131: The 3rd Rail Entrepreneur with Alistair MacDonald
Release Date: 03/03/2020
Business of Dentistry
Just to give you an update of my practice right now, we initially did a gradual rollout, bringing in our team members back on piecemeal over a period of three weeks.
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Today, Dr. Victor Martel joins me as we talk about the possible changes and challenges that we, as dental care providers and business owners, need to consider as we’re preparing for the reopening of our offices.
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In today’s episode, we discuss different topics including what he’s been doing during this pandemic and his plans moving forward. We also talk about the Implant Pathway and how we can use this downtime to learn more about implants.
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In today’s episode, Dr. Mark Costes talks about things related to the pandemic and how things are going to change going forward with our practices. Mark likes to call everything that’s happening right now as just a reset.
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With a lot of offices shut down during this pandemic, being able to continue our dental practice has become a real challenge.
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In today’s episode, I’m sharing with you an email that I got from Sally Hogshead.
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Today, I’m going over some good, confirmed Small Business Administration (SBA) information that you can use today (something that I received in my inbox). This is a direct email, which is official documentation or correspondence from them.
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In the face of this present pandemic, do you think dentistry is dead?
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The coronavirus situation has been so dynamic and changes quickly. There has been a lot of information and misinformation. I've seen people approaching it very level-headedly, people in near panic mode, and people who seem to be taking this way too lightly. And I’ve been trying to stay in the middle of the road, trying not to be too quick to react or make any knee-jerk decisions that I might pay for later.
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Stoicism has opened my eyes to a new way of thinking. I have been able to apply Stoic principles in my practice and my personal life. For those not familiar with Stoicism, it is a philosophy of personal ethics informed by its system of logic and its views on the natural world. Dr. Matthew Standridge is the person who introduced me to this philosophy. And this week, he is my guest!
info_outlineDental professionals don’t always think of themselves as entrepreneurs. Let’s face it, not all dentists are entrepreneurs. Whether you are an entrepreneurial dentist or not, the risk for all dentists is not making a life outside of work. Today, Alistair MacDonald will help to enrich our minds, relationships, and share the meaning behind what it means to be a third rail entrepreneur. Alistair will share his entrepreneurial journey and some of the lessons he’s learned. We're both ingrained in dentistry. My hope is through our conversation listeners will come away with a new perspective on what we do as dentists now and in the future.
Dental practice owner, Alistair McDonald is an entrepreneur and TEDx speaker, but he is not a dental professional. So, his views and insight are very interesting (and albeit a bit different than what we typically hear on this show). He's a wonderful storyteller and always brings a great point to each of his stories. His entrepreneurial journey is pretty amazing too. He's from Zimbabwe where he started his own Safari business— subsequently built it up and then sold it. He then moved to the U.S. where he began the next phase of his career; on Wall Street. In addition to being an entrepreneur, he is the host of The 3rd Rail Entrepreneur podcast.
In this episode, you’ll hear:
- Alistair’s entrepreneurial journey including how he became a dental practice owner.
- Why Alistair says not all dentists are entrepreneurs.
- Dentists aren’t taught the skills needed to be entrepreneurs: soft skills, budgeting skills, implementation skills.
- Every business is a human business.
- Leanness is a methodology. It's not a goal. Plus, how to measure leanness or margins in business.
- The risk for dentists is they don't actually make a life.
- How and why the third rail can be a super force in your life and help challenge you.
Connect with Alistair MacDonald:
Connect with Russell:
Facebook - https://www.facebook.com/businessofdentistrypodcast/
IG - https://www.instagram.com/businessofdentistry/
Twitter - https://twitter.com/businessdentist
LinkedIn - https://www.linkedin.com/company/business-of-dentistry/
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