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Bulletproof Dental Practice

De: Dr. Peter Boulden & Dr. Craig Spodak
  • Resumen

  • Dentistry is evolving - Is your practice BULLETPROOF? Marketing. Systems. Leadership. Proven strategies to grow your practice with co-hosts Dr. Peter Boulden and Dr. Craig Spodak.
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Episodios
  • The Cost of Building New + Hiring Associates (again)
    Jun 5 2024
    The Bulletproof Dental Podcast Episode 352 HOSTS: Dr. Peter Boulden GUESTS: Dr. Trey Tippit and Dr. Dwight Peccora DESCRIPTION The conversation covers the challenges and considerations of hiring and onboarding dental associates, as well as the impact of construction costs on practice expansion. Join us in discussing the decision-making process, financial implications, and the importance of finding the right fit for the practice. We'll also explore the concept of progress over perfection and the need for flexibility in hiring decisions. The conversation covers a range of topics related to hiring and onboarding dental associates, including the importance of hiring for the business rather than personal preferences, the need for balance and diversity in the practice, the role of continued education and mentorship, and the value of creating leverage through hiring. TAKEAWAYS Hiring and onboarding dental associates requires careful consideration and flexibility. Construction costs have a significant impact on practice expansion and decision-making. The concept of progress over perfection is important in the hiring process, and it's essential to be open to different candidates. Financial implications and the need for a thorough decision-making process are key factors in hiring dental associates. Hiring for the business, not personal preferences The importance of balance and diversity in the practice The role of continued education and mentorship in onboarding Creating leverage through hiring The significance of trust transfers and vulnerability in the onboarding process CHAPTERS 00:00 Soaring with Sea Planes and Construction Costs 03:13 The Impact of Construction Costs on Practice Expansion 15:22 Automated reviews versus personalization 25:08 The Thoroughbred Associate 31:21 Interviewing associates 42:49 Blue Ocean Strategies in Dentistry 46:57 Training New Dentists during Onboarding 54:15 Bulletproof Summit REFERENCES Bulletproof Summit 2024
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    57 m
  • Next-Gen Dentistry: Chatting with Paul Vigario, Founder of SurfCT
    May 29 2024
    The Bulletproof Dental Podcast Episode 351 HOSTS: Dr. Peter Boulden & Dr. Craig Spodak GUESTS: Paul Vigario DESCRIPTION Join Dr. Peter Boulden and Dr. Craig Spodak in a captivating conversation with Paul Vigario, Founder of Surf CT. Explore the trio's longstanding friendship, their journeys in dentistry, and the imperative of thinking innovatively in the field. Discover insights on the dental industry's landscape, financial hurdles, and the power of data-driven choices. Paul delves into the future of dentistry, advocating for brand-building, streamlined systems, and embracing technological advancements. Uncover strategies for designing visionary practices, fostering exceptional patient experiences, and achieving extraordinary success in dentistry. Don't miss this enlightening discussion! TAKEAWAYS Long-standing friendships in dentistry can create deep bonds and support during challenging times. The dental industry is worth $200 billion and is controlled by corporations that prioritize shareholder interests over those of dentists. Dentists often face financial challenges and may not realize the true profitability of their practices. Data-driven decision-making is crucial for dentists to make informed choices and avoid unnecessary expenses. The future of dentistry may involve the continued growth of corporate dentistry and the need for dentists to break free from unnecessary expenses and control by corporations. Build a brand that stands for something and implement systems to power that brand. Stay up-to-date with advancements in design and technology in dental offices. Ask smarter questions and be aware of the potential for extraordinary success in dentistry. Create a positive patient experience by eliminating noise and focusing on productivity. Focus on relationships while also implementing systems that enhance the patient experience. CHAPTERS 00:00 - Long-standing Friendships and Memorable Experiences in Dentistry 04:02 - The Size and Control of the Dental Industry 08:07 - Financial Challenges Faced by Dentists 11:44 - The Importance of Data-Driven Decision-Making 29:35 - Asking Smarter Questions and Achieving Extraordinary Success 34:41 - Creating a Positive Patient Experience 38:57 - Balancing Relationships and Systems REFERENCES Bulletproof Summit 2024
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    1 h y 4 m
  • Craig: Should I Buy This Practice?
    May 22 2024
    The Bulletproof Dental Podcast Episode 350 HOSTS: Dr. Peter Boulden & Dr. Craig Spodak DESCRIPTION Deciding on Practice Ownership: Risk or Reward? Join Dr. Peter Boulden and Dr. Craig Spodak as they tackle a critical decision: buying a dental practice. With a net profit of $188,000 and a 40% associate earnings, is it a smart move? Explore the nuances of practice ownership, from analyzing historical data to navigating projections. Dive into the risks, rewards, and personal impacts of this pivotal choice. Plus, gain invaluable insights on financial literacy, learning from mistakes, and the future of dentistry. Don't miss this enlightening discussion! TAKEAWAYS Buying a dental practice should be carefully considered, weighing the risks and rewards. Analyzing historical data is crucial in evaluating the true value and potential of a practice. Relying solely on projections can be misleading and may not reflect the actual performance of the practice. Consider the key man risk and the impact on personal cash flow and lifestyle before making a decision. Owning a practice may not be the best option for everyone, and alternative investments should be explored. Learning from mistakes is crucial for personal and professional growth. Dental schools should provide more education on business and entrepreneurship. AI can be used as a tool for financial analysis and contract review in dentistry. Investing in real estate can be a game-changer for dentists. Financial literacy is essential for long-term success in the dental profession. CHAPTERS 00:00 - The Temptation of Practice Ownership 02:02 - Analyzing Historical Data vs. Projections 07:56 - The Downside Risk of Buying a Practice 18:14 - Lack of Business Education in Dental Schools 19:13 - AI in Dentistry 20:09 - Investing in Real Estate 23:23 - The Changing Landscape of AI 25:37 - The Importance of Financial Literacy 28:10 - The Potential of Real Estate Investment 29:27 - Sharing Personal Stories 30:49 - The Value of Dental Summits 31:27 - The Power of Execution REFERENCES Bulletproof Summit Bulletproof Dental Practice
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    34 m

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