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Bulletproof Dental Practice

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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Now displaying: Page 1
Apr 17, 2024

The Bulletproof Dental Podcast Episode 344

HOSTS: Dr. Peter Boulden 
GUESTS: Dr. Trey Tippit and Dr. Dwight Peccora
 
Join us as we break down the well know Harvard Business Review: "Who's got the Monkey" and apply it to the world of delegation, boundaries, and time management in the dental practice. We explore the concept of 'monkeys' - those pesky tasks or problems we delegate to others - and provide invaluable insights on effective delegation strategies and problem-solving techniques. From setting clear expectations to fostering open communication, we'll uncover the keys to preventing monkeys from taking over your work life. Get ready to empower yourself and your team to tackle challenges head-on while maintaining a healthy work-life balance.
 
TAKEAWAYS
  • Delegation is essential for effective management and growth in any organization.
  • Setting boundaries and managing expectations are crucial for preventing tasks and problems from becoming overwhelming.
  • Clear communication and time management are key to successful delegation.
  •  Taking ownership of one's responsibilities and empowering others to take ownership of theirs leads to a more efficient and productive workplace. Set a structured time to address problems and have conversations with the team.
  • Avoid discussing important matters over email or text messages.
  • Assign a specific time and level of responsibility for each task or problem.
  • Leaders should empower their team and encourage independent thinking.
  • Maintaining a healthy work-life balance is crucial for personal and professional growth.
  • Building and selling small dental practices can be a successful business model. There are different approaches to scaling dental practices, with some dentists opting for a decentralized network and others choosing centralization and consolidation.
  • Outsourcing certain aspects of dental practice operations, such as revenue cycle management, can help streamline processes and improve efficiency.
  • The future of AI in dentistry holds promise, but the technology is still evolving and its full potential has yet to be realized.
  • The dental industry may experience a Renaissance in the coming years, with increased investment and consolidation.
  • Collaboration and learning from others in the industry, even those with different approaches, can lead to valuable insights and growth opportunities.
 
 
CHAPTERS
00:00 - Introduction and Nostalgia
01:31 - Fitness and the Importance of Taking Care of Your Body
06:17 - The Story of 'Whose Monkey Is It?'
09:10 - The Rules of Managing Monkeys
16:25 - Limiting Time and Setting Boundaries
24:01 - Structured Time and Problem-Solving
28:30 - Effective Communication: Face-to-Face vs. Email
30:11 - Assigning Time and Responsibility for Tasks
32:38 - Empowering the Team and Encouraging Independent Thinking
34:22 - Maintaining a Healthy Work-Life Balance
41:11 - Building and Selling Small Dental Practices
47:58 - Introduction and Different Approaches to Scaling Dental Practices
48:30 - The Role of Outsourcing in Dental Practice Operations
52:02 - The Potential for a Dental Industry Renaissance
01:06:23 - Collaboration and Learning from Diverse Perspectives in Dentistry
 
REFERENCES
Bulletproof Summit 2024
Dental Students use code: BPSTUDENT for your discount!
Apr 10, 2024

The Bulletproof Dental Podcast Episode 343

HOSTS: Dr. Peter Boulden and Dr. Craig Spodak
 
TAKEAWAYS
  • Comprehensive diagnosis is essential, but effective delivery of treatment plans is equally important.
  • Recording consultations can help dentists improve their presentation skills.
  • Fear of rejection and discomfort can hinder effective enrollment.
  • Empathy and understanding the patient's perspective are crucial in the enrollment process.
  • Body language and context play a significant role in treatment presentations. Use patient-benefited language and avoid technical jargon to effectively communicate with patients.
  • Record frequently asked questions and provide videos or resources to patients prior to consultations.
  • The belief set and confidence of the doctor are important factors in patient acceptance.
  • Storytelling and leadership can engage patients and build trust.
  • Avoid talking to patients in a supine position and consider using consultation rooms for treatment presentations.
  • Establish a smooth patient handoff process to ensure continuity of care.
 
