Have you ever wondered about the importance of mentorship and how to even find a mentor in the first place? How can you benefit from mentorship and use it in the pursuit of your own success?

On this episode of Dentrepreneur, Dr. D. Todd Russell interviews his longtime friend and exceptional dentist, Dr. David Rice, founder and CEO of igniteDDS. Dr. Rice founded the nation's largest new dentist and student community and travels the world speaking, writing, and connecting today's top young dentists with tomorrow's most successful dental practices. He is the Chief Editor of DentistryIQ and leads a team-centered, restorative, and implant practice in East Amherst, NY. He's trained at The Pankey Institute, The Dawson Academy, Spear, and, most notably, the School of Hard-knocks.

They will discuss the inception and growth of igniteDDS, which started as a small mentorship community and has grown into a platform offering continuing education, practice transitions, and more for over 51,000 young dentists in North America. Dr. Rice shares his journey from dental school to launching his company and partnering with IVO-Clar. Listeners get a glimpse of the exceptional dentist's career, successes, and how he leveraged his expertise in dentistry over the years. This is a fun-filled episode where Dr. Russell and Dr. Rice also jokingly reminisce about their dental school days and discuss the various aspects of dentistry.

They will touch on such topics as:

• About igniteDDS mentorship community: “We work with them on all the things necessary to win in life. Our goal is to give them all a self-determined future.”
• Establishing and helping young doctors get growing: “I think the hardest job for young docs today is figuring out, Who do I want to be when I grow up?”
• Dentistry versus MDs and how dentistry has so much more flexibility.
• Dr. Rice shares his exit thoughts, how much debt he had before he graduated, and why the best time to exit a practice is 35.
• The importance of having both processes and people buttoned up, financial systems, KPIs, and accounting.
• Dr. Rice's thoughts on buying and selling practices, and things to look out for when buying practices: “Surround yourself with the greatest advisers.”
• The keys to selling your practice, and how to get to the highest valuation: “You need to level up your culture to getting a team with character.”

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Connect with Dr. D. Todd Russell, DDS:

• Website: https://dentrepreneurllc.com/
• LinkedIn: Dr. D Todd Russell, DDS
• Twitter: @drtoddrussell

Quote:

"Learn how the game works. Get excellent objective mentoring from the top team. They've been through it before, so they understand the wins, losses, and risks, which is all you need as an investor. Invest and leverage your money wisely."- Dr. David Rice