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Bulletproof Dental Practice Podcast Episode 81

Hosts: Dr. Peter Boulden

Guest: Jacob Puhl, DEO Dental Group

Watch full video of the interview by clicking here!

Key Takeaways:

• Perspective on dental industry
  • Operationalizing: Consolidation of the highly fragmented dental industry
    • Practices are becoming legitimate well-run businesses
    • Locations are going from a lifestyle business to cost & convenience
    • Consolidation allows the easy button to be hit in the dental industry
  • Create efficiencies in the practice
    • Tendency is to open more locations but the goal is to expand your current location
    • Duplicity of functions under 1 location is key
  • Success Formula
    • Just make what you're doing is the best that it can be
    • Instill sound principles and think like an executive
      • 1 step at a time vs taking 10 steps
      • Abundantly thinking towards next step
      • Decide what your next best dollar is
      • Open an extra 2 hrs/day, add specialties, reduce cost or raise revenue
    • Nature vs Nurture
      • Entrepreneurship can be learned by dentists
        • The key is to know yourself and know what you're capable of
        • Have at least one business-minded person on your team
        • Hire for your inadequacies
        • Have a support system with like-minded people
      • DEO
        • Based on Mastermind Formula
        • Focus on 3 things; grow yourself, grow your people, grow your business

References:

Scrum Methodology

DEO 2018 Fall Summit – Should I Build, Sell, or Partner? Use code BULLETPROOF for $100 Off Registration

Dr. Marc Cooper

Mastering the Business of Practice by Dr. Marc Cooper

Tweetables:

Make what you're doing the best that it can be. – Dr. Peter Boulden

Don't shrink your way to greatness. – Dr. Peter Boulden

Grow yourself, grow your people, grow your business. – Jacob Puhl