Page 31 - Bulletin Vol 26 No 2 - May - Aug. 2021 - Final

Article | Finance continued

correctly, exercising, having an impact on your community and engaging life passions, especially those you
believe should be put off until retirement. It is important to train to be where you are. Business
philosopher Jim Rohn couldn’t have been more insightful when he said, “wherever you are, be there. Don’t
think about vacation when you are at work, so you don’t have to think about work when you’re on
vacation.”

Balance within your Practice. You are a Doctor of Dental Medicine, but you are running a business. There
is often a gap in executing both of these areas of operations simultaneously and separating them is not an
option. The answer to this dilemma is not going to be easy. In their book Execution: The Discipline of
Getting Things Done, L. Bossidy & Ram Charan capture the essence of this gap and explain it. “The fact is
that with execution, there is a significant gap between what the company’s leaders want to achieve and
the ability of their people to carry it out.” In other words, whatever area your internal staff or external
providers are not executing, the burden falls on you.
Balance within your Finances. Are you paying too much in taxes? How do you know? Most people have a
qualified CPA; some even “focus” on medical practitioners, but again how do you know if you are
overpaying?

Are you monetizing your practice? Is it providing for the lifestyle you believe you deserve? Are you
saving for retirement at the appropriate level? Are keeping these dynamics in balance with driving an
optimal valuation of your practice?

Finally, how is your Life Balance? Is your practice operating around your life, or the other way around?
Achieving a genuine, long lasting balance will take work and a framework that regularly considers fully all
the items mentioned above and more and aligning them with each career stage.

All of this cannot be discussed without recognizing the challenges of the last few years. We can all
empathize with Henry Kissinger who, while serving as Secretary of State in the 1970s, exclaimed, "There
cannot be a crisis next week. My schedule is already full."

As you set out to reach a balance in life and as you pass through each state of your career, outside
guidance and skilled resources can often pay a pivotal role. The right team with the right skills can help
overcome the things that tends to stop us, such as apathy or lack of motivation, lack of time, lack of
energy.

Even before COVID-19 and its resulting pandemic fatigue, the reality is that most of us live below the level
of our energy. Imagine restoring your deep energies and motivation by rediscovering your path to work-
life balance.
Let’s keep the conversation going!
Rob Brinkman is one of the Co-Founders of AscendancyHealth, LLC. He has been in the Financial Services Industry for over 30 years, opened his first
investment firm for Edward Jones in 1987 and served many years as Registered Principal and Executive for one of the largest Investment/Insurance
companies in the world. He speaks Internationally and was selected by Jim Collins, author of the New York Times Best-Selling book Built to Last, to panel
his pre-release of the again Best-Selling book Good to Great. For the past decade, Rob has focused on mentoring and coaching business owners and high
net-worth individuals on how to leverage their success more toward a life of meaning and significance. He has offices in Texas and New York. Married to
Sarah, with 5 children, all of which are conquering the world in their own unique way.
Ascendancy Health is the healthcare industry’s only financial, practice, and marketing management collaborative dedicated to helping practitioners take
control of the future of their business and to create the Practice and Life they have always dreamed of. Ascendancy’s multi-disciplined team crafts win-win
partnerships to improve each client’s profitability, margin potential and operating efficiencies. Backed by extensive research and comprehensive
performance reporting, each Ascendancy client benefits from a trajectory optimization process designed for success across their practice and life. As a
result, they are liberated to ascend efficiently through each stage of the four major stages of their career. Ascendancy Health believes success is
measurable. It has goal posts. What is your destination? Ascendancy Health serves clients in 48 states throughout North America. The future of
healthcare is in your hands. If you are passionate about building and future-proofing your business while enabling your patients to access the highest level
of care they need, please contact Rob Brinkman directly at 203-583-2521 or via email at RobB@AscendancyUS.com
Nassau County Dental Society ⬧ (516) 227-1112 | 31