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

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