Check out my first-hand look at Atlantic City!
This article first appeared in LMT’s August 2015 edition of the LMT Insider, our monthly e-newsletter, and takes a closer look at the pros and cons of the minimum wage ordinances that have recently made national headlines.
Whether you have two technicians or 20, there is perhaps no greater challenge in the laboratory than managing your staff. From morale issues to interpersonal conflicts, Lab Owner and Manager respondents to LMT’s Personnel Survey share their strategies for achieving pleasant and productive work environments.
In our industry, where the economic barriers to entry are relatively low, it’s all too common to hear stories about employees leaving a lab and then winning that lab’s customers, or worse, other staff members. Of course, from the lab owner’s perspective, the former employee didn’t win the customer or staff member; in his mind, he was stolen!
Like some of you, we too have been...
In our Ask SCORE column, George Obst, certified SCORE mentor and retired CEO and Founding Partner of Dental Services Group, draws upon his 30 years of experience to address questions about building successful and profitable laboratories.
How can I effectively solve recurring problems? In any type of business, unresolved problems can fester, leading to poor quality and service, and may ultimately lead...
- February 2014
- November 2013
It's a perfect storm heading straight for your bottom line: the economic crisis, new technology, profit erosion, offshore competition and the changing demographics among your dentist-clients...
- April 2013
In the latest installment of Barry D. The Lab Guy, Laboratory Owner Mike Hill explains his strategies for protecting the bottom line.
- March 2013
- February 2013
From consistency and good service to referrals and successful seminars, these tips and techniques help you maintain the relationships you have and find the customers you want.
- October 2012
The cost of labor can constitute as much as 50% of production costs in some laboratories, making it a key factor in determining the success of the business. One of the fairest and most effective ways management can reduce labor-to-sales ratios and remakes, as well as increase productivity is to implement a productivity incentive plan that financially rewards employees for their efforts to achieve...
- March 2012
Perhaps no single event in the last 100 years of dentistry has had a greater impact than the recent recession. Dr. Roger Levin explains how the economy is affecting your dentist-clients and what it might mean for their futures.
Declining profits and the loss of its largest client would send even the healthiest laboratory reeling. But as a result of its customer-focused plan, Jesse and Frichtel Dental Labs in Pittsburgh, PA, has emerged stronger and poised for growth.
Thanks to a number of strategic decisions over the past few years, Oldsmar, FL-based Knight Dental Group's annual output per technician has nearly doubled!
3Shape Co-Founder Tais Clausen offers advice for maximizing your competitive edge and taking advantage of positive market trends.
- February 2012
Have an ingenious marketing strategy? Innovative cost-cutting idea? New way to streamline production? Share your best business boosting strategies with over 3,000 of your peers on THE BRIDGE!
Faster, Smarter, Better: 6 Financial Strategies to Boost Your Business. Share Your Money Saving Tips Here!
Problem: My lab is tight on cash and I'm looking to better control my inventory costs.
Strategy: Keeping a tight reign on your inventory and not stocking a lot of extra materials can be a great idea—especially when it comes to high-priced metals and implant components. On the other hand, you can also save money by buying in bulk—especially for frequently used items like acrylic or ones...
8 Faster, Smarter, Better Management Strategies to Boost Your Business: We Want to Hear Your Management Strategies
Problem: I'd like to implement pre-scheduling to help make our workload more consistent; we're overwhelmed one day and slow the next.
Strategy: Pre-scheduling—where the laboratory, rather than the dentist, determines the turnaround time for each case—helps ensure an even workflow, which minimizes the pressure of deadlines and enables a technician to focus on his product quality.
Read More 8 minute read
In this economy, working faster, smarter, better is the key to riding out the storm. Here are 6 easy-to-implement tips that can lead to a leaner, meaner, more efficient laboratory operation.
Problem: I feel like my staff is very fragmented, especially between departments. I need some strategies to inspire my technicians to act as a team.
Strategy: Have some fun. Encouraging your employees to...
Read More 5 minute read
- October 2011
The primary objectives and responsibilities of an outside vs. inside sales rep differ and so do their compensation packages. Nick Azar offers average salary ranges and guidelines for commission.
- September 2011
Glidewell Laboratories is once again âcrossing the traditional boundaries of dental technologyâ with the opening of its 2,800-sq-ft, state-of-the-art training, education and technology demonstration facility.
The technology learning curve for both dentists and technicians is ramping up to a never-before-seen level, putting tremendous pressure on laboratory owners to educate themselves, their staff members and their dentist-clients. LMT looks at the indust
Read More 5 minute read
- April 2011
Are you getting the most from your precious metal scrap? Or are valuable dollars literally slipping through your fingers? Refiners share their hints for maximizing your scrap returns and elaborate on their services.
Establish regular scrap collection procedures and be diligent about sticking to them.
Look at all sources that may contain precious metal scrap like bridges, crowns, inlays, clasps,...
In our price-competitive, technician-deprived industry, offshore outsourcing is becoming an increasingly viable business strategy.
Read More 10 minute read
Experts say you should be thinking about how you'll retire from the moment you open your doors; at the very least, you should begin formulating your plan 10 to 15 years in advance of your expected retirement date.
In light of the dramatic rise in imports from overseas laboratories in the past several years, the FDA has become concerned that these low-cost offshore restorations might not contain FDA-approved materials that are legally required to ensure patient
To charge or not to charge for remakes is an issue that often divides lab owners. LMTâs exclusive Remake Survey looks at how your peers are handling cases gone wrong.