Bulletproof Dental Practice

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 82 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Reese Harper, CEO DentistAdvisors.com   Watch full video of the interview by clicking here!   Key Takeaways: Average retirement age for dentists is 69 Most dentists retire when they think they can, they don’t wait longer When to retire Calculate total net worth, retirement accounts, cash, investment to determine Make 30-35 times what is spent in 1 year at any age younger than 70 Example: $200,000 spent in a year, net worth should be $6-7 million TT Score: Net worth divided by annual spending Wealth should grow at 3.3% or more at a TT score of 30 to never run out of money and maintain principle A lot of people don’t have a clear picture of how their net worth is growing, so they don’t make any changes Track personal net worth statement and progres

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 81 Hosts: Dr. Peter Boulden Guest: Jacob Puhl, DEO Dental Group   Watch full video of the interview by clicking here!   Key Takeaways: Perspective on dental industry Operationalizing: Consolidation of the highly fragmented dental industry Practices are becoming legitimate well-run businesses Locations are going from a lifestyle business to cost & convenience Consolidation allows the easy button to be hit in the dental industry Create efficiencies in the practice Tendency is to open more locations but the goal is to expand your current location Duplicity of functions under 1 location is key Success Formula Just make what you’re doing is the best that it can be Instill sound principles and think like an executive 1 step at a time vs taking 10 steps Abundantly thinking towards next step Decide what your next be

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 80 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Cory Glenn, VP of Technology for Blue Sky Bio   Watch full video of the interview by clicking here!   Key Takeaways: Quick Genesis: Dr. Cory Glenn Graduated in 2008, started in solo practice right away Treated Leukemia but back pain never got better Sold the practice due to health issues Overview of where the digital workflow is and where it’s going Digital isn’t new but it is finally accessible The digital space is not a cost impediment Example: Practice Clear Liner Ortho for under $300 a case with a $5k 3d printer Pros and Cons for 3D Printers Moonray Quality printer Plays nice with more materials Simple printer Formlabs Quality printer Closed approach on what materials they will develop profiles for Recommended Digital Printer: Moonray Not bec

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 79 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guests: Tyler Yim and other students from Temple University   Watch full video of the interview by clicking here!   Questions: What is the most valuable resource you use when you were learning how to run a successful business and still use today? YouTube is a great learning source. Don’t be afraid to take risks. Failure is a great way to learn. Look to textbooks for dental education and model successful retail businesses for business education. Podcasts are another great resource. Look for CE outside the realm of dentistry. Did you utilize coaches and consultants as you were growing? Craig is a huge Tony Robbins fan. Suggests looking outside of dentistry. Pete and Craig share a coach to hold each other accountable. You never want to get to the point where you think y

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 78 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Trevor Maurer, President and CEO of Smile Source   Watch full video of the interview by clicking here!   Key Takeaways: Smile Source is not a DSO, it’s an affiliation of great dental practices. When presented with 4 logos,15% of consumers would choose services from “Dr. John Smith.” “Monarch Dental, Dr. John Smith” has a 22% preference. “Dr. John Smith, a Member of ABC Associates” has a 27% preference. “Smile Source, Dr. John Smith” has a 37% preference. Practice names do matter. Any affiliation above “Dr. John Smith” will carry significant weight. Fewer than 10% of current grads want to own a practice. That percentage goes up significantly after a few years practicing. When choosing a practice name, Trevor recommends having the dentist’s name in it somewhere as a

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 77 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Reese Harper, DentistAdvisors.com   Watch full video of the interview by clicking here!   Key Takeaways: There are big differences between fee-based and fee-only financial advisors. People assume “fee-based” means you only charge fees, but advisors who say they are fee-based generally also take commissions. Bad financial advice comes from product salespeople who get paid commissions. Good advice generally comes from people who get paid for their time, or percentage against an investment account. Make sure your financial advisor is disclosing ALL FEES UP FRONT. Everyone who is commission based have a strong conflict of interest. They are incentivized for pushing products that may not be in your best financial interest. Your financial advisor should be a register

