T-bone Speaks Dentistry

The country is slowly easing lockdown measures and soon, both small and large businesses will resume operations - but I don’t think we’re out of the woods yet. The last two months have been ugly from an economical perspective and a recession is no longer a “what if,” but a probability. If you’re like most business owners, you have an emergency fund, but you probably used most of it during the lockdown.    Can your business survive the next six months if a recession hits the country? What measures should you take to make sure your practice is recession-proof?   Today, I share some of the ways I will be preparing my practice from a potential recession period. I discuss when I think the recession will happen and how long it will last. I explain how this recession will be compared to what happened in 2008 and describe some of the services you should stop offering if a recession does happen. I also explain how to identify which team members to let go of first when push comes to shove. “The pain of n