Bulletproof Dental Practice Podcast Episode 307

Hosts: Dr. Craig Spodak

Guest: Dr. Kyle Stanley

Key Takeaways: 

·         Dr. Kyle Stanley’s journey from start-up to redbook and his introduction to the show.

·         The significance of trust in patient-dentist relationships and the power of effective case presentations.

·         The challenges of full-time dentistry

·         The importance of finding purpose outside of the dental profession

·         Dentistry as an ingrained identity, not suitable for everyone

·         The importance of setting true expectations for mental wellness in dentistry

·         The concept of the ‘triangle of blame” in dentistry and the need for mental resilience in dental schools

·         Dr. Kyle Stanley’s personal growth and mental health experiences

·         The power of emotional response and vulnerability in helping others

·         Ways to get involved with Lightside Dentistry and the Bulletproof Summit, including bringing your team to the summit

References:

Bulletproof Mastermind

Bulletproof Summit – PROMO CODE: STANLEYSUMMIT23

Mighty Networks: Bulletproof Dental Practice

Tweetable: 

          I think one of the big problems that we have as dentists is that our purpose in life is to be the best dentist in the world. Our purpose in life is to be a dentist. That is our problem. And that’s why so many of us suffer. Because when you align your purpose in life with something that is bound to fail there’s going to be an open contact or open margin, that your entire self-worth drops with that.- Dr. Kyle Stanley

Bulletproof Dental Practice Podcast Episode 306

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guests: Dr. Trey Tippit & Dr. Dwight Peccora

Key Takeaways:

Pete’s biggest business failures & how he got started

Reviewing and actual LOI

DPO vs DDO, partnership

How to get to enterprise value

Common equity, rollover quality, and preferred equity

Top-line revenue is the most important component

Private equity vs public equity

Capital gains as a side hustle

Ultimate KPI for financial freedom

Evaluating multiple buy-ins

Problem with non-competes

Real estate and lease renegotiations

Understanding tax implications of cash flow vs capital gains

Retail business coasting or dying?

Money as an existential problem

Transition between first half and second half of life

Pitfalls of affiliate marketing

Importance of purpose

Bulletproof Summit in Las Vegas August 11-12

References:

Bulletproof Mastermind

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Tweetable: 

Bites of apples only happen when said private equity group that bought you sells to another private equity group, a different horse. - Dr. Peter Boulden

Bulletproof Dental Practice Podcast Episode 305

Hosts: Kirk Behrendt

Guest: Dr. Craig Spodak

Key Takeaways: 

Dentistry is whatever you want it to be

Never forget the “why” behind your dentistry

Ignore the FOMO you feel about selling your practice

Identify exactly what you want in your life and your practice

Don't make long-term decisions based on temporary emotions

References:

Bulletproof Mastermind

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

ACTdental

Tweetable: 

            So, dentistry is really beautiful. You get to be paid to help people. Never forget the privilege it is to be able to serve other people. And when you make it about yourself and you start over obsessing about yourself, you lose fulfillment and purpose. So, if you're in a burnout stage, focus on everything around you. If you feel less appreciated, give appreciation. Whatever you want more of in life, give it away first. – Dr. Craig Spodak

Bulletproof Dental Practice Podcast Episode 304

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guest: Dr. Trey Tippit 

Key Takeaways: 
Summit Update:

•         Chris Ronzio from Trainual speaking

Current Events:

•          Affirmative action update
•          Student loan forgiveness proposal rejected

Half-Year Audit (July):

•         Apply the “1 in 60” rule to personal and professional and professional evaluation
•          Identify sources of energy and drain
•          Determine the most important focus area (ROCK) across various categories
•          Assess the alignment of systems and habits with the main focus
•          Identify factors or individuals impeding progress
•          Track progress towards annual goals

Introduction to Fednow

Bitcoin Insights:

•          Significance of Blackrock’s filing not being coincidental
•          Upcoming BTC halving in April 2024
•          Predictable strategy of buying six months before halving and selling 18 months after

4^th of July message from Peter

References:

Bulletproof Mastermind

Bulletproof Summit 

Mighty Networks: Bulletproof Dental Practice

Tweetable: 

         The father-son relationship, or father-daughter relationship, the mentor that you have, and a parent of any sort is nothing more than a relationship. But if you don’t have it you also have friends that you can choose, you can create. Surround yourself with people that are going to give you those relationships and then foster those relationships. - Dr. Trey Tippit