The Bulletproof Dental Practice Podcast Episode 315
Hosts: Dr. Peter Boulden & Dr. Craig Spodak
Guests: Dr. Dwight Peccora
KEY TAKEAWAYS:
Introduction
Mastermind recap
How to build profitability
Yearly mantra
“B players”
EGO
Associate success
Presence of the community
Community reputation
Word of mouth
Presence
Renovate to impress buyers
Why technology is the greatest training method
Attracting “A players”
Technology benefiting the team
Roman Empire
REFERENCES:
Bulletproof Dental Practice Episode 314
Hosts: Dr. Peter Boulden & Dr. Craig Spodak
KEY TAKEAWAYS:
Introduction
Job Interview
Employees Market
IRS halts Processing claims for ERC
Spam Calls
How Banks love the dentist
What Landlords love the most
Real Estate and Healthcare Real Estate
Why Twitter (X) is a more interesting site than Instagram and LinkedIn
Intellectual conversation on Twitter (X)
Difference remarkable and Amazon (kindle)
Hardship of Dentistry
Have alone time to get some realization
How AI can help dentistry
Prompt Engineering
Marketing lectures
College and First Job of Dr. Peter Boulden
Rules in School and Rules in life
Publishing a book
Quantity has a Quality all of its own
Everyone Scared in Dentistry
Opening a 5th Branch Dental Spa
Tips when you are building a building
Dental Graphics
Buying Bitcoin
Putting Money in the Bank
References:
Mighty Networks: Bulletproof Dental Practice
Buletproof Dental Practice Episode 313
Hosts: Dr. Peter Boulden & Dr. Craig Spodak
Guests: Dr. Trey Tippit & Dr. Dwight Peccora
KEY TAKEAWAYS:
· Craig's interest in social media content and dental discussions
· Questioning the purchase of 7% of a dental practice for $500,000
· Examination of the math behind company valuation
· Discussion on dentists' retirement savings and early retirement
· Trey's questions about investment returns and the value of a $500,000 practice
· Comparison of fractional ownership and traditional practice buying
· Identifying risks and success markers in practice ownership
· Evaluation criteria for dental practice investments: yield, appreciation, downside protection, and tax efficiency
· Craig's 10yearold dental practice undergoing interior remodeling
· Initial low yield expectations for the investment
· Projected appreciation in the second and third years
· Value of dental practice real estate with longterm leases
· Discussion of return on capital and tax efficiency
· Benefits of investing in a new facility for organizational profitability
· Importance of a clear evaluation framework and vision
· Challenges and benefits of being social and patientoriented
· Introduction to an acquisition opportunity for discussion
· Costs associated with acquiring a dental practice
· Trey's approach to negotiating deals and profits
· Exploring the entrepreneurial profit and purchase price
· Building relationships with bankers for safe leverage and returns
· The role of EBITDA in arbitrage and economies of scale
· Sharing experiences with new and existing practices
· The evolving perspective on entrepreneurial freedom and growth
· Managing risk and expanding the business through strategic partnerships
· Success leaves clues, referencing Peter's routinesclubs.com website
· Insight into Peter's daily routine and health tips
· Information about Peter's morning routine
· Dentistry's need for successful role models and influencers
· The challenge of aligning choices with one's desired lifestyle
· Peter's creation of a custom bulletproof GPT vector database
· The podcast's purpose in gathering diverse data and insights
References: