Summit Recap, Elastic Invisalign Pricing, You're The Bottleneck

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

Bulletproof Mastermind Enrollment for 2024-2025