Sticking Around
A young
Ophthalmologist called me for advice two days back, he has been practicing for
8 years in a small town, and his practice does not seem to go anywhere, and he
is finding it difficult to survive, he asked me if he should close the practice
and look for a corporate Job or join another practice?
I need to
advise him properly, should I advise him to close shop, or stick around? I decided
to ask him to stick around
When people
want to give up- one of the below may be the reasons
1) The Grass
is greener on the other side kind of thinking
2)
Annoyance and Frustration
3) Lack of
understanding that known devil is better than an unknown angel.
I will not
vouch that the advice to stick around is always correct -but it can be a good advice
one third of the time when you are young and half of the time when you are
older. But when it is a good advice, it will be one of the best advice.
Medical
Practice is nothing, but relationship and network building and it takes time to
build the networks. So, when our young Doctor closes shop, he will lose all the
network he has built over the past 8 years, and it will be difficult to build
such a network again. Some networks take time to compound, and we should be
sticking around till the network effect multiplies and compounds. Hence sticking
around for some more time shall do the magic.
Same
applies to people working in a hospital, should they continue in One Hospital
or move ahead and join a new organization? If you are someone with a Employee Mindset
-definitely sticking around in one organization will be more beneficial since
you will have developed the skill sets, seniority and network in that
particular organization which has to be built again when you change jobs.
Another
thing which I suggested the Doctor is introspection of why his practice is not
doing well- and suggested that he should think of reengineering his practice
and identify the lacunae’s and work on it step by step to sustain and grow the
practice.
So my
suggestion is if you decide to quit – quit early- not after putting in years of
effort and hard work, quitting in earlier stages is better- since the next
venture or Job may have that compounding effect of growth.
Dr T.Senthil
Founder and
CEO
Ophthall
Practice Development
Please do
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