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 76 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Elijah Desmond, Driven Dental Marketing & Smiles At Sea   Watch full video of the interview by clicking here!   Key Takeaways: The next Smiles At Sea cruise is in September, then there’s another in March. Changing someone’s smile will often change their whole life. Focus on life-changing moments. Finances are the #1 impediment to enrollment. Team mindset is #2, #3 is contact rate. Your team can develop mindsets about certain types of people that lead to not giving 100% for every patient every time. Go into treatment presentation with he mindset that EVERYONE offers opportunity. Offer multiple financing options so the highest number of patients can accept treatment. CareCredit is the go-to. Marketing is useless if your contact rate is low. Potential patients

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 75 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Reposted From: Dentistry Uncensored with Howard Farran   Watch full video of the interview by clicking here!   Key Takeaways: Statistics show that if new dentists work in a DSO for more than two years, the statistic probability is they’ll stay there for 7-10. About 70-80% of new dentists who go into DSO’s right after school will leave within two years. When everyone is pulling on the rope at the same time it creates better team alignment. People are always the biggest stressor in businesses. You’re always one employee away from starting the whole process over. Storybook leadership isn’t the most effective leadership. Real leaders come in all shapes, sizes, and styles. Patients are looking for experience. If your team is disengaged your results won’t be as good. Create a

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 74 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Shiven Gandhi, Atlanta Dental Spa   Key Takeaways: Right now, Instagram is everything. You’re either a consumer or a producer. The more you can get your mind around the fact that you’re a digital marketing company that does dentistry, the better your message will be amplified. The more attention you can get, the better off you’ll be. Ask yourself what kind of content you can put out that will attract the type of person you want to bring in. Don’t focus on creating content, focus on documenting. By doing that you have genuine stories, people will want to tune in to learn or because they are intrigued. Take photos, take videos, whatever you can put together. Write on your photos. Label things. Draw arrows. Make them engaging. Storytelling marketing is the futu

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 73 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Thor Conklin, Founder & CEO of Peak Performance Group   Watch full video of the interview by clicking here!   Key Takeaways: Before you can fix your business, you must decide first where you want to go. You have to figure out what’s getting in the way of your success, and what are the lynchpins to solving your problems. It’s generally stopping or removing something rather than adding something. Often, what we want most in life is what’s most painful for us to get. Gratitude is one of the biggest and best ways to improve your fulfillment. It’s about getting back to what’s really important to you. Meditation and gratitude should be the first things you do in the morning. Try writing everything down that you’re stressed about. You’ll already feel less stressed

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 72 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Jairek Robbins   Watch full video of the interview by clicking here!   Key Takeaways: 80% of workers feel stress on the job, 50% say they need help learning how to manage stress. This equates to 300B annually that it’s costing companies in the US. Job stress leads to accidents, lost work time, lack of productivity, etc. As a business, job stress is expensive. Lack of sleep breaks you down mentally and physically. To optimize sleep, look into various plants, blackout curtains, monitoring, and increasing movement during the day. No sleep monitoring device is perfect. Aim for perpetual movement vs short, intense workout bursts. Think about ways you force yourself to walk more in your office, even if it means redesigning your office layout. Get outside early in the mo

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 71 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Brian Colao, Dykema   Key Takeaways: Dentistry is undergoing a great evolution and a great consolidation. There’s also massive disruption within the workspace of dentistry. There’s a lot of fear out there, and it doesn’t have to be that way. A big part of the fear is lack of information. If you can understand what the changes are, why they’re happening, and what the legal options are, there is no reason to fear change. DSO’s allow dentist owners to sell their practice to the whole world, not just to another dentist in your state. If you’re a solo office, you don’t necessarily need to be a DSO. If you plan to grow and are looking for the largest buyout possible then a DSO setup will be a great benefit. After 3 offices you’ll generally see more favorable tax treatmen

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 70 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Drew Byrnes, The FFS Dentist Podcast   Key Takeaways: FFS Practices take courage and planning. The first one is the hardest. You’ve already got your proof of concept. It’s super important if you’re a FFS practice to really make sure you’re creating an experience. Your online reviews are the truest barometer of who you really are. Marketing should be fun, especially on social media. Recessions are hard to weather but also offer great opportunities for growth. Always be auditing for the patient experience. Create your culture and make sure you hire the right people for the right job. Your team has to come first. Treat them like your family. Support them and they will support you. Don’t let anyone who is toxic come into your business; patients or team. Marketing i

