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Taking Total Responsibility for your Life and Practice. CH 1

Have you ever felt like you were out of control in your medical practice? Like you no longer controlled how you get paid, what kind of patients you see, and even feel you are being told how to take care of patients? I start most of my Medical Practice Success Summits by asking, What is the number one problem in your practice?” I normally get all kinds of answers, everything from employees to cash to competition. After a pause, I let the attendees know that, “The number one problem in your business is you.” You must understand this. If I replaced you with someone much…

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Defining who you are?

One of the biggest challenges facing any business, and particularly a medical practice is to decide what you are and what you represent. What do you stand for? How do you distinguish yourself from the competition? What makes your practice unique and different? Deciding on your values and your purpose is an undertaking that is well worth your time and effort. It is not easy to do. It is not urgent and does not ring or arrive in your email. So if you do not make it happen, it will always get put on the back burner. If you take the time, and if you make it happen, you will find it is…

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The Business of Medical Practice Financials

Every month, I have a financial ritual I go through. It has taken me 20 plus years to perfect, but I want to share what I consider important and what I look at every month so you can see if the same optics might help you. Financial Meetings: I have two finance meetings per month. I started with one, and it was very basic in the beginning. If you don’t have any, I recommend setting aside one day a month to meet with your team, your CPA or accountant and/or your banker and just start. It will become more and more apparent which things you should talk about. It is important to become…

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Nothing Really Matters

One of my mentors, Darin Hardy, wrote an article on his blog about decreasing stress. I love some of the things Darrin talks about. Some of which I would like to talk about as well, so I wanted to make sure he got credit, while additionally adding my own flavor to this topic. One of the things you can do to decrease stress according to Darrin is to just do the shit you’ve been putting off. This is so important. So many times we just keep things in the “to do" column instead of just getting them moved over to the “done” column. How many times have we talked about the…

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I will no longer tolerate...

I will no longer tolerate... This "process" has changed how I show up in this world my friends. About three years ago I was attending/speaking at the Medical Practice Success Summit in Dallas and a friend, mentor, colleague, and fellow speaker - Dr. Tim Reynolds - encouraged the crowd to create an "I will no longer tolerate" list for their business and life. (Download here) I took on that challenge. And the very first thing I wrote down has completely changed my life. #1 Because I wrote it down. #2 Because I have been committed to living up to it. Anyone can think about a commitment. Anyone…

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Are you the master of yourself?

Sometimes I am an ass, but not as much as I used to be. I hurt people’s feelings, I am impatient, I am not a good listener, I don’t try as hard as I should. These are all true. At the same time I am so much better than I was ten years ago and that is the point: the continuous process of learning and getting better. It is the process of self-mastery and inner peace. As I get older I realize more and more that inner peace comes from self-mastery. This is, of course, the mastering one’s self. When I was young, I was not the master of my emotions. My emotions mastered me. I got…

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Are You Tired of Feeling Stressed Out?

One of the most frequent complaints I hear involves the word “stress”. It usually goes something like, “I am just so stressed out with all I have to do.” As an Medical Practice business owner, I could easily say, “I sympathize with you.” But the reality is, I don’t really have stress. I learned a long time ago that contrary to popular belief, stress is not caused by external factors. It is not caused by things we cannot control. Think about this. The most successful, wealthiest, busiest people in the world seem to have no stress at all (or at least no…

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Playing by the Ballpark Rules

By: Tim Reynolds, M.D. Most of our life we live playing in someone else’s ballpark. Simply put, we live by rules which we didn't create. Think about it: 1. You drive a certain speed someone else set as the speed limit. 2. You pay taxes someone else decided were the right amount. 3. You have to obey rules at work that you didn't create. In short, you are playing ball in someone else’s ballpark! You may not always agree with the rules set by the different ballparks you play in, but if you want to succeed, you must understand something: If you are going to play there, you have to…

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An Easy Secret to Success

By: Tim Reynolds, M.D. I’m not sure how long ago it happened. I cannot tell you exactly what it was that prompted it. It may have been something that happened to me, or it may have been something I read or heard. This much I do know: It dramatically changed my life forever. Since discovering this secret, nothing in my business has ever been the same. I am not the same. The way I view the world is not the same. It has made decisions easier for me to make. So what is it? Life is Up to You When I came to the realization deep in my heart that whatever was going to happen to me and my…

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