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Start Your Dental Practice

In every episode, we aim to demystify the “how to start a dental practice” problem by bringing on world-class influencers and consults in the dental industry to pick their brain about how to get past the barriers involved from no practice, to practice owner, to successful practice.
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Now displaying: October, 2015
Oct 30, 2015

Do you know the numbers that matter in your dental practice?

Today’s show is a clip from a past interview where I was featured on Howard Speaks with Howard Farran - the founder of Dental Town.

I went over a few things that I don’t normally cover in interviews on this show, and I go in-depth on the metrics that drive a successful dental practice.

In today’s bonus, I’m sharing a quick exercise you can use to get a grasp on the account in your business so that you can see where your practice is headed.

Go here to get today's episode bonus: The "Know Your Numbers" Litmus Test.

Here are a few things you'll discover in today's episode:

  • Appointment by appointment: Are you making money or losing money?
  • What sets apart million and billionaires in terms of the roles they have on their employee teams
  • The business quote that Bill Gates lives by that’s applicable to dental practice owners
  • Which accounting software and practice management I personally recommend to my private clients
  • How I spot embezzlement in a non-traditional way (this is how sneaky employees get away with stealing thousands of dollars from your practice)
  • Metrics in your business. Do I personally believe in having transparency around the numbers that matter in your practice (and should employees know how much is in the bank?)
  • How to read your balance sheet (and why this is critical to building a successful practice)

 

Free Episode Bonus:

When you know what numbers you need to focus on to drive your dental practice, everything else becomes clear.

Access the "Know Your Numbers" Litmus Test I mentioned in today's episode so that you can easily grasp (and stay aware of) your key metrics by clicking here.

Quotes - Click To Share On Twitter:

  • "Accounting is the language of business." - Jonathan VanHorn
  • "We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten." - Bill Gates

 

Resources:

  • Skype
  • Open Dental

 

Support The Show:

Without you, Ambitious Dentists, this should wouldn’t exist.

If you enjoyed today’s episode, please go here to give me an honest rating and review in iTunes.

This allows me to evolve that show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

Oct 23, 2015

In all previous episodes of Start Your Dental Practice, we’ve featured the best and brightest names in the dental industry.

Today, I’m it switching up.

(you’ll find out exactly why at the beginning of today’s episode)

There’s a huge problem with today’s up and coming dental practice owners:

They’re more debt averse than ever before.

That’s not necessarily a bad thing…

But, chances are you’re going to need help from the bank if you want to acquire or start a practice of your own when you complete dental school.

If that’s the case, you probably have a lot of questions about the right (and wrong) way of going about working with the bank – and that’s why I made today’s episode and bonus.

Here are a few things you’ll discover in today’s episode:

  • My personal business philosophy on debt (and why you should adopt this thought process)
  • The different reasons why you’ll want a bank loan
  • What kind of loans exist (and the features in each)
  • The moving parts of loans that you need to be educated and aware of
  • My NUMBER 1 takeaway from doing business with the bank

 

Free Episode Bonus:

In today’s bonus, you’ll get access to the top questions I get asked by readers, students, and my email list around dental banks and the exclusive interviews I held with 6 banks to discover the ins and outs of dental practice loans.

Click here to access that now.

Support The Show:

Without you, Ambitious Dentists, this should wouldn’t exist.

If you enjoyed today’s episode, please go here to give me an honest rating and review in iTunes.

This allows me to evolve that show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

 

Oct 16, 2015

For several years, Dr. Colin Lathrop has honed his skills working as a dentist in the Houston area and built up a loyal clientele who appreciate his friendly chairside manner and outstanding skill in all aspects of dentistry.

If you’re unfamiliar with Dr. Lathrop’s approach, his philosophy is to treat each patient individually — not according to a cookie-cutter “one-size-fits-all” dental regimen.

His simple, but effective approach to his patients also rings true in his business and his marketing.

Dr. Lathrop and I had an incredible conversation about the brass tacks of his marketing strategy.
 
I received permission from Dr. Lathrop to reveal this behind the scenes conversation in today’s bonus.
 
 
Here are a few things you’ll discover in today’s episode:
  • Why you might not want to start your own practice or buy into one at the two-year mark out of school
  • How to find the perfect location for your dental practice and family (that creates a one of a kind connection with the community)
  • The top things that can contribute to the growth of your practice (and how to get an unordinary amount of exposure)
  • What not to do with your Facebook marketing (miss this, and you’re sure to come off as boring and scare off potential patients)
  • How to make it fun for your staff to contribute to your marketing (and how to know who on your staff can help drive your social media efforts)

 

Free Episode Bonus:

Before sitting down to record this interview with Dr. Lathrop, we had an incredible conversation about the brass tacks of his marketing strategy.

