How Can Pilates and Yoga Help Dental Professionals?

For many of us, it’s common to feel like we aren’t getting enough exercise or movement in our day to day lives.

Jobs such as dentistry that require frequent sitting all day can actually be a lot more physically exhausting than those in which you are on the move. In fact, studies are revealing the true impact that sitting is having on our bodies and health – some are even starting to call sitting the new smoking.

Combine this with the stress of long days, consistently keeping clients in the office, and even the added pressure of selling a practice, and what you have is a recipe for disaster.

As a dentist, you need a solution that can offer noticeable benefits without the need to spend hours a day or a commute in order to practice. It is also preferable that it is something that can be performed at work.

Enter Yoga and Pilates.

Yoga is an ancient Indian exercise that dates back to 500 BC while Pilates was developed in the early 20th century. Both focus on eliminating muscular imbalances and improving physical health.

The major difference between the two is that yoga has a larger focus on the spiritual aspect of the exercise. If you are open to the idea of spirituality, then you might find a greater psychological benefit from doing yoga, however if that isn’t your cup of tea, you’ll probably find that Pilates resonates more with you.

If you are looking for an introduction to Yoga or Pilates, a simple Google search will reveal a number of studios in your area. However if you’d prefer to just learn at home, Do Yoga With Me offers a number of free and paid online Yoga and Pilates classes to get you started.

Here are some of the ways in which Pilates and Yoga can help dental professionals.

Relieve stress. When we work long hours in a closed environment it is inevitable that we will end up accumulating stress. Yoga and Pilates are great ways to relieve that stress either before, after, or during work.

Improved flexibility and posture. Spending all day at a desk inevitably damages your posture and limits your flexibility. Consistent daily stretches lengthen the muscles and help you to become more flexible, improving your posture in the process.

Improve vitality. At the end of the day when your muscles would have usually been tired, the endurance that you will have as a result of the core strength you’ve gained from these practices will mean that you will have more energy.

Slows the aging process. A new study has suggested that yoga can actually slow the aging process by increasing two key hormones linked to longevity – Growth Hormone (GH) and dehydroepiandrosterone (DHEAS). When we age we tend to lose these biochemical, and men, in particular, can see significant benefits by ensuring their balance.

If you’re working long hours, or maybe even in the process of a dental transition, you’re probably feeling stressed. Consider yoga and Pilates as a natural way to improve health, vitality and your performance at work.

NAPB | National Association of Practice BrokersDENTAL PRACTICE BROKERS

Dental Practice Transitions Selling a Dental Practice
Dental Practice Valuation Dental Practices For Sale


5 Ways to Increase Productivity For Dentists

Like any service based business, the productivity of your day-to-day operation has a huge impact on your bottom line and the valuation of your practice.

For your patients, a notable amount of stress often accompanies dental visits. For them, a short experience is a good experience.

If you spend a second watching your patients in the waiting room you’ll see how anxious most of them are – constantly checking the time, trying to distract themselves from the procedure ahead.

A dentist that can keep them from spending too much time in the waiting room, and make sure procedures are speedy and effective, will soon develop a great reputation.

  1. Time your procedures. A lot of dentists don’t actually bother with this. They roughly estimate how long it will take for the assistant to prep the room, for them to perform the procedure and for administration to finish all processing. This leads to overlaps which leave patients waiting in line.
  1. Be willing to invest in equipment. It is important to invest in new equipment, not just for safety reasons, but because it will improve the efficiency of your practice. You can have your assistant manage the equipment and stay on top of industry trends, so you know when it makes sense to make a purchase.
  1. Train and trust your dental assistants. If you adequately train your staff to do as much as possible you’ll be better able allocate your time and you’ll have a more competent and reliable team. Make sure you are familiar with state laws that dictate exactly what your staff is allowed to do based on their qualifications.
  1. Master your scheduling. Having a neat appointment book that is easy to navigate, or even digital can prevent a lot of hassle. It’s even worth having patients ‘check-in’ once they get to your practice to determine who are typically no-shows or late comers. This way you can tell them that repeatedly coming late results in a fine – and this will often incentivize them to come on time.
  1. Brush up on your management skills. Effective management means that tasks are delegated properly, everyone knows their role in your practice, and all employees are motivated.

Productivity can ultimately save you a lot of time and stress in your practice.

Consider these five practices and you’ll begin to see noticeable improvements in your bottom line.