CHAPTERS
00:00 - Introduction and Reflection on the Podcast
02:04 - Updates and Speaking Engagements 
03:01 - Enrolling More Dentistry and Student Discount
04:06 - Personal Experience with Lecture at Dental School
07:42 - Dental Summit and Booking Hotel Rooms
09:04 - Importance of Enrolling Dentistry
12:00 - Saying More vs. Comprehensive Diagnosis
13:20 - Recording Consultations for Self-Improvement
18:08 - Fear of Rejection and Sweaty Back Conversations
21:44 - Importance of Body Language and Empathy
25:09 - Context Matters in Treatment Presentation
27:14 - Patient-Benefited Language
29:39 - Recording Frequently Asked Questions
30:00 - The Belief Set and the Confidence of the Doctor
32:41 - Storytelling and Leadership
39:45 - Consultation Rooms vs. Treatment Rooms
45:29 - Patient Handoff Process
 
REFERENCES
Dental Students use code: BPSTUDENT for your discount!
Apr 3, 2024

The Bulletproof Dental Podcast Episode 342

GUESTS:  Dr. Trey Tippit and Dr. Dwight Peccora
 
TAKEAWAYS
  • Understanding the differences between acquisitions and startups is crucial in making informed decisions.
  • Financial factors such as revenue, debt-to-revenue ratio, and cash flow play a significant role in acquisitions.
  • Operational efficiencies and utilization rates are key metrics to consider in underperforming practices.
  • Determining the purchase price based on body count can help in evaluating the value of an acquisition. Body count, or the active patient count, is an important metric to consider when evaluating an acquisition.
  • Different metrics, such as average production per patient visit, can provide insights into the efficiency of a practice.
  • Addressing attrition and periodontal disease is crucial in maintaining patient retention and improving overall oral health.
  • Using effective verbiage and communication techniques can help navigate uncomfortable conversations with patients and team members.
  • A letter of intent (LOI) is a non-binding agreement that outlines the terms and conditions of an acquisition, and it is important to clearly communicate expectations and components in the LOI. Negotiating the deal involves discussing important components such as non-compete clauses.
  • Due diligence is crucial and should include reviewing financial data, evaluating equipment and IT systems, and assessing the team and culture of the practice.
  • Using memorandums of understanding (MOUs) and letters of intent (LOIs) can help facilitate the acquisition process.
  • Phasing in changes after the acquisition can help build trust and retain the team.
  • Learning from mistakes and continuously improving the acquisition process is essential.
 
CHAPTERS
00:00 - Introduction and Overview
00:58 - The Importance of Understanding Acquisitions
08:08 - Factors to Consider in Acquisitions
11:50 - Identifying Acquisitions
14:46 - Analyzing Financials in Acquisitions
23:31 - Utilization Rate as a Key Metric
28:35 - Determining Purchase Price Based on Body Count
31:14 - Different Metrics for Evaluating Efficiency
34:13 - Evaluating the Value of a Practice
36:08 - The Impact of Attrition in Acquisitions
45:33 - The Importance of Verbiage in Uncomfortable Conversations
51:29 - The Significance of a Letter of Intent (LOI)
57:34 - Negotiating the Deal
58:33 - Important Components to Include
01:02:07 - Using MOUs and LOIs
01:03:12 - Due Diligence Overview
01:05:18 - Day One Priorities
01:06:19 - Phasing in Changes
01:12:20 - Continuing the Discussion
01:19:09 - The Learning Process
 
 
REFERENCES
Mar 27, 2024

The Bulletproof Dental Podcast Episode 341

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak
GUESTS:   Dr. Trey Tippit and Dr. Dwight Peccora
 
TAKEAWAYS

AI has the potential to revolutionize dentistry by analyzing documents and providing financial insights.

Dentists can benefit from AI tools like chat GPT and copilot for financial management and analysis.