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 69 Hosts: Dr. Peter Boulden & Dr. Craig Spodak   Watch full video of the interview by clicking here!   Key Takeaways: A lot of general dentistry practices see a slump in the summertime. Kids are off school so parents focus more on their dental care. Boulden predicts what is done in March will predict business for April, May, and June. Cycles happen and they are normal. Oral surgeons tend to have busy months, so take advantage of those procedures. During downturns pay attention to pre-appointment rates. What % of your patients are leaving with another appointment scheduled? If you’re in the 90% range you have an iconic practice. Pre-appointment rates have the highest correlated number for profitability and overall practice size. Have your providers with high pre-appointment rates train those who are lower on how they

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 68 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Kyle Stanley, DSD, Speaker, Lecturer, Dental Expert   Watch full video of the interview by clicking here!   Key Takeaways: The Lip Factor – Dr. Stanley’s concepts regarding moving lips if needed. The lower third of the face has to be involved with smile designing. Dentists have a great opportunity to partner with plastic surgeons to create exceptional results for patients looking for facial changes. Oral surgery programs should include two roads; hospital and private practice. Bone sets the tone, but tissue is the issue. DSO mania is helping super high-end practices by differentiating them from “normal” dental offices. Rogue dentists can get away with terrible treatment in a way that medical doctors cannot. Dentists have to get away from what was being taught

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 67 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Gregg May, 10X Dental   Watch full video of the interview by clicking here!   Key Takeaways: The obstacles we overcome make us who we are. When times are tough it’s really easy to isolate. Seek out another dentist who you can talk with and commiserate with. The 10X Dental group is designed to fuse experience from old-school dentist with passion and new technology from younger, up-and-coming dentists. When dentists get challenged they tend to revert back to dental terminology. You’ve got to talk in plain English. Always use patient-friendly language. 10X Dental Group is also about sharing leadership skills. Accountability is key. You need people to hold you to the fire. Mastermind Groups are great for finding like-minded people to relate to and share best pract

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 65 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Scott Leune, Founder & CEO of Breakaway Practice & Dental Whale   Watch full video of the interview by clicking here!   Key Takeaways: Most DSO’s don’t allow for the dentist to work with them to continue growing their business. Breakaway Practice provides DSO infrastructure to provide partnership and value for practice owners. Breakaway Practice wants to take the best from corporate infrastructure has today and make it available to a private dentist through a partnership. Traditional DSO’s are a great benefit for new grads who want guaranteed salary with a lot of CE and ability to move around the country. Practice sale strategy all depends on the specific wants and needs of the selling dentist. Most Breakaway dentists are entrepreneurs who want multipl

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 63 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Dr. Mark Costes, Founder of Dental Success Institute   Key Takeaways: There’s no one right model for setting up a dental practice, it must be tailored to the owner’s goals and the specific geographic area. Boulden predicts the rise of the “Super GP,” a dentist who has skills and training to do more services than they have traditionally. Less will be referred out. Technology is allowing a wider range of dentists to practice a wider range of skills. “The grass is greener” is always psychology. Most dentists don’t have a business. If you’re not making more than 30% as dentist owner then it’s a glorified job.

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 62 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Uche Odiatu, keynote speaker, author, wellness expert   Watch full video of the interview by clicking here!   Key Takeaways: Uche integrates total health wellness within his busy dental practice. Probiotics are now acknowledged by mainstream medicine. Probiotics are live organisms that supplement your diet. If you’re eating the right food you don’t need probiotics, but up to 90% of people are not eating the right food. Probiotics have been proven to prevent sickness in trails with extreme athletes, so their benefits for anyone with a stressed immune system can benefit. 85% of CEO’s of Fortune 500 companies exercise 3-4 times per week. 15% of the average North American population exercises. Fit people have an attenuated response to stress. Keeping up with regula

Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!   Bulletproof Dental Practice Podcast Episode 61 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Garrett Gunderson, author & founder of Wealth Factory   Watch full video of the interview by clicking here!   Key Takeaways: Wealth Factory is a personal wealth management company with a specialized focus for entrepreneurs in dentistry. Garrett co-authored a new book, called “5 Day Weekend.” Look for it on shelves everywhere! “The 4 Hour Workweek” is more about outsourcing and frugality. “5 Day Weekend” focuses more on keeping more of the money you make, learning to make more money as an individual, growing your money, and investing back in yourself. Dentists got screwed with the new tax change because they’re service-based professionals. Dentists won’t get the pass-through deduction. Two major things when it comes to taxes: You should have an accountant to g