Dr. Lathrop gave me permission to reveal this behind the scenes conversation in today’s bonus.

Click here to access that now.

Quotes:

  • “If they like you, then they’ll accept treatment from you.” – Dr. Lathrop
  • “You want to show that you’re fun, nice, and trustworthy. You have to be unique about it.” – Dr. Lathrop

 

Resources:

Support The Show:

Without you, Ambitious Dentists, this should wouldn’t exist.

If you enjoyed today’s episode, please go here to give me an honest rating and review in iTunes.

This allows me to evolve that show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

Oct 9, 2015

In our last episode, Dr. Jarett Hulse joined us and went above and beyond to share his experience and road to becoming an owner of a dental practice.

In part two of our interview together, he took it even further and went in-depth to share what it’s been like for him as a dental practice owner.

This is where you’re going to gain a high-level perspective of best practices, do’s and don’t’s, and tips from someone who’s “been there” and “done that”.

I said it a few times, but I truly wish every interview on Start Your Dental Practice.

If you are, or know someone who we should feature on the show, send me a personal note to jonathan@dentistmetrics.com so we can find out if it’s a fit.

Go here to get today’s audio bonus: How to make better and faster decisions as a dental practice owner.

Here are a few things you’ll discover in today’s episode: 

  • The mistakes Dr. Hulse made early on his practice (and what he would’ve done differently)
  • The problems that signing up for multiple insurance companies caused later in Dr. Hulse’s practice
  • Why there’s nothing new under the sun, and why that’s important to your advertising and marketing campaigns
  • How Dr. Hulse handled the marketing of his practice
  • The dirty little secret, called being “retractable”, that large corporate dental practices do that you need to be aware of
  • Corporate Dentistry – is it a road you should go down before owning your own practice?

 

Free Episode Bonus:

Want to take action on today’s episode and start making better descisions as a practice owner?

Then click here or the image below to access today’s bonus now.

Quotes:

  • “That’s the thing about dentistry–most of us aren’t very good at business and manage to make a very good living.” – Jarett Hulse
  • “By leveraging someone else’s experience, you greatly reduce your chance of error.” – Jonathan VanHorn
  • “You’re never going to be ‘done’, you’re never going to be ‘perfect’.” – Jarett Hulse
  • “That’s a demon at lot of dentists have – they try to be perfect.” – Jarett Hulse

 

Resources:

 
Oct 2, 2015

If you have experience beyond starting your own dental practice, and have been in a practice for some time – then you know the struggles…

Starting and running your own practice isn’t always the easiest thing in the world, to say the least.

Sometimes practice owners out there want it to seem like roses and butterflies, but that just isn’t reality.

You have to have grit.

You have to push through.

And, you have to do a lot of on-the-fly-learning.

The other day I sat down with Dr. Jarett Hulse – who isn’t your average practice owner (you’ll learn why by listening to today’s interview) and he shared EXACTLY what can go wrong in the journey from school to practice owner.

To be honest, I wish every interview could be like this, so it was refreshing…

In fact, we went on for so long that I’m going to split up our chat into two episodes, so be on the lookout for part 2 next week.

I’ve put together my own thoughts in a bonus clip to share how you can overcome adversity in your situation that was inspired by today’s episode. Click here to access that now.

Here are a few things you’ll discover in today’s episode:

  • The important lessons Dr. Hulse learned about burnout, and how he evolved as a dentist to avoid it altogether
  • How buying a $5000 TV right after quitting his job, with no clients, and deferring loans, forced Dr. Hulse to figure his career out
  • The economic situation that drove Dr. Hulse from being a dentist in the heart of New York City to choosing middle America as the best place to set up his new venture

 

Free Episode Bonus:

After hearing today’s episode, I was inspired to share some of my own thoughts about overcoming adversity in any situation.

To get access today’s bonus audio clip, simply click here.

Quotes:

  • “You have no on to rely on but the people who are selling you stuff.” – Dr. Jarett Hulse
  • “It is not a “do a, b, and c process. It’s “do a, b, c, f, and g” all at the same time.” – Dr Jarett Hulse
  • “You can’t do one thing at a time, and that was a hard thing for me to wrap my brain around.” – Dr. Jarett Hulse
  • “It was seven years out of school before I opened my own practice.” – Dr. Jarett Hulse

 

Resources:

 

Support The Show:

Without you, Ambitious Dentists, this should wouldn’t exist.

If you enjoyed today’s episode, please go here to give me an honest rating and review in iTunes.

This allows me to evolve that show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

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