Business education is crucial for dentists to succeed in managing their practices and making informed financial decisions.

The transition from clinical dentistry to business ownership requires a shift in mindset and the acquisition of business skills.

Minimizing student loans and financial planning are essential for dentists to achieve financial freedom and career opportunities. Debt can be a useful tool for dentists, but it requires a strategic mindset and the ability to manage it effectively.

Board complaints are a common occurrence in dentistry and should not be seen as a reflection of a dentist's skills or abilities.

Malpractice insurance provides support and protection for dentists in the event of a board complaint or legal issue.

Dentistry is a numbers game, and mistakes and failures are inevitable. It is important to learn from these experiences and continue to grow.

Effective communication and collaboration are essential skills for dentists to succeed in their profession.

Leadership training is crucial for dentists to effectively manage their teams and create a positive work environment.

Dentists should be open to exploring different career paths and options within the field of dentistry.

Appreciating and celebrating the achievements of your team members can help foster a positive work culture and improve team morale.

 
CHAPTERS
 00:00 - Introduction and AI in Dentistry
 03:17 - The Need for Accessible Legal and Financial Advice
 05:33 - The Five Things They Should Have Taught You in Dental School
 07:15 - The Transition from Clinical Dentistry to Business Ownership
 12:09 - Minimizing Student Loans and Financial Planning
 18:03 - The Importance of Financial Management in Dentistry
 19:47 - The Importance of Occlusion and Dentures
 20:32 - Minimizing Student Loans and Financial Planning
 26:01 - Different Perspectives on Debt and Financial Management
 30:57 - The Mindset of Dentists
 32:24 - Understanding Board Complaints and the Role of Malpractice Insurance
 35:17 - The Numbers Game of Dentistry
 37:25 - The Importance of Communication and Collaboration
 40:06 - Leadership Skills in Dentistry
 42:02 - Dealing with Failure and Mistakes
 46:20 - Exploring Different Career Paths
 52:26 - Appreciating and Celebrating Your Team
 
 
REFERENCES
Bulletproof Summit
Bulletproof Dental Practice
Mar 20, 2024

The Bulletproof Dental Podcast Episode 340

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak
GUESTS:  Randy Smith
 
TAKEAWAYS
Quality sponsors are crucial in real estate investments to ensure success and minimize capital loss.
Investing in real estate should be a long-term strategy focused on steady cash flow and high-quality deals.
Diversification is important in real estate investing to spread risk and maximize returns.
Tax advantages, such as depreciation, make real estate investing an attractive option for wealth accumulation.
Supporting charities, such as Warrior Sailing, can provide a sense of fulfillment and make a positive impact.
 
Chapters
00:00 - Introduction and Favorite Places
00:30 - Different Types of Real Estate Investment
05:42 - The Challenges of Direct Ownership
08:20 - Why Real Estate is a Wealth-Building Asset
09:16 - Different Types of Real Estate Investments
21:47 - The Importance of Diversification
23:34 - The Risks and Rewards of Real Estate Investing
27:48 - Educational Resources
36:36 - The Importance of Proper Pricing
40:19 - The Role of Sponsors in Real Estate Deals
44:19 - The Value of Dividend Stocks
46:41 - The Importance of Quality Tenants
49:21 - The Value of Real Estate Reproduction
56:31 - Tax Advantages of Real Estate Investing
59:56 - Real Estate Investment Education
01:09:17 - Opportunity to Invest in Future Deals
01:14:31 - Supporting Charity: Warrior Sailing
 
REFERENCES
Bulletproof Real Estate
Warrior Sailing
Bulletproof Summit
Bulletproof Dental Practice
Mar 13, 2024