NAPB | National Association of Practice BrokersDENTAL PRACTICE BROKERS

Dental Practice Transitions Selling a Dental Practice
Dental Practice Valuation Dental Practices For Sale


Simple Ways for Dentists to Improve Physical Fitness

We all know that physical fitness is an important part of a healthy lifestyle. Studies show that a sedentary lifestyle can be as bad for your health as smoking. Finding ways to incorporate movement into your daily activities, especially if you’re dealing with a dental transition can help you meet your physical fitness needs and reduce your stress levels.

Whether you’re a new dentist or you’re in the later stages of your career, there are several key things you can do to incorporate more activity into your daily life and improve your physical fitness:

  1. Count your steps. Experts say 10,000 steps a day is the sweet spot. Use one of the many fitness devices on the market to monitor how many steps you take each day and determine where you may need to change some of your habits to get more steps in.
  2. Find something you love to keep you moving and healthy at the same time. Hiking, biking, walking, swimming, sailing, yoga, and martial arts are just a few examples of activities that get you moving and keep you healthy at the same time.
  3. Pay special attention to your back. Many dentists deal with lower back pain. Core exercises are key to keeping your back in good physical shape to meet the demands of your job. The core area is comprised of the abdominals, glutes, and back. The “trunk” of your body.
  4. Look for places you can sneak in extra steps. Park at the far side of the parking lot so you have to walk a bit longer to get into the office. Skip the elevator and take the stairs. Take a quick 10-minute walk during your lunch break.
  5. Change your commuting options. If you live close to your office, consider bicycling to work at least once a week.
  6. Consider hiring a personal trainer. The benefit of a good personal trainer is that they can pay attention to your problem areas and focus on exercises to help build these areas.
  7. Find a fitness partner. Pair up with a friend or dental associate to keep each other motivated and moving. It’s a great way to be accountable for your daily activities.

Dental schools are now incorporating the importance of physical fitness into their curriculum after finding that dentists who exercise regularly report less back pain than those that do not have a fitness regimen. If you’re having trouble getting more movement and activity in your day, follow some of the tips above.

NAPB | National Association of Practice BrokersDENTAL PRACTICE BROKERS

Dental Practice Transitions Selling a Dental Practice
Dental Practice Valuation Dental Practices For Sale


Tax Related Advice to Consider When Selling Your Dental Practice

A successful dental practical transition requires that you are knowledgeable in many different areas.

For example, you need to know how to sell the practice, how to market the practice, and most importantly, how any tax laws may apply to the dental transition.

Because the sale of a dental practice is typically a significant sum of money, proper knowledge of taxation procedures could end up saving sellers thousands of dollars. However, these savings are dependent on a number of factors, which are also dependent on constantly changing state and federal tax laws. In fact, just 10 years can make a big difference in the market and legislation.

Even if you’ve already sold a practice, no two sales are the same, so an adequate understanding of t tax law is important. For this reason, you will want to make sure you get the best tax advisor for your practice.

However, even before you do this, you can familiarize yourself with tax tips to make sure that you know the basics and are asking the right questions of your advisors. Below we’ve composed some basic advice that you may want to review before approaching and while in talks with, a tax advisor.

Learn about asset allocations. When selling your practice there are multiple tax categories by which your assets will be allocated. The brackets will be different, with some falling under favorable capital gains, and others under standard income. Make sure you understand what this means for your practice, and learn how to get the most appropriate tax return on your assets.

Look at different retirement plans. Depending on whether or not you plan on sticking with the practice for a length of time following the sale, you may be able to use your retirement plan to shelter part of it. Know your intentions after the transaction, and make them clear with your advisor.

Avoid double tax. In the case that you are a corporation (C-corp.) then make sure the sale is structured in a way that as the doctor-shareholder, who has goodwill with the patients, you can attribute all the goodwill to yourself in your individual capacity. If you will be practicing for longer than 10 years, ask your tax adviser about the benefits of transferring to an S-Corp.

Remember that selling your dental practice can be a complicated process, so make sure you always seek advice from a competent tax professional.

Making an informed decision when choosing a consultant will give you a decent return on your investment, as the amount of savings you can generate from their recommendations will largely outweigh the cost of hiring them.

NAPB | National Association of Practice BrokersDENTAL PRACTICE BROKERS

Dental Practice Transitions Selling a Dental Practice
Dental Practice Valuation Dental Practices For Sale