Key Takeaways from your host Phil Cole, CEO of KLASSOLUTIONS

• The podcast has officially rebranded from the Dental Education Podcast to the Dental Business Podcast to better align with its focus on business strategies for dental practice owners.
• The episode emphasizes the importance of partnerships in dentistry, highlighting how collaboration can lead to reduced workloads and improved work-life balance for practice owners.
• Listeners are encouraged to consider whether they are ready for a partnership by evaluating their current patient load and operational systems before taking that step.
• Critical elements for successful partnerships include shared core values, defined roles and expectations, and transparent compensation agreements to avoid future conflicts.
• Regular communication and monthly partner meetings are essential to maintaining healthy partnerships and avoiding silent resentments between partners in a dental practice.
• The podcast advises seeking professional help from dental attorneys and CPAs when forming partnerships to ensure that legal agreements are thorough and protect all parties involved.

Please reach out to us via klassolutions.com with any questions you may have.

Got a busy schedule and thin margins? In this episode, I break down the simple math behind hitting 25% profit—and why most dental practices miss it. I’ll show you where money leaks, how to plug them fast, and the key habits that keep your numbers strong month after month.

What you’ll learn:

• The 3 numbers that control profit (and how to track them weekly)
• A clear target for payroll, supplies, and overhead
• The “leaky bucket” costs hiding in plain sight
• How to price, schedule, and collect so cash actually sticks
• A quick checklist to move from 10–15% profit to 25%+

In this episode of the KLAS Solutions Dental Education Podcast, we're talking about how to lead with heart and make clear business decisions. You care about your patients and your team—that’s a strength. But when empathy drives every call, it can lead to burnout, confusion, and lost profit. We'll walk you through simple ways to set fair boundaries, coach with clarity, and still show up as the caring leader your practice needs.

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In this episode, I break down cash discounting—what it is, how it’s different from surcharging, and how to set it up the right way in a dental office. Credit card fees keep rising, and most practices now run far more card volume than they did a decade ago. I’ll show you how to protect margins without hurting patient trust or payment flexibility.

Being the first in your family to become a dentist isn’t just an achievement—it’s a journey filled with unique challenges and triumphs. In this video, Phil Cole shares the real-life struggles and successes of first-generation dentists, offering insights and encouragement for anyone carving their own path in dentistry.

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In this episode, we dive into why being truly known and trusted is the cornerstone of a thriving dental practice. We’ll share practical strategies to strengthen patient relationships, build credibility in your community, and create a practice culture where trust drives growth and long-term success.

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Strategic Financial Planning for Dentists: Insights with Jennifer Lee.

In this episode of the Solutions Dental Business Podcast, host Phil Cole discusses financial planning with Jennifer Lee, a seasoned financial advisor and founder of Modern Wealth, who has been helping dentists for nearly 30 years. They cover crucial topics such as tax sheltering, the importance of planning for retirement and an exit strategy, and how to replace income after the sale of a dental practice. Jennifer emphasizes the need for early financial planning, the benefits of having a comprehensive financial plan, and the role of disability and life insurance in securing a dentist's financial future.

Tune in to gain valuable insights on building a financially sound dental practice and planning for successful retirement.

00:00 Welcome to Solutions Dental Education Podcast

00:35 Introducing Jennifer Lee: Financial Advisor for Dentists

01:17 The Importance of Planning for Your Exit

03:20 Common Financial Mistakes Dentists Make

05:41 When to Start Thinking About Retirement

08:48 The Ideal Timeline for Exit Strategy

18:23 Building Blocks for Replacing Income After Exiting

21:57 Long-Term Financial Planning for Dentists

22:37 The Role of Insurance in Financial Planning

23:34 Building a Strong Financial Foundation

26:38 The Importance of Disability Insurance

33:05 Financial Planning for Peak Earning Years

35:50 Tax Benefits of Relocating to Tax-Favorable States

38:32 Conclusion and Final Thoughts

For more information on Coaching, Transitions, Marketing and Accounting for your Dental practice visit www.klassolutions.com

Key Strategies for Successfully Expanding Your Dental Practice

In this episode of the KLAS Solutions Dental Education podcast, Phil Cole discusses the important considerations and strategic roadmap for dental practice owners contemplating opening a second location. Key points include assessing if your current practice is truly maxed out, common pitfalls to avoid, and how to effectively structure your team and systems to support expansion. Phil emphasizes the importance of basing decisions on data and creating a solid platform for growth, rather than succumbing to emotional impulses. Additionally, the podcast covers essential aspects like market demographics, competition analysis, and the necessity of leadership and strong systems to build a successful multi-location practice. Whether you're planning your first expansion or looking to avoid burnout during growth, this episode offers invaluable insights for dental entrepreneurs.

00:00 Introduction and Overview

01:16 Assessing Readiness for Expansion

05:08 Identifying Red Flags

10:07 Choosing the Right Location

20:17 Scaling Systems and Leadership

26:17 Common Mistakes to Avoid

30:15 Final Thoughts and Action Items

Visit klassolutions.com for more information about our Coaching, Transition, Marketing and Accounting Services.

Ever have trouble getting patients to agree to the treatment they need? We talk about how to explain procedures and costs in a way that makes sense to patients and builds trust. By using a few simple communication tips, you’ll find more patients saying “yes” to the care they need – a win-win for them and your practice.

Buying vs. Starting a Dental Practice: Insights and Advice

In this episode of KLAS Solutions Dental Education Podcast, host Phil Cole addresses a common question from dentists: Should you buy an existing practice or start your own from scratch?

Phil explores the pros and cons of both options, sharing real-life examples and key considerations, including patient base, location, financials, active patient count, and staffing. He also highlights the importance of having a strong vision, comprehensive due diligence, marketing strategies, and clean financials when making this significant decision.

Listeners will gain valuable insights to help determine the best path for their dental practice journey.

01:23 Pros and Cons of Buying an Existing Practice

03:09 Key Considerations When Buying a Practice

05:02 Real Stories and Red Flags in Practice Acquisition

15:47 Starting a Dental Practice from Scratch

28:30 Cost Breakdown and Financing Options

31:20 Personality and Fit: Choosing Your Path

37:04 Conclusion and Final Advice

Visit https://klassolutions.com for more information on buying or starting a dental practice, to obtain coaching services and more...