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How To Sell Your Practice For a Bunch of Money

Bulletproof Dental Practice

Release Date: 01/23/2025

DODE: Department of Dental Efficiency show art DODE: Department of Dental Efficiency

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 400 HOST: GUEST: , DAADOM DESCRIPTION In this episode, Craig is joined by Erika Pusillo to discuss developing key personnel in dental practices, focusing on cultivating potential rather than finding it. They cover leadership dynamics, team communication, and financial efficiency through zero-based budgeting. The conversation emphasizes proactive financial management, optimizing team roles, merit-based compensation, and fostering a culture of mentorship and problem-solving. TAKEAWAYS The most important aspect of team development is finding individuals...

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Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 399 HOSTS: and GUEST: DESCRIPTION In this episode of the Bulletproof Dental Practice Podcast, Dr. Amir Mansouri, co-founder of SprintRay, shares his journey into 3D dental printing and discusses how this technology is transforming dental practices. The conversation covers the evolution of dental technology, the importance of patient experience, and why practices must adopt 3D printing to stay competitive. Dr. Mansouri also explores the integration of AI in dental design, the role of empowering dental staff, and how these innovations are improving...

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Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 398 HOSTS:  and GUEST: Dr. Jordan Davis DESCRIPTION Dr. Jordan Davis joins us to share his journey from anxiety as a dentist to becoming a successful practitioner with a strong social media presence. He discusses the importance of taking action and overcoming fears. The conversation also delves into the innovation in dental techniques and the significance of continuous learning and collaboration in achieving success in dentistry. We discuss the importance of effective marketing strategies, the need for dentists to adapt to changing patient...

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GROWTH BY PROXIMITY with Dr. Alex Edgerly show art GROWTH BY PROXIMITY with Dr. Alex Edgerly

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 397 HOSTS: and GUEST: DESCRIPTION In this podcast, Peter Boulden and Craig welcome Alex Edgerly, a general dentist from Southeast Texas, about growing his dental practice. They discuss managing patient demand, leaving insurance networks, strategic expansion planning, and maximizing chair utilization. The conversation covers construction strategies that minimize patient disruption, financing options, tax benefits of real estate investments, and architectural planning using 3D visualization tools. They also explore financial projections, overcoming...

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Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 396 HOSTS: and GUEST: , Lightwave Dental DESCRIPTION Clifton Cameron, Chief Dental Officer of LightWave, discusses the dental service organization (DSO) landscape, covering industry challenges like labor inflation, financial strategies, and market consolidation. The conversation explores how dentists should evaluate partnerships, the impact of consumerism on practices, challenges facing solo practitioners, and the importance of strong leadership in navigating the evolving dental industry TAKEAWAYS LightWave is America's only Dental Leadership...

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OUTSIDE THE BOX with Paul Vigario show art OUTSIDE THE BOX with Paul Vigario

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 395 HOSTS: and GUEST: Founder and CEO of SurfCT DESCRIPTION Craig, Peter, and Paul Vigario explore the dental industry's complexities, discussing competition among doctors, sales perceptions, and entrepreneurial challenges. They emphasize personal growth, brand development, and redefining success in dentistry. The conversation highlights the importance of embracing risk, living authentically, and seeking mentorship while breaking free from industry constraints and societal expectations. The speakers encourage dentists to pursue their passions, make...

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Bulletproof Coaches: 2 Journeys show art Bulletproof Coaches: 2 Journeys

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 394 HOSTS: and GUESTS: and DESCRIPTION Peter and Craig host Kris Alpers and David Amador, two Bulletproof coaches who share their journeys from feeling stuck and unfulfilled in their dental practices to finding success and fulfillment through community support and coaching. They discuss the importance of aligning personal and professional goals, the impact of their experiences on personal relationships, and the key metrics for success in dentistry. The conversation emphasizes the value of the Summit experience and the transformative power of investing...

