The Shared Practices Podcast - Archives

From CARR Healthcare Real Estate, commercial real estate agent Kyle Church joins us. He and colleague Mike Jorgensen have been serving the dental industry for years. Shared Practices is now partnering with CARR to help listeners maximize their profitability through real estate. Steven asks them about the importance of having the right lease, what kind of lease is a startup's dream, and how to lease based on your own vision.

After an equity agreement went sour, "Thor" found an acquisition elsewhere (in the outro we learn to filter these situations out of your life). He's the only doc and he's short staffed. Suzanne teaches him to get his head out of staff's tasks, how to hire an associate for the right reasons, and what to aggressively track when you haven't yet updated your software.

Shared Practices doesn't always talk about overhead cost. But when we do, we make sure to teach pre-owners to NOT to hamstring growth for the sake of "controlling your overhead". Today you're getting a refresher on fixed costs, variable costs; and how to optimize staff cost, rent, supply & lab bills, and more.

ANNOUNCEMENT: We want to call YOUR office as a pretend new patient, and then provide feedback. Your office and staff will be anonymized.

contact [email protected] with subject line CALL MY OFFICE to check availability.

Today Richard and Caitlin talk about The Hand Off. If your staff is fumbling simple tasks over and over, then the problem might be you? Find out how to update your procedures and stop losing revenue to fumbled hand offs.

Is the pursuit of ownership really about ownership itself? Or is it the pursuit of happiness within dentistry *via* ownership? George and Andrew talk about freedom, autonomy, life in entrepreneurship, and everything that practice ownership means to them.

Today, listeners are a fly on the wall of what is essentially an actual mastermind meeting. Richard leads the discussion between actual owners Todd Haskin, Derek Green, and Chris Vanderpool. Each new owner gives nightmare stories, and success strategies. We talk moving into new real estate, finding solid associates, and the power of diversifying your net worth.

Our guest's journey is similar to that of many of our listeners. We're reminded that, for so many of us, EQUITY in a dental practice—even if it substantially increases your debt—is the best way to pay off student loan debt, and reliably build net worth. Reality is more forgiving than a negative mindset.

"I work to provide for my family, then I look at my paycheck as an associate, and half of it is gone because I'm not the owner. That really lit a fire under me to work toward ownership".

After several iterations of his vision, "Dr. Thomas" now brings his prospective acquisition to Dr. Matt Ford.

Check event availability here.

Suzanne and Richard share the best moments from recent live events. Plus we share the common journey every one of our clients shares, WHY we developed our Analytics-based Office Management education, the challenges (and solutions) you'll face after the event when you're back at the office, and ultimately why the world will need more Shared Practices-trained office managers very soon.

As Steven starts pitching audience questions to Matt Ford, Matt hits home runs of information every time. Listen up as we talk about differences between rural vs urban non-competes, acquisition metrics & red flags, solo vs group practice management philosophies, buying right out of school, and so much more.

Literally grab a pen and paper for this one! 🎧

You'll wanna share this episode. We learn the about evolution of George's and Alex's thoughts on real estate, leaving room to physically grow your office, and revisiting the mere industry-standard advice we gave in Season 2.

Listen up because this is now THE episode for real estate considerations.

Send us your real estate questions: [email protected]