Your charisma is your magical power to charm, attract and inspire others. When you are charismatic, people want to be around you, listen to you and help you. They want to follow your instructions and stay on your good side. Patients and staff are more likely to follow your instructions, ignore your mistakes and stay on your good side.

Of course, there are times you must be tough and forceful. But adding some sugar to your working relationships is not only good manners, it adds to your success.

Would you believe that a large number of practice owners are scared to find out if they do actually run their practice well...

One of the most valuable benefits of being the boss is you get to reward your employees. It not only brings joy to you and your staff, it causes better performance and higher productivity. Money is not the only reward you can give and, in fact, is not as valuable as other types of rewards.

I've had a lot of conversations with practice owners in the past 38 years that I've been consulting, and while their most immediate problems are very often tied to staff and patients; underlying those problems is the more disturbing concern that their practice is not going to be able to generate enough income for them to retire as they'd hoped.

Practice owners who thrive, while others fail, have these seven habits in common.

Some practice owners are reluctant to set practice goals. They think that the problems in their practice are too big or too difficult or too complex to handle and they don't know the best way to solve them. And here's where we can help…

Fear helps animals react quickly to danger. Maybe fear helped our oldest ancestors survive in the wild. Yet as a practice owner, fear may cause more damage to your practice than anything else.

“I'm the boss, so I can act any way I want” is a true statement. Sure, as the practice owner, you can be angry, sarcastic, impatient, critical, disrespectful, pessimistic or rude, any time you wish. However, acting out your bad moods can cost you hundreds of thousands. How?

Staff management problems produce more stress for more practice owners than any other practice-related situation. Here are the five most common mistakes that we've seen in staff management, and what you can do about them.

When all of your staff members are A performers, you have an A-Team and your success is guaranteed. When most of your staff members are B performers, you have an average practice. To the degree you employ C and D employees, you fail.

An office manager recently told us, “The doctor has mood swings. He looks unhappy for days. There’s nothing we can do about it.” The consultant pointed out how that is not true. In fact, employees can boost their boss' morale. They can give the boss more optimism and less stress. They have more power than they know.

If you are like most people, you hope to be financially independent, with a decent standard of living, while you are young enough to enjoy your wealth and freedom. You can improve your financial condition and move toward financial independence with these steps.