 The Bulletproof Dental Podcast Episode 339

GUEST: Brian Colao
 
TAKEAWAYS
  • The dental industry is experiencing a shift towards same store growth as M&A activity becomes more constrained.
  • Understanding your EBITDA is crucial for practice growth and valuation.
  • Culture plays a significant role in practice value and patient satisfaction.
  • Innovation, technology, and AI are driving same store growth and improving patient care.
  • Joining a DSO can provide dentists with more opportunities for career advancement and financial stability. Working for a DSO can provide greater job security and protection against unpaid wages compared to private dental offices.
  • DSOs have better quality control measures in place, ensuring a higher standard of care for patients.
  • The dental profession is expected to become more consolidated, with DSOs accounting for a larger percentage of practices.
  • As consolidation increases, valuations are likely to rise due to decreased supply and increased demand.
  • The consolidation of the dental profession may pose an existential threat to insurance companies.
  • Market conditions, including interest rates and political factors, can impact deal flow in the dental industry.
  • Building a business that you don't want to sell can be a viable alternative to selling, but it's important to choose the right growth partner.
  • The DYKEMA Summit is an annual event that brings together dental professionals to discuss industry trends and best practices.
 
Chapters
00:00 - Introduction and Setting the Stage
01:19 - The Pulse of the Dental Industry
04:13 - The Importance of Knowing Your EBITDA
07:56 - The Changing Landscape of Dental M&A
12:43 - The Importance of Culture in Dental Practices
18:46 - The Transition to Same Store Sales Growth
23:05 - The Impact of Technology and AI in Dentistry
31:28 - The Advantages of Joining a DSO
34:43 - Benefits of Working for a DSO
35:49 - Quality Control in DSOs
37:03 - Consolidation of the Dental Profession
39:35 - Potential Threat to Insurance Companies
44:40 - Building a Business to Keep or Sell
49:43 - DYKEMA Summit
 
 
 
REFERENCES
Mar 6, 2024
The Bulletproof Dental Podcast Episode 338

HOSTS:
Dr. Peter Boulden & Dr. Craig Spodak
GUESTS:  Ophir Tanz
 
TAKEAWAYS
Ophir’s introduction and background
Applying powerful technology to industry
Identify early to treat accurately
Quality care beings with accurate diagnosis
AI can help dentists accurately diagnose conditions such as caries and periodontal lesions.
AI tools can enhance patient communication by providing visual aids and animations.
The future of dentistry will likely involve the integration of AI into routine dental practice.
 
CHAPTERS
00:00 - Introduction and Background
02:04 - The start of Pearl AI
06:25 - The need for AI in dentistry and the impact of AI in diagnosis and treatment acceptance
08:13 - Using AI to improve patient communication
09:33 - The importance of accurate diagnosis
19:11 - The future of dentistry and AI
25:11 - The Importance of Addressing Tooth Wear
28:00 - The role, future, and impact of AI in Dentistry
37:19 - The Role of AI in quality assurance
38:15 - closing remarks
 
 
REFERENCES
Bulletproof Summit
Bulletproof Dental Practice
Feb 28, 2024
The Bulletproof Dental Podcast Episode 337
 
HOSTS: Dr. Peter Boulden & Dr. Craig Spodak
GUESTS: Trey Tippit and Dwight Peccora
 
TAKEAWAYS

Exploring innovative ideas can lead to improvements in dental practice.

Dentistry as a service can enhance the patient experience and create a stronger connection with the practice.

Self-service dental offices can provide convenience and efficiency for patients.

Personalized video outreach can help retain patients and improve communication.

Addressing the issue of consolidation in the dental industry can benefit dentists and promote independent practices. Incentivizing the dental team for results can help maintain growth and motivate employees.

Utilizing a real-time incentive and bonus structure app can provide employees with up-to-date information on their performance and encourage them to achieve their goals.

Implementing a dashboard for real-time tracking can help dental practices monitor key performance indicators and make data-driven decisions.

Gamifying performance and tracking can create a sense of competition and motivation among team members.

Auditing systems and focusing on scalability can help dental practices build a strong foundation for growth.

Integrating AI technology into dental practices can streamline processes and improve efficiency.

