So what is the most dangerous number in business? Well read this quick story and have a guess, this could be the most important article that you read this year.
Over the last few months, we have seen an influx of Dentists joining our Two Day Ethical Sales & Communication Programmes; All these Dentists and Practices have one thing in common; they all want to improve their sales of Private Treatment. They are all NHS Dentists, still committed to providing this type of treatment, but have realized that because of the cut backs, the fact that there has been no pay rises for a while now, that if they don’t start increasing private income, then they are going to struggle to survive.
This really hit home to me when I delivered a workshop to 61 delegates in the Midlands, of which 18 were Dentists. There were some very long detailed conversations about how much income of their income was attributed to the NHS and how much of their treatment was delivered privately. The average was around 95% NHS and in some cases it was closer to 99%. This really brought home to me one of the most important business lessons I discovered many years ago. It is the most dangerous number in business.
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