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Why 44% of Dentists Have Mental Health Issues show art Why 44% of Dentists Have Mental Health Issues

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 393 - BONUS POD  TITLE: Why 44% of Dentists Have Mental Health Issues HOSTS: and DESCRIPTION As a follow-up from Episode 392, Peter Boulden and Craig discuss the pressing mental health challenges faced by dental professionals, highlighting alarming statistics about anxiety, depression, and burnout in the industry. They explore the role of AI in alleviating some of these issues and emphasize the need for structural changes within dental practices. The importance of community support and open conversations about struggles in the profession is...

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Find your Goldilocks in Dentistry - Find your Goldilocks in Dentistry - "Just Right"

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 392 HOSTS:  and DESCRIPTION In this conversation, Craig and Peter discuss the evolving landscape of dentistry, emphasizing the importance of community, personal goals, and the transition from clinical practice to business ownership. The discussion highlights the potential for growth and opportunity within the dental field, encouraging dentists to redefine their identities and seek fulfillment beyond traditional roles. They touch on the journey of finding balance between clinical work and personal happiness, the significance of self-inventory, and...

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Cash on Cash return of your PRACTICE! show art Cash on Cash return of your PRACTICE!

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 391  HOSTS: and DESCRIPTION Peter and Craig discuss dental practice financial management, covering investment psychology, tax implications, and liquidity needs. They explore how dentists can optimize discretionary funds, manage investment risks, and consider practice expansion. The conversation highlights dentists' unique economic position, allowing calculated risk-taking while maintaining stability. They also examine hygienists' role in practice growth, financial expansion strategies, and the importance of understanding cash flow and enterprise...

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More Episodes

The Bulletproof Dental Podcast Episode 382

HOSTS: Dr. Peter Boulden and Dr. Craig Spodak

GUESTS: Dr. Dwight Peccora and Dr. Trey Tippet

DESCRIPTION

The hosts discuss key aspects of running a successful dental practice, including financial management, business systemization, and practice valuation. They emphasize transitioning from people-dependent to system-dependent operations through standardized processes and effective team training. The conversation covers industry consolidation, political impacts on dentistry, and strategies for practice growth and eventual sale.

TAKEAWAYS

  • Building a resilient business makes it more desirable for potential buyers.

  • Understanding financials is crucial for making informed business decisions.

  • Dentists often struggle with interpreting their P&L statements.

  • Emotional bandwidth is necessary to engage with business management.

  • Entrepreneurship requires a shift in mindset from clinical work to business strategy.

  • Learning from financial data helps avoid emotional decision-making. 

  • Focus on a few key metrics to track your business performance.

  • Owner independence is desirable for attracting investors.

  • Creating a robust hygiene program can enhance profitability.

  • Intentionality in business design is crucial for success.

  • Repeatability in processes leads to scalability and stability.

  • Don't let fear of numbers prevent you from tracking your business.

  • A good test of owner independence is how the business performs in your absence.

  • Standardization and simplification are key to success.

  • Retention improves when employees have clear processes.

  • Understanding payroll structures helps in managing costs.

  • Automation can streamline operations and improve access to information.

  • Preparing for summits fosters collaboration and knowledge sharing.

CHAPTERS

00:00 Reunion and Roasting

03:06 Political Prognosis for Dentistry

06:12 Selling Your Practice for Profit

11:56 Growth and Industry Dynamics

14:58 The Importance of P&L Interpretation

17:54 Visualizing Financial Data

20:56 The Entrepreneurial Journey

29:18 Understanding Financial Foundations

34:03 The Journey to Owner Independence

47:21 Intentionality in Business Design

53:24 Transitioning to System Dependence

01:01:47 Maximizing Profits and Financial Clarity

01:04:25 Preparing for the Upcoming Summit

REFERENCES

Bulletproof Health Retreat 2025 

Bulletproof Summit

Bulletproof Mastermind