Your assistants are as good as they choose to get. Or maybe as good as you choose to get.
The Young Indian Orthodontist realized this the day he left a high quality Orthodontic Practice.
And having set shop himself despite this BIG BAD WORLD OF OUTGOINGS, he decided to find the Ideal assistant. He kept a few things in mind "you give peanuts, you hire monkeys". "you pay(no pun intended) your assistant respect, you get theirs for life". He hired 2. 1 year later, he is looking for yet another assistant to take 1's place. He came to a conclusion that A Young Indian Orthodontist can only get a monkey and an Orthodontist is a Monkey trainer. Now the Young Indian Orthodontist has decided that he is going to make a Monkey Training Manual. With the works. Indirect Bonding, Implant set-up. That too with a Marathi translation. He will soon make it in other languages so that other Monkey trainers can benefit. Watch out for this space.
Thursday, May 8, 2008
Young Indian Orthodontists at the stock market
Orthodontist to the patient's parents - Now this is one long term investment i want you to make for your kid.
A Young Indian Orthodontist feels that the return on his capital employed is abysmally low. Had he invested all that time and phenomenal money in the market, he would be in a position to hire a few like himself to work for him.
The brighter side is that in orthodontics, so long as you are visiting other dentists' clinics, the business risks are the least.
The 'other income' these days on their balance sheet is often growing much faster than their 'professional income'. Professional income after a few years in practice grows at max 30%. Other income is growing at a CAGR of a whopping 100%. And they are taxed lesser for it too. This often makes them wonder if they should concentrate more on the 'other income'.
These days the Young Indian Orthodontist is seeking for more tips on multibaggers than on tips to move teeth better.
Economic Times and DNA Money has taken precedence over AJODO, Proffit.
CNBC Investor Meet seems more worthwhile than the upcoming Mumbai Annual IOS meet.
The last time the Young Indian Orthodontist wanted to do a Continuing Education Course was in Jan-Mar 2008 when his portfolio was in red. That's when he also thought of planning to give his DIBO, MOrth, DNB exams.
The Young Indian Orthodontist also feels that instead of putting 50 lacs to buy a pigeonhole, spending another 5 lacs to set it up, waiting agonisingly for a whole 3 years to get established, investing those 55 lacs in Reliance Industries will make him a get him a crore in less than a year. Not that is (RoI) Return on Investment.
A Young Indian Orthodontist feels that the return on his capital employed is abysmally low. Had he invested all that time and phenomenal money in the market, he would be in a position to hire a few like himself to work for him.
The brighter side is that in orthodontics, so long as you are visiting other dentists' clinics, the business risks are the least.
The 'other income' these days on their balance sheet is often growing much faster than their 'professional income'. Professional income after a few years in practice grows at max 30%. Other income is growing at a CAGR of a whopping 100%. And they are taxed lesser for it too. This often makes them wonder if they should concentrate more on the 'other income'.
These days the Young Indian Orthodontist is seeking for more tips on multibaggers than on tips to move teeth better.
Economic Times and DNA Money has taken precedence over AJODO, Proffit.
CNBC Investor Meet seems more worthwhile than the upcoming Mumbai Annual IOS meet.
The last time the Young Indian Orthodontist wanted to do a Continuing Education Course was in Jan-Mar 2008 when his portfolio was in red. That's when he also thought of planning to give his DIBO, MOrth, DNB exams.
The Young Indian Orthodontist also feels that instead of putting 50 lacs to buy a pigeonhole, spending another 5 lacs to set it up, waiting agonisingly for a whole 3 years to get established, investing those 55 lacs in Reliance Industries will make him a get him a crore in less than a year. Not that is (RoI) Return on Investment.
Subscribe to:
Posts (Atom)