Start the new year in style

With 2014 coming to an end it’s a great time to assess where you are in terms of your business goals. Analysing your productivity, profitability and cost efficiency is vital if you want to succeed in the year to come.

Productivity

One of the first areas to look at is your productivity. This time of year provides the perfect opportunity to conduct staff appraisals, which will allow you to assess where any weak links may lie but to also understand the aspirations of each individual. You may have a member of staff who would like to expand their skills to reach a higher level of job satisfaction. By talking to individuals you will be able to work together to find the perfect balance of skill mix that works well for your team but also for your practice moving forward. This may involve an initial outlay through paying for courses but in the long term you will reap the rewards that come from having a well-trained team who appreciate your investment in them and will repay you through loyalty.

Profitability

Understanding your finances is the key to pushing your business forward in the year to come. Without a detailed understanding of your profits and losses, you cannot start contemplating whether to spend on staff training or promotions. You need to know where your business is financially before you begin the appraisal process, this will give you a benchmark for pay rises and bonuses as well as other costs that may need consideration.

Cost efficiency

Productivity is not solely dependent on people, the surroundings also come into play. For example, if your workspace doesn’t have the right flow it can have a negative impact on your staff and patients. The set up of the practice is vital, if it isn’t quite right it can make working practices clumsy and awkward and will affect the efficiency of your work. Aesthetics should also be considered, too. Does your surgery impress throughout? Spending money on new furniture and cabinetry may feel excessive but balancing the initial outlay with the benefits of an efficient workflow and a beautiful practice that patients and staff will appreciate, can be a clever move for a long-term investment.

Tavom UK has supplied dental cabinets and medical furniture to the medical and dental industry for more than 35 years and has extensive experience in dental surgery design. The company understands the dental profession and provides beautiful and functional workspaces using high quality products.

The time is right to take stock of your positioning, in terms of finances and business aims, in order to ensure you’re on the right track towards reaching your goals. Investing in key areas of your business now can help you push forward and achieve success in the year ahead.

To see how Tavom UK can transform your dental practice, please call 0870 752 1121 or visit the Tavom UK website www.tavomuk.com