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Summary
 
In this episode of Hey Docs!, Dr. Richard Clabaugh shares his journey from being a general dentist to acquiring and running his own orthodontic practice. He discusses the challenges he faced during the transition, including team dynamics, employee turnover, and the importance of leadership. Richard reflects on his growth as a leader and the lessons learned over the past ten years, emphasizing the significance of building a strong team culture and the need for adaptability in the face of change. Dr. Clabaugh also reflects on the significance of purpose beyond profit, encouraging aspiring practice owners to prioritize their values and family time while navigating the complexities of ownership.


Connect With Our Guest

Dr. Richard Clabaugh - https://clabaughorthodontics.com/
[email protected] 


Takeaways

• Richard's journey from general dentistry to orthodontics was driven by a desire for ownership.
• Acquiring a practice involves navigating complex challenges, including team dynamics.
• Leadership requires a balance of authority and responsibility.
• Employee turnover is a common challenge during ownership transitions.
• Building a strong team culture is essential for practice success.
• It's important to prioritize team health alongside patient care.
• Leadership can be lonely, and support from peers is invaluable.
• Recognizing the value of team members is key to retention.
• Open communication with staff can help navigate changes effectively.
• Building genuine relationships within the team enhances collaboration.
• Core values should be recited regularly to maintain focus.
• Team members should be involved in the hiring process for better fit.
• Prioritize family and personal time amidst the demands of practice ownership.

Chapters
 
00:00 Introduction
06:32 Why Choose Acquisition
08:58 Due Diligence Mindset
13:37 Lessons After Purchase
17:30 Leadership Energy On Stage
19:18 Early Ownership Challenges
21:38 Team Turnover Reality
30:52 Hiring the Right Team
35:02 Leading With Humility
39:35 Team Recognition Culture
41:49 Hiring and Letting Go
46:54 Faith and Leadership Reality
48:43 Acquisition Advice
50:26 Meaning Beyond Money
55:40 Contact Info 

Episode Credits:
 
Hosted by Jill Allen
Produced by Jordann Killion
Audio Engineering by Garrett Lucero

Are you ready to start a practice of your own? Do you need a fresh set of eyes or some advice in your existing practice?

Reach out to me- www.practiceresults.com.
   
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