Buletproof Dental Practice Episode 313

Hosts: Dr. Peter Boulden & Dr. Craig Spodak

Guests: Dr. Trey TippitDr. Dwight Peccora

 

KEY TAKEAWAYS:

·          Craig's interest in social media content and dental discussions

·          Questioning the purchase of 7% of a dental practice for $500,000

·          Examination of the math behind company valuation

·          Discussion on dentists' retirement savings and early retirement

·          Trey's questions about investment returns and the value of a $500,000 practice

·          Comparison of fractional ownership and traditional practice buying

·          Identifying risks and success markers in practice ownership

·          Evaluation criteria for dental practice investments: yield, appreciation, downside protection, and tax efficiency

·          Craig's 10yearold dental practice undergoing interior remodeling

·          Initial low yield expectations for the investment

·          Projected appreciation in the second and third years

·          Value of dental practice real estate with longterm leases

·          Discussion of return on capital and tax efficiency

·          Benefits of investing in a new facility for organizational profitability

·          Importance of a clear evaluation framework and vision

·          Challenges and benefits of being social and patientoriented

·          Introduction to an acquisition opportunity for discussion

·          Costs associated with acquiring a dental practice

·          Trey's approach to negotiating deals and profits

·          Exploring the entrepreneurial profit and purchase price

·          Building relationships with bankers for safe leverage and returns

·          The role of EBITDA in arbitrage and economies of scale

·          Sharing experiences with new and existing practices

·          The evolving perspective on entrepreneurial freedom and growth

·          Managing risk and expanding the business through strategic partnerships

·          Success leaves clues, referencing Peter's routinesclubs.com website

·          Insight into Peter's daily routine and health tips

·          Information about Peter's morning routine

·          Dentistry's need for successful role models and influencers

·          The challenge of aligning choices with one's desired lifestyle

·          Peter's creation of a custom bulletproof GPT vector database

·          The podcast's purpose in gathering diverse data and insights

 

 

References:

Bulletproof Mastermind

Bulletproof Summit

Mighty Networks: Bulletproof Dental Practice