Bulletproof Dental Practice Podcast Episode 15
Host: Dr. Peter Boulden / Atlanta Dental Spa
Guest: Garrett Gunderson / Wealth Factory
Key Takeaways:
- Big Mistake: putting money too early into investments for retirement and not having enough liquidity for your business.
- Grow your business first by investing in it. Invest in what you know.
- Diversification for a dentist is bad. Learn to be comfortable with having a lot of cash.
- 5 Part Formula that will give you financial independence in 5 - 7 years
- Be more efficient with your money by keeping more of what you make.
- Strategically engineer wealth to eliminate diversification.
- Accelerate investment by finding ways to make them produce cash.
- Scale your business revenue.
- Treat yourself as your greatest asset.
- Hire a good accountant in order to learn how to pay less in taxes.
- How to save on taxes:
- Be proactive with your team and communicate with them.
- Find all the related expenses to your business and write them off for tax deductions.
- Reclassify your income.
- Focus on abundance, than scarcity. Abundance creates value while scarcity destroys wealth.
- Investments are in relationships, in knowledge and in our own capacity to create value and make money not just money making money.
- Having a money problem is a symptom of not having the right ideas or the right network of people.
- Financially stay humble by cutting back, being more efficient or expanding your means.
- Invest in a great team that share the same philosophy.
- "Pay yourself first" is the fundamental financial foundation.
- Invest in becoming a better investor.
- To download your FREE copy of “What Would the Rockefellers Do,” Text WWRD to 801-396-7211
Tweetables:
“The real road to wealth is to own a business.” – Garrett Gunderson
“Invest in what you know.” – Garrett Gunderson
“Automatically save and deliberately invest.” – Garrett Gunderson
‘Abundance is about exchange; human innovation.” – Garrett Gunderson
“Scarcity will say ‘I can't afford it.’ Abundance says ‘How can I afford it?’” – Garrett Gunderson
Resources Mentioned:
Books:
What Would the Rockefellers Do? by Garrett Gunderson
Killing Sacred Cows by Garrett Gunderson
The War of Art by Steven Pressfield
Productivity App:
Bulletproof Dental Practice Podcast Episode 14
Host: Dr. Peter Boulden / Atlanta Dental Spa
Guest: Charissa Wood / Atlanta Dental Spa
Key Takeaways:
- Create an appointment flow that will ensure consistency
- Consistency is one of the biggest reasons for her success
- Give customized care to every patient
- Find the balance between consistency and tailored care
- Educate patients about the process and the value you offer
- Be aware of your patient's situation and empathize where they are
- Be open to change - either new technology or new processes
- Assess your hygiene department and be willing to make changes if you're not happy with its production
- Fuel the fire by exposing your hygienist to further learning
- Create a plan together with your hygienist and be collaborative
- Hygiene can be a standalone income source and not just a "loss leader" / necessity
- In every hygiene step you do, help the patient understand where they are so they can make the best decisions for themselves
Tweetables:
"We're not there to fix teeth. We're there to help people." - Charissa Wood
Bulletproof Dental Practice Podcast Episode 13
Host: Dr. Peter Boulden
Key Takeaways:
- We have to be very strategic with our goals and reverse-engineer them.
- Writing down your goals is exponentially more effective than not.
- Strategically measuring your goals is reverse engineering your written goals.
- Reviewing your goals on a daily basis ensures a higher chance of achieving them.
- Qualifying your goals with a "why" purpose makes them more attainable.
- Get in the habit each morning of doing the 5-minute miracle:
- Write 3 things you are grateful for. Gratitude is super powerful in your life.
- Spend a few minutes sitting in a quiet place and focusing on your breathing.
- Visualize your agenda for the day in your head including what you feel.
- Review your goals.
- Tip: Fill out a personal balance sheet.
Tweetables:
"Gratitude has been proven over and over to be super powerful in your life because anxiety, scarcity and fear cannot exist in its presence." - Dr. Peter Boulden
Resources Mentioned:
The Miracle Morning by Hal Elrod
Bulletproof Dental Practice Podcast Episode 11
Host: Dr. Peter Boulden
Guest: Dr. Steven Rasner
Key Takeaways:
- If you're young, you should invest first in yourself by mastering a specialty.
- Meet with the top people in your top department regularly and discuss your company's challenges and strategies.
- Create something that will inspire people to come to you
- Build relationships with your patients
- Get your oral sedation certificate in your local state
- Two skills to learn: (1) atraumatic extractions and (2) implant dentistry
- Create an atmosphere where dentistry becomes easy
- Do a 5-point exam than a comprehensive exam
- Offer dental x-ray for free if you can to be able to get them to agree to a complete exam
- Give people a chance to see how it is to have complete dental treatment
- Increase acceptance by requesting the significant other to be at the first visit
- Speak honestly and sincerely to patients
- Create scripts that work and memorize them
- Treat all patients equally and with respect
- Don't beat yourself up as a dentist and work in as many places as you can to gain experience
Resources Mentioned
Book: Success Principles by Jack Canfield
Tweetables:
"Be good doctors and be right with people. Treat your patients with respect." - Dr. Steve Rasner
"Every successful person in the world has mentors." - Dr. Steve Rasner