determine if dental implants are the best course of treatment for you.
To see if you're a candidate for dental implants, call Roselle Park Dental and schedule a consultation. The dentist will do a thorough oral exam, medical history review and CT scan so he can see your entire jaw bone structure. We look forward to seeing you!
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