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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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Aug 2, 2023

Bulletproof Dental Practice Podcast Episode 308

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guests: Dr. Trey Tippit & Dr. Dwight Peccora

Key Takeaways: 

  • Business owners and leaders should set a clear vision for their teams to follow
  • Investing in team development should not be feared, as it leads to better outcomes
  • Differentiation strategies for dental practices - using Google Analytics, Google Tag Manager, and Google Search Console
  • Understanding analytics and data migration is crucial for business success
  • Personal runway and transparency in business negotiations
  • The power of the multiple model
  • EBITDA and its importance in dentistry
  • Private equity's focus on cash flow and value impact
  • Due diligence is crucial when buying a dental practice, focusing on patient numbers, tax returns, and economies of scale
  • The significance of cash flow statements for tracking expenses and trends
  • Leverage is a key factor in generating wealth, and financing depreciating assets should be considered carefully
  • Reflecting on past financial mistakes is advised for better financial decisions
  • Leverage can extend beyond debt and involves various types of balance sheets and financial analysis
  • Arbitrage = the difference in prices for practices in different environment

References:

Bulletproof Mastermind

Bulletproof Summit

Mighty Networks: Bulletproof Dental Practice

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