“Formulas for Success” Series Continues: Turning Practices Around Depends on Careful Sequencing
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This is a must-listen episode for anyone involved in taking over a business and trying to move it to profitability as quickly as possible. “In our experience, speed doesn't come from doing everything at once. It comes from understanding what actually matters first, what can wait, and what will quietly break the business if you ignore it,” says Dr. Anushka Gaglani, Co-CEO at Areo Dental Group.
And, as she and her business and life partner Dr. Abhishek Nagaraj share on this on this episode of Filling You In, keeping the long game in mind is also critically important. “We're not just thinking about getting back to profitability. We're thinking about building something that can stay really healthy after that initial push is over,” he says.
Drawing on their experience successfully turning around multiple practices in the Chicago area, Anushka and Abhishek offer tested approaches to handling the many moving parts in these projects, including:
- The three core benchmarking layers;
- Distinguishing symptoms from root causes;
- Change management and team buy-in.
You’ll leave this conversation with a roadmap of practical steps and leadership moves that can shape your own business journey, plus the kind of candid advice that’s hard to come-by as we continue this super informative five-part series.
Mentioned in this episode: Areo Dental Group