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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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Bulletproof Dental Practice
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All Episodes
Archives
Now displaying: December, 2018
Dec 27, 2018

Text ‘bulletproof’ to 345345 to stay in the know about all things Bulletproof, and buy the book HERE!

 

Bulletproof Dental Practice Podcast Episode 95

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guest: Mark Costes

 

Watch full video of the interview by clicking here! 

 

Key Takeaways:

 

  • Introduction To Mark Costes’s Podcast
  • Mark’s Introduction
  • Overview of Craig’s practice
    • Why he wanted a large practice
    • Craig’s Invisalign background
  • Overview of Peter’s practice
    • Peter’s practices & model
    • Diversification with real estate
    • Peter’s vision
  • Private equity
    • Valuations
  • Craig’s vision & legacy
    • Revolutionize the profession
  • The Bulletproof Practice book
    • Why Craig & Peter decided to write the book
    • To be the leaders they wish they had
  • America’s best 401k
    • The traditional financial retirement model
    • Doing good in dentistry

 

References:

 

The Bulletproof Dental Practice

 

Tweetables:

 

Be the leader you wish you had -  Simon Sinek

Dec 20, 2018

Text ‘bulletproof’ to 345345 to stay in the know about all things Bulletproof, and buy the book HERE!

 

Bulletproof Dental Practice Podcast Episode 94

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guest: Brannon Moncrief

 

Watch full video of the interview by clicking here! 

 

Key Takeaways:

 

  • Starting Dentappraisal
    • Background of Brannon
  • When did the 75% - 85% of topline revenue become the practice valuation?
    • Easy metrics
  • Specialty Practices
    • Buy-ins and margins are substantial
    • High profitability
    • Level of vulnerability
  • What portion of sales are from people wanting to sell their practices vs those looking to onboard a partner
    • Reviving management burden
    • Moving locations
  • EBITDA or subjective valuations
  • 7 key factors for valuation
    • Revenue level and trends
    • Profitability level and trends
    • Type and size of patient base
    • Hygiene production and service mix
    • Facilities and equipment
    • Location
    • Opportunities for growth
  • Average profitability of practices of 1.5 million and above
  • Definition of EBITDA
  • What is the average payment the DSO is taking after you sell?
  • How private equity more often that not doesn’t help industries
  • The average days on the market for a practice
  • Options available on the marketplace
  • Advice to the industry
    • Know your revenue
    • Monitor your practice
    • Manage it appropriately
  • What is missing from the market      

 

References:

 

Dentappraisal

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