Collaborating with influencers can be an effective marketing strategy for dental practices.

Preparing for the future of AI in dentistry involves staying updated on technological advancements and adapting to new tools and systems.

The emergence of mid-level dental providers can offer opportunities for expanded services and improved patient care.

Building relationships with physicians and increasing referrals can help dental practices attract new patients.

Creating a custom Tooth Fairy kit can be a unique and memorable gift for children losing their baby teeth.

Chapters
00:00 - Introduction
02:07 - Crazy Ideas for Dental Practice Innovation
03:18 - Dwight's Idea: Dentistry as a Service
05:28 - Trey's Idea: Self-Service Dental Office
08:18 - Peter's Idea: Personalized Video Outreach
19:35 - Craig's Idea: Fixing the Issue of Consolidation
30:14 - Incentivization of the team for results
34:19 - Gamifying performance and tracking
38:28 - AI integration and automation
40:21 - Utilizing influencers for marketing
45:21 - Preparing for the future of AI in dentistry
47:26 - The emergence of mid-level dental providers
53:00 - Increasing referrals from physicians
57:47 - Creating a custom Tooth Fairy kit
 
 
 
REFERENCES
Bulletproof Summit
Bulletproof Dental Practice
Feb 21, 2024
The Bulletproof Podcast Episode 336
 
HOSTS: Dr. Peter Boulden & Dr. Craig Spodak
GUEST: Dr. Trey Tippit
 
TAKEAWAYS

Building trust within a dental team is crucial for effective communication and collaboration.

Addressing conflicts directly and openly can lead to better understanding and resolution.

Commitment to the practice's goals and values is essential for team members to work together effectively.

Creating a culture of accountability helps ensure that everyone takes responsibility for their actions and tasks. Decentralization and accountability are essential as a practice scales.

Inattention to results can lead to stagnation and failure to grow.

Motivating the team and creating alignment are crucial for success.

Working on the business and involving the team are key aspects of effective leadership.

Chapters
00:00 - Introduction and Mastermind Retreat
05:57 - Common Themes in Dental Practices
08:21 - Absence of Trust
15:48 - Fear of Conflict
20:29 - Lack of Commitment
26:54 - Avoidance of Accountability
35:00 - The Bystander Effect and Decentralization
38:07 - Motivating the Team
39:38 - Creating Alignment and Accountability
43:11 - The Power of a High-Performing Team
44:24 - Announcement: Bulletproof Summit
 
 
REFERENCES
Bulletproof Summit
Bulletproof Dental Practice
Feb 14, 2024

The Bulletproof Dental Podcast Episode 335

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak
 
GUESTS:  Leo and Zach
 
TAKEAWAYS
  • Dentists should have a basic understanding of SEO to avoid being taken advantage of by outside vendors.
  • User experience is a crucial factor in SEO, and dentists should focus on providing a seamless and valuable experience for their website visitors.
  • AI is becoming increasingly important in SEO, but it should be used as a tool for curation rather than a replacement for human input.
  • Dentists should be cautious of plagiarized content and strive to create original and valuable content for their websites. User experience and authority are crucial for generating valuable content.
  • Strategic marketing, which considers the synergy between different elements, is more effective than tactical marketing.
  • The four metrics to measure marketing success are: more eyes on the content, click-through rate, conversion rate, and sales.
  • Mastering topical relevance is essential for improving search engine rankings and attracting the right audience.
  • Simplifying the decision-making process and utilizing tools like Google Analytics and Search Console can lead to better marketing outcomes.
  • SEO plays a significant role in the success of a dental practice.
  • Empowering oneself with knowledge about SEO and digital marketing can lead to better decision-making and results.
 
