Bulletproof Dental Practice Podcast Episode 46

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guest: Dr. David Phelps, founder of Freedom Founders and host of Dentist Freedom Blueprint Podcast

Watch the full video of the interview by clicking here!

Key Takeaways:

• Building freedom into your business can take many forms.
• Learn skill sets that are transferable.
• Becoming the orchestrator of your business is key.
• Be careful about picking another lane to diversify. First, pick the right people and form strategic alliances. It’s much easier to diversify and become an expert if you have the right support systems.
• The best return on an investment will always come from optimizing a business.
• Diversifying into real estate is a common avenue for dentists looking to expand their portfolio.
• The most profitable seat at the closing table is the lender’s seat.

Tweetables

The “who” is more important than the “what.” – Dr. David Phelps

There’s a difference between investing and speculating – Dr. David Phelps

Bulletproof Dental Practice Podcast Episode 45

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guest: Dr. Bill Williams, founder of Suwanee Dental Care and author of The $10,000 A Day Dentist

Watch the full video of the interview by clicking here!

Key Takeaways:

• Bill William’s book “The $10,000 A Day Dentist” details 50 ways he has identified to create a highly successful dental practice.
• Dentistry can be broken down into 5 areas: Mindset, Team, Facility, Marketing, and Capacity.
• Mindset is the beliefs you have and paradigms you operate under. Significant growth can’t happen without the right mindset.
• Team – it’s important to surround yourself with team members who support your goals and offset your strengths and weaknesses.
• A lot of dental offices are understaffed. Not having enough staff can be a big impediment to growth.
• The average revenue per employee across all industries is $200,000 per employee.
• To get good associates you generally need to enlist a headhunter. To keep them you have to educate them, pay salary plus bonus, and offer benefits that have value for your team. You also need to be sure they’re tied to your practice’s vision. Everyone wants to be on a winning team.
• Masterminds are a great way for dentists to connect with others sharing similar experiences and problems, and working through solutions.
• It’s true – you’re a product of the 5 people you spend the most amount of time with!
• You can only be excellent and really astute with age. Your abilities will triple after practicing for 10-15 years. Choosing your mentors wisely can accelerate your growth.

References

The $10,000 A Day Dentist by Dr. Bill Williams

Think and Grow Rich by Napoleon Hill

The Obvious Secret by Earl Estep

Action Coach

The Seven Mountains of Marketing

Solstice Dental Advisors

Outliers by Malcolm Gladwell

Bulletproof Dental Practice Podcast Episode 44

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Reposted from: Thriving Dentist Podcast Show w/Gary Takacs

Key Takeaways:

There are many different models of success in dentistry. In this Thriving Dentist Show, Gary interviews Dr. Craig Spodak about his practice model. Craig’s model is a single location group practice that produces over $10M per year driven by a Noble Cause. In this episode they discuss:

• Craig’s experience as a 3rd generation dentist
• His vision of an ideal building which is LEED (Leadership in Energy Environmental Design) Gold Certified
• The importance of creating a ‘Noble Cause’
• Craig’s 14 Core Values in his practice
• The power of intention, and the importance of learning from mistakes
• Craig’s model of a single location vs. building a group of multiple locations
• How Craig discovered that he was paying excessively high fees in his pension plan
• The influence of Tony Robbins on Craig’s life
• The meaning of ‘Geek Chic’

References

Receive a free copy of the book Unshakeable by Tony Robbins