Uncertainty in the American healthcare sector is a near-constant reality for today’s providers. The pressures associated with practice management, challenges in securing insurance reimbursement and shifts in the nature of today’s patient populations are leading many newly minted dentists to avoid starting their own independent practices, in favor of other options.
Growing a small business is demanding on many fronts, but for many business owners one of the hardest tasks is to successfully recruit, hire and retain new employees. Finding the right talent and building your team is hard for every business, but in a small business the challenges and risks are greater.
One of the great challenges small business owners struggle with is diversification of income streams. It takes so much time and energy just to keep the core business going that many longtime small business owners face the serious risk of putting all of their financial eggs in one basket.