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Pain Point 3 - Lack Of Growth

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Does your business need to grow? Growth is oxygen and it isn't optional. Ask a business coach to help you answer the 100% growth question. The 100% growth business plan can be formulated in single day. Why not invest in that day for yourself?

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Pain Point 3 - Lack Of Growth

  1. 1. L a c k o f G r o w t hL a c k O f G r o w t h contact 7connections on 01647 478145 or visit us at www.7connections.com FOR PAIN-FREE DENTAL BUSINESS Created by Does your business need to grow? Ask a business coach to help you answer the 100% growth question. The 100% growth business plan can be formulated in single day. Why not invest in that day for yourself? Growth is oxygen and it isn't optional. Take the number 72 the number of years it takes to double the value of your money. Divide by an inflation or growth rate So at a rate of 12% per annum a business: will double in size every At 72/12 = 6 years At 6% every 72/6 = 12 years At 3% every 72/3 = 24 years BUT If your business stays the same size (profit) then the real value of your business will halve in the same timescale. If you truly want your business to stand still, then it must grow annually at a rate at least equal to inflation. To grow in real terms, clearly you must outpace inflation. Teampayrises Utilitybills Yourowndomestic expenses Materialsprices Laboratorycosts The Solution patients don't want to pay more everyone else wants to charge you moreDilemma: Aim high Dentist GROWTH TARGET

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