“Pay them well and keep them forever”

This was the mantra one advisor kept coming back to when Monica and I would ask questions about staff development, turnover, and longevity. How do we find good people? What makes them stay? How can we find out if an employee may be bad, or worse – a cancer – to the team??   This advisor kept coming back to, “Pay them well and keep them forever.”   I narrowly thought he was only referring to the employee’s wage, but over time I started to see how this mantra and attitude permeates into much more than how much an employee earns.     We’ve been in the process of hiring our newest team member for the past couple of months and I’m starting to see the truth in the saying that ‘good people are hard to find.’   It’s not that candidates are unqualified or unmotivated. In fact, many have […]

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Well… We bought a dental practice!!! (“The Project”)

You may be thinking to yourself, “Wait. He’s not a dentist…?”   Correct you are. My wife, on the other hand – 100% Doctor of Dental Surgery (DDS).   I’m writing this article in June of 2017, and as we near our closing date (June 30, 2017) on “the practice” (hereinafter referred to as Monfredi Family Dental – I’ve read so many documents written by lawyers lately…), I cannot wait to share much of what we’ve been through in the past 7-ish months (we started the process for buying this practice in December 2016).   I’ve heard some people that I have great respect for say recently, “…Getting an MBA can be a huge waste of time and money. You should just start a business. At least that way you have a chance to make your money back…”   Well… We indirectly took them up on that offer.   And, although […]

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