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:

Bulletproof Mastermind

Bulletproof Summit

Mighty Networks: Bulletproof Dental Practice