CHAPTERS
00:00 - Introduction to SEO and its Importance
 
19:16 - User Experience as a Secret Weapon for SEO
 
25:45 - AI as a Key to Unlocking Search Engine Results
 
34:17 - Strategic Marketing vs Tactical Marketing
 
36:13 - The Four Metrics to Measure Marketing Success
 
37:12 - Mastering Topical Relevance
 
46:08 - The Importance of Google Analytics and Search Console
 
48:14 - The Impact of SEO on Business Success
 
49:09 - Empowering Yourself with Knowledge
 
REFERENCES
Dental SEO Boost
 
Bulletproof Summit
 
Bulletproof Dental Practice

 

Feb 7, 2024
The Bulletproof Dental Practice Podcast Episode 334
 
HOSTS: Dr. Peter Boulden & Dr. Craig Spodak
 
 
TAKEAWAYS
The dental industry is facing challenges such as a wage gap between dentists and hygienists, a changing market outlook, and the need to adapt to new technologies and consumer preferences.
 
Convenience, technology, and marketing play a crucial role in the success of dental practices, and the use of AI and automation can provide a competitive advantage.
 
The future of dentistry may involve a shift towards a hybrid model of acquisitions and de novos, with an emphasis on adding organizational value and creating a differentiated brand.
 
Partnerships can be beneficial if the right partner is chosen, but it is important to carefully consider the terms and goals of the partnership.
 
Job opportunities in dentistry exist, and dentists should consider their own goals and values when deciding on their career path.
 
 
 
REFERENCES
Bulletproof Summit
Bulletproof Dental Practice
Jan 31, 2024
 
The Bulletproof Dental Practice Podcast Episode 333

HOSTS:
Dr. Peter Boulden & Dr. Craig Spodak
 
 
TAKEAWAYS
  • Recognize the difference between real goals and mere wishes by observing changes in physiology.
  • Set specific and challenging goals to engage the brain's dopamine circuitry.
  • Write down goals in your handwriting to activate ancestral neural pathways.
  • Keep goals to yourself to avoid premature dopamine release and maintain motivation.
  • Visualize both success and failure to increase the likelihood of goal achievement.
  • Take advantage of peak motivation times, which occur 30 minutes, three hours, and 11 hours after waking.
  • Set moderately challenging goals and break them into 12-week tranches for increased motivation and progress.
  • Overcome procrastination by committing to five minutes of focused work on a task.
 
 
 
REFERENCES
Bulletproof Summit
 
Bulletproof Dental Practice
 
 
Jan 17, 2024
The Bulletproof Dental Podcast Episode 332
 
HOSTS: Dr. Craig Spodak
GUEST: Dr. Linda Edgar
 
KEY TAKEAWAYS
Introduction
Dr. Edgar’s journey to becoming the ADA President
The role of the ADA
ADA is focusing on improving connections, collaboration, and communication
Forsyth Institute Merger
What the ADA does for you including product testing, research, and insurance legislation
MLR Legislation and the Non-Covered Services Bill
Is there insurance and/or DSO influence on the ADA?
The rising cost of attending Dental School
Repayment loan programs
Ambassador Program
DSO Improvements
Emphasis on wellness
Webinars on-demand
ADA’s response to COVID
Craig’s feedback
 
 
REFERENCES
American Dental Association
Dr. Linda Edgar
Bulletproof Mastermind 
Bulletproof Summit 
Mighty Networks: Bulletproof Dental Practice
 
 
TWEETABLES
 
Jan 10, 2024

The Bulletproof Dental Practice Podcast Episode 331

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak

GUESTS: Dr. Trey TippitDr. Dwight Peccora

 

TAKEAWAYS

Introduction

Bulletproof Summit is launched

The learning and implementation of new skills

Methods of deployment within each office

Delegating from a position of knowledge

Do you want to be important or do you want to be successful

Strategy versus Operations

Letting go of control creates opportunity for others

Centralization of services

Financial gains to splitting up your company

Is a management company right for you?


