Lack of Management Skill Prevents Practice Growth

A practice is only as good as the management skills of those who are managing it.

One problem is "natural-born" managers are hard to come by.

Far too often when an owner/doctor hires someone to manage, with the "perfect" degree, that person has really only studied the theory of management, which more than likely was a study of business laws or case studies of past failed or successful practices with absolutely no practical experience included (or, if you’re lucky, minimal experience).

Or, a person decides to break out on his own and manage a his or her own practice and yet lacks the actual management skills to take it beyond the dream stage or only up to the struggling stage, he finds that he can't breakthrough some invisible barriers.

This can be seen in the management of many different fields of medicine, such as dental, general medicine, optometry, veterinarian, specialized fields of medicine, chiropractic, and many others areas. The problem is their schooling didn’t provide the training they would need to start and actually run, operate and expand a private practice. The problem here is they don't generally realize this until they are up to their eye balls in lack of viable revenue and threatened with failure.

This can only last for so long, before the owner/doctor decides to throw in the towel.

Actually, this is the reason small and medium sized practices fail and is the cause of a great deal of heartache, broken families and failed dreams.

It really doesn't matter how much you want it, how pure of heart you are, the amount of money you have to pour into it, etc, etc.

It all boils down to one thing: MANAGEMENT SKILL.

The good news is that one can learn management skills if one realizes that management is a science all to itself and one is willing to work hard to learn it and then works hard to establish a good management structure for ones practice.