May 30, 2025

Is It Time to Pivot? How to Determine Your Dental Practice's Goals

17 minutes

Let's dive into one of the most foundational and often overlooked aspects of building a successful dental practice: setting and aligning your business and financial goals. Today, we’re getting real about what it takes to thrive not just as a clinician, but as a business owner. We’ll kick things off by defining your business goals and uncovering why having a clear vision is critical for long-term success. From there, we’ll explore how your financial targets and net worth goals should guide your decision-making from day one. Whether you’re aiming to build a multi-location DSO or a lean, high-profit solo practice, choosing the right practice model is key.

But it’s not all spreadsheets and strategy—running a practice comes with its fair share of challenges. We’ll talk through common pitfalls in practice management that can derail even the most ambitious plans, and I’ll share ways to overcome them with practical, actionable advice. Just as importantly, we’ll discuss how to regularly evaluate and adjust your goals as your practice grows and your life priorities evolve. And of course, we can’t ignore the critical role financial planning plays in tying all these elements together. Without a solid financial framework, even the best clinical skills and business ideas can fall short.

What you'll hear in this episode:

[0:40] Defining Your Business Goals

[1:25] Financial Targets and Net Worth

[2:15] Choosing Your Practice Model

[4:45] Income Expectations for Different Models

[7:50] Challenges in Practice Management

[8:55] Evaluating and Adjusting Your Goals

[13:45] The Role of Financial Planning

Learn more about Tooth and Coin's services: https://www.toothandcoin.com/

Watch full episodes on YouTube: https://www.youtube.com/@Dentistmetrics

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