REFERENCES

Bulletproof Summit 2024

Bulletproof Mastermind 

Mighty Networks: Bulletproof Dental Practice

 

TWEETABLES

Don't compare your chapter one with someone else's chapter 10 - Dr. Craig

If you treat people as they currently are, you make them worse. If you treat people as they could be, you help them to become what they are capable of becoming - Dr. Craig

Jan 3, 2024

The Bulletproof Dental Podcast Episode 330

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak

GUESTS: Dr. Trey TippitDr. Dwight Peccora

 

KEY TAKEAWAYS

Introduction

Dr. Craig the Dental Whisperer

Do your research before hiring a marketing company

Ebbs and flows within the business cycle

Pre-appointment rate versus Re-appointment rate

Production Per Visit

Utilization Rate

Treatment acceptance percentage

Net Growth

KPI Tracking

Data-driven versus emotional decision-making

Treatment coordinators and the great debate

Automation within your practice

Dental Practice Manager Software

 

REFERENCES

Outlive: The Science & Art of Longevity by Peter Attia

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

 

TWEETABLES

When you arm yourself with a little bit of know-how, it lets you not be so vulnerable - Dr. Boulden

 

Dec 27, 2023

Bulletproof Dental Podcast Episode 329

HOST: Dr. Sully Sullivan
GUEST: Dr. Craig Spodak

TAKEAWAYS

The mental and emotional cost of growth to your team

Be an observer of your character to build leadership ability

The distinction between owning a practice and owning a business

Having intentionality and clarity

The importance of friends that will challenge you

Freedom and economics to create via dentistry

 

REFERENCES

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

 

Dec 20, 2023

Bulletproof Dental Podcast Episode 328

HOST: Dr. Craig Spodak

GUESTS: Dr. Trey Tippit & Dr. Dwight Peccora

KEY TAKEAWAYS

Introduction

Working in the practice versus on the practice

Profit is not a dirty word

The concept of leverage and creating leverage through revenue

Entrepreneurial profit

Coaching, developing, and being accountable for your team’s success

Delegation and empowering others

Leveraging through other people

Entrepreneurial profit, assets, and wealth

Formula One concept

Being driven by excellence as a dentist

Checking in with your team

As a leader, everything you say is amplified to your team

Everyone is allowed to make mistakes as long as you clean up the mess



REFERENCES

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Dec 13, 2023

Bulletproof Dental Practice Episode 327

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak

GUEST: Chandler Wrightenberry

KEY TAKEAWAYS

Introduction

Macroclimate

Lending Capacity

Interest rates

What is the bank's appetite for dental versus other categories of loans?

Regional bank loan

Traditional financing

Whatever your rate is, it is tax deductible. 

Interest Payments

Non-Cash assets

Rising interest rates affect the valuations of everything

Live Oak Bank



REFERENCES

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Dec 6, 2023

Bulletproof Dental Podcast Episode 326

Hosts: Dr. Craig Spodak & Dr. Trey Tippit 

Guests: Dr. Simone Ellis 

 

KEY TAKEAWAYS

Introduction

Dr. Simone and Dr. Trey 

Dental Economics

Automobile University by Zig Ziglar

Dr. Simone’s story

Celebration is everything

Personal accountability

Have it your way, three currencies in life

The Flex is freedom

Work-life balance and cultivating peace

 

REFERENCES

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Dr. Simone Ellis

 

TWEETABLES

As an entrepreneur, you don't know what you don't know until you don't know it -Dr. Simone

 

Nov 30, 2023

Bulletproof Dental Practice Episode 325

HOSTS: Dr. Peter Boulden & Dr. Craig Spodak

GUEST: Dr. Trey Tippit

KEY TAKEAWAYS

Introduction

Arthur Brooks

Building the Stage

Systems and processes

Bulletproof Gospel

EBITDA

Mitchell Baldridge

Individualism is what matters

Five things that you have to do to work on your business

The Bulletproof Pathway

Dentists as CEO's

Personality differences

Dental business owners have very different lives


REFERENCES

Dental Cost Seg

Bulletproof Mastermind

Bulletproof Summit

Mighty Networks: Bulletproof Dental Practice

 

TWEETABLES

Success is building what you want and then liking what you built - Dr. Craig

Nov 28, 2023

Bulletproof Dental Practice Podcast #324 

Repost from our sister Pod, Bulletproof Hygiene!

