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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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Now displaying: June, 2024
When Should I Expand? 0
Jun 26, 2024

The Bulletproof Dental Podcast Episode 354

 

When Should I Expand?
 
HOSTS: Dr. Peter Boulden
GUESTS:  Dr. Dwight Peccora and Dr. Trey Tippit
 
DESCRIPTION
Pete, Dwight, and Trey discuss the importance of understanding when it's the right time to expand and how to determine the right metrics to make that decision. We emphasize the need to consider factors like utilization rate, infrastructure, and cash flow when deciding to expand. We also explore the challenges of balancing work and personal life during the expansion process. 
 
TAKEAWAYS
  • Understanding when to expand a dental practice is crucial for growth and success.
  • Metrics like utilization rate, infrastructure, and cash flow can help determine the right time to expand.
  • Balancing work and personal life during the expansion process is a challenge that requires open communication and support from family and team members.
  • Having a clear vision and goals for the expansion can help guide decision-making and prioritize resources.
  • Regularly tracking and analyzing key metrics can provide valuable insights and inform expansion decisions. Consider utilization rate, capacity, and future growth when deciding to expand a dental practice.
  • Cannibalization can be a strategic move in expanding a practice.
  • Continuous learning and skill development are essential for success in dentistry.
  • Building strong relationships and team bonding can contribute to practice success.
CHAPTERS
00:00 - Introduction and Setting the Context
11:59 - Understanding the Craftsman Mentality in Dentistry
21:50 - Determining Utilization Capacity and Expansion Readiness
27:43 - Defining Utilization Capacity and Tracking Metrics
31:36 - Considering Utilization Rate and Capacity
33:01 - The Inspiring Example of Innovative Dental
34:23 - The Importance of Continuous Learning and Skill Development
37:33 - Factors to Consider in Expansion Decisions
43:07 - Utilization Rate and Multi-Location Practices
44:40 - Leveraging Existing Practices for Patient Count Growth
46:15 - The Strategy of Cannibalization in Market Domination
50:14 - Building Strong Relationships and Team Bonding
 
REFERENCES
2024-2025 Bulletproof Mastermind
Summit Recap, Elastic Invisalign Pricing, You're The Bottleneck 0
Jun 20, 2024

The Bulletproof Dental Podcast Episode 353

HOSTS: Dr. Peter Boulden and Dr. Craig Spodak
 
DESCRIPTION
On this Episode we’re re-capping our  2024 Bulletproof Summit- the energy and feedback,  importance of paying attention to one's body, and the need for educational platforms and team-building events. We also discuss the challenges of being a business owner and feeling overwhelmed, as well as the importance of team engagement and buy-in.  We’ll shift to pricing strategies and the concept of designing fees based on desired earnings and the importance of setting fees based on what you want to earn and not just following industry standards. The conversation touches on the challenges and constant learning involved in dentistry, as well as the importance of investing back into the business to create more capacity and serve the community better.
 
TAKEAWAYS
  • The summit was a highly energizing and successful event, with positive feedback from attendees.
  • Paying attention to one's body and incorporating practices like biohacking can enhance overall well-being and performance.
  • There is a need for educational platforms and team-building events specifically designed for dental teams.
  • Business owners often feel overwhelmed and become the bottleneck in their own progress. Engaging and empowering the team is crucial for growth.
  • Pricing strategies should be based on desired earnings and the value provided, rather than arbitrary benchmarks.
  • Designing fees with first principles thinking can lead to better profitability and case enrollment. Set your fees based on what you want to earn, not just industry standards
  • Be less egoic about your fees and more realistic about your income goals
  • Having a community of like-minded individuals is invaluable for collaboration and feedback
  • Dentistry is a constant learning process and there is always more to learn and improve upon
  • Investing back into your business can create more capacity and better serve the community
 
CHAPTERS
00:00 - The Energizing and Successful Summit Experience
03:19 - The Need for Dental Team Educational Platforms
08:59 - The Role of the Business Owner in Growth
13:44 - Designing Fees Based on Desired Earnings
15:31 - Using First Principles Thinking in Fee Design
19:50 - Dynamic Pricing in Dentistry
22:20 - Challenges and Learning in Dentistry
27:26 - The Value of Community
33:52 - Investing Back into the Business
 
REFERENCES
The Cost of Building New + Hiring Associates (again) 0
Jun 5, 2024

The Bulletproof Dental Podcast Episode 352

 
HOSTS: Dr. Peter Boulden 
GUESTS: Dr. Trey Tippit and Dr. Dwight Peccora
 
DESCRIPTION
The conversation covers the challenges and considerations of hiring and onboarding dental associates, as well as the impact of construction costs on practice expansion. Join us in discussing the decision-making process, financial implications, and the importance of finding the right fit for the practice. We'll also explore the concept of progress over perfection and the need for flexibility in hiring decisions. The conversation covers a range of topics related to hiring and onboarding dental associates, including the importance of hiring for the business rather than personal preferences, the need for balance and diversity in the practice, the role of continued education and mentorship, and the value of creating leverage through hiring. 
 
TAKEAWAYS
  • Hiring and onboarding dental associates requires careful consideration and flexibility.
  • Construction costs have a significant impact on practice expansion and decision-making.
  • The concept of progress over perfection is important in the hiring process, and it's essential to be open to different candidates.
  • Financial implications and the need for a thorough decision-making process are key factors in hiring dental associates. Hiring for the business, not personal preferences
  • The importance of balance and diversity in the practice
  • The role of continued education and mentorship in onboarding
  • Creating leverage through hiring
  • The significance of trust transfers and vulnerability in the onboarding process
 
 
CHAPTERS
00:00 Soaring with Sea Planes and Construction Costs
03:13 The Impact of Construction Costs on Practice Expansion
15:22 Automated reviews versus personalization
25:08 The Thoroughbred Associate
31:21 Interviewing associates
42:49 Blue Ocean Strategies in Dentistry
46:57 Training New Dentists during Onboarding
54:15 Bulletproof Summit 
 
 
 
 
REFERENCES
Bulletproof Summit 2024
 
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