Host: Charissa Wood, RDH
Guest: Dr. Katie Lee

KEY TAKEAWAYS

Introduction

Dr. Lee's experience with Surguries

Oral Systemic Aspect

How do we prevent periodontal disease

Heart attacks and strokes are caused by oral infection

Pain points in bringing this level of care to fruition

What did implementation look like?

Understanding the science is the most crucial part

Wins by practicing at this level

Wins from team culture

What is the MMP8 enzyme?

Patient Stories

Genetic predisposition for inflammation

REFERENCES

Bulletproof Mastermind

Bulletproof Summit

Bulletproof Hygiene

Mouth Body Bio Marker

Katie Lee, DDS

Katie Lee, DDS Instagram

Book: Saved By the Mouth

Nov 22, 2023

Bulletproof Dental Practice Episode Number 323

HOSTS: Dr. Peter Boulden and Dr. Craig Spodak

GUEST: Mitchell Baldridge

KEY TAKEAWAYS

  • Introduction

  • Cost Segregation applies to dentists

  • Tax Advantage for Dentists

  • Investing with excess cash flow

  • Cost Segregation Study in its simplest form

  • The end goal is to push forward your tax deduction

  • Leasehold improvements

  • Cost segregation and bonus depreciation

  • Specialization is key with a niche service such as dentistry

 

REFERENCES

Dental Cost Seg

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

 

TWEETABLES

You’ve got to do your own due diligence - Dr. Craig Spodak

 

Nov 15, 2023

Bulletproof Dental Practice Episode 322

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guests: Dr. Trey Tippit & Dr. Dwight Peccora

 

KEY TAKEAWAYS

  • Introduction
  • Trey's Basic Dentistry Model
  • Scalability of simple versus complex dentistry
  • Entertainment and Information disconnect
  • Google Trends
  • Contingency plans
  • Internal marketing at the foundational level
  • Revisiting the patient experience
  • Business reviews
  • The psychology of what matters to people
  • People need human interaction
  • Authentic team energy
  • There is no better audit than a checklist

 

REFERENCES

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Nov 9, 2023

The Bulletproof Dental Practice Podcast Episode 321

HOSTS: Dr. Craig Spodak and Dr. Trey Tippit

GUEST: Dr. Uche Odiatu

KEY TAKEAWAYS

  • Health, wellness, and nutrition
  • Accessible versus Comprehensive Dentistry
  • Body positivity
  • Pre and post covid health
  • Standard of American Healthcare and American Diet
  • 3 Modes of exercise
  • Serotonin
  • Burning Calories
  • Cholesterol
  • Cortisol

REFERENCES

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Dr. Uche Odiatu

 

Nov 2, 2023

Bulletproof Dental Practice Podcast Episode #320

HOSTS Dr. Peter Boulden and Dr. Craig Spodak

GUEST: Mitchell Baldridge

KEY TAKEAWAYS:

  • Introduction
  • Twitter (X)
  • Accounting Firm / Dental CPA
  • Taxes
  • Business Advice
  • Business Plan
  • Mitchell's Tweets
  • 10 Tax hack for Business owners
  • QBI optimization
  • Donor advice funds 
  • S - Corps
  • Bonus Depreciation
  • Mega backdoor ROTH
  • Give Yourself Tax Credit
  • Fringe Benefits
  • The Augusta Rule
  • PTET - Salt Cap Workarounds
  • Real Planning and Good Advice
  • ERISA, the Employment Retirement Income Security Act of 1974
  • Real Estate
  • Opportunity Zones or RV Parks and different

REFERENCES:

Dental Cost Seg

Mitchell on Twitter/X

Bulletproof Mastermind 

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

 

 

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