by [email protected] | May 25, 2022 | Prescriptions for your Practice
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“I don’t know what a business is. All a company is is a bunch of people together to create a product or service. There’s no such thing as a business, just pursuit of a goal — a group of people pursuing a goal.” — Elon Musk
How do you approach your business, and how do you solve your business problems? The problem with the dental practice today is that most dentists, hopefully not you, are running businesses via assumption and conventional thinking. The usual way we conduct our lives is we reason by analogy with an analogy. We are doing this because it’s like something else did or what other people are doing.
In this episode, I will discuss Profiting from First Principles like Elon Musk. So if you want to conduct a “Knowing What I Now Know Analysis” on your practice, build a career that you enjoy, and benefit from non-conventional, fundamental truth thinking to gain an unfair advantage, tune in now!
Listen in and find solutions to common practice issues at Prescriptions for Your Practice.
If you enjoyed this episode, please share it with your dentist friends. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.
Key Quotes:
- “You’re smart enough to know, and as a D1 and D2, some of the things that you’re learning, you’re not going to do after you get your dental license.”
- “The possibility is that when you use first principle thinking, you ensure that you’re building a practice that best fits you. And it brings unique value to your community.”
- “Traditional thinking starts with limitations, and then you’re iterating and improving that existing path.”
- “If you just ask a typical dentist, what’s the purpose of your practice? They might say to fix teeth, to give patients back their confidence, smile, to restore oral health, something like that, right? But if you don’t have a customer, a client, a patient, the chair call, whatever you want, you don’t really have a business.”
- “All businesses are a reflection of their owner.”
Featured on the Show:
by [email protected] | May 18, 2022 | Prescriptions for your Practice
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“If people like you, they’ll listen to you, but if people trust you, they’ll do business with you.” – Zig Ziglar
Once upon a time, dentistry was one of the most trusted professions, and now it’s just not. We have patients who have been oversold, who have had unpleasant experiences, either as a child or in some other dental practice. To make things worse, they live in a low trust world, a very volatile, very divided world, and they bring that environment in with them along with the people who did trust you.
Want to increase your case acceptance in today’s low-trust environment?
Today, I present you with 7 Keys to Non-manipulative Case Acceptance. If you want to learn The Trustworthiness Equation and become the most respected dentist in town so you can win as a People-first Practice Owner, tune in now!
Listen in and find solutions to common practice issues at Prescriptions for Your Practice.
If you enjoyed this episode, please share it with your dentist friends. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.
Key Quotes:
- “You already know if your case acceptance is gonna be received as non-manipulative, you’re gonna have to be trustworthy, bottom line up front, or BLUF as they called it in the army.”
- “When it comes to case acceptance, it might be as simple as that am I imagining the world through their eyes? Do I understand their motives? Do I understand their apprehension? Do I understand the obstacles?”
- “My expectation, or my suspicion, is the rapid changes that we’re seeing in consumer behavior and our industry, where you have this kind of high volume DSO, metrics-driven mania will create a great separation.”
- “Priority was never meant to be a plural word.”
- “Transactions will make you a living; relationships will make you a fortune.”
Featured on the Show:
by [email protected] | May 11, 2022 | Prescriptions for your Practice
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Recruiting and retaining top talent is much harder than ever. We will address this issue in many different ways today.
As my mother’s day gift to you, I’m kind of throwing everything at you lots of tools and lots of food for thought. Deploy these right away.
Doc, do you want an unfair advantage in retaining top talent, increasing employee engagement, and encouraging high performance?
- If you want to avoid the pain and expense of replacing top team members,
- Understand how a stuffed rhinoceros can improve team morale, and
- Embrace the difference between recognition and praise so you can know how to create the best place to work in your community,
tune in now! We are going to recognize to rise.
Listen in and find solutions to common practice issues at Prescriptions for Your Practice.
If you enjoyed this episode, please share it with your dentist friends. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.
Key Quotes:
- “The key to retaining top talent, the key to increasing employee engagement, the key to encouraging high performance, it’s free. It’s all free.”
- “I would argue that you don’t invest in people that you don’t care about.”
- “I think the only real leadership is tough love. You kind of use the slider of when do I be tough and when do I pour on the praise? And when am I more loving?”
- “Most people don’t know what healthy conflict looks like, so you have to teach it to them.”
- “If you recognize you’ll rise.”
Featured on the Show:
by [email protected] | May 4, 2022 | Prescriptions for your Practice
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You don’t get results by focusing on results. You get results by focusing on the actions that produce results. — Mike Hawkins
Where’s your focus right now? At least 51% of our direction at all times should be on internal success. As a coach, my priority is on solo practice owners who want to be good at the craft and have a team that surrounds them that they trust that brings out the best in them. That brings out the best in the patient experience.
Doc, do you need a few tools that keep your focus on what’s important now?
- If you want to avoid distraction and elevate your practice owner confidence…
- Know why you’ll want a Definite Chief Aim like Bruce Lee…
- Show up as the type of dentist patients adore…
So you can develop the superpower of hyperfocus, tune in now!
Listen in and find solutions to common practice issues at Prescriptions for Your Practice.
If you enjoyed this episode, please share it with your dentist friends. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.
Key Quotes:
- “Typical dentists don’t want to spend all night and day on their business. They want a support team, but they don’t want the toxicity. They don’t want the gossip. They don’t want the drama. They don’t want the headaches. They want to focus on being a great dentist and providing a certain level of care to patients.”
- “Life and business go sideways. When we put more of our attention on external success than we do on internal success.”
- “The news is bought by marketers and designed to trigger our primal fear response, right? And they scare you so that they can sell you a myriad of things.”
- “You are the product. And if you don’t want to be the product, you need ways to stay focused and elevate your confidence.”
- “The subconscious mind drives the vast majority of our behaviors, and it needs to have guidance and direction. Or usually, the default setting is not good.”
- “When it comes to obsession, you want it to be something that’s embedded in your subconscious and it gives you direction in day-to-day life.”
- “From habit science, you need a cue, a behavior, and a reward to embed a habit to really leverage the automaticity of the habit.”
Featured on the Show:
by [email protected] | Apr 27, 2022 | Prescriptions for your Practice
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How would you explain your money story to me in one word? How would you define it, and where does the story come from? Once you’ve identified your money story, is it serving your practice or holding it back?
The great thing about a story is that you can change yours because it’s not based on fact.
When it comes to your dental practice, have you noticed that Dentistry’s Do-do Advice inhibits your practice growth?
- If you want to understand how your childhood profoundly impacts your income …
- If you want to know if you’re a Survivor, Hoarder, Disregarder, or Creator …
- If you want to move closer to your Ikigai so you can learn how to change your money story for fun and profit …
tune in now!
Listen in and find solutions to common practice issues at Prescriptions for Your Practice.
If you enjoyed this episode, please share it with your dentist friends. Don’t forget to subscribe to the show on iTunes to get automatic episode updates for The Relentless Dentist! And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the show’s ranking, and I make it a point to read every single one of the reviews we get.
Key Quotes:
- “Sometimes running a business is hard. Sometimes being an employer is hard. Sometimes just being a human on this planet is hard. But as you go on, as you create your mission and vision, make sure that you’re not leaving yourself out, and make sure that you are chasing what you love.”
- “Mastery takes time and effort.”
- “We are the stories we tell ourselves.”
- “Your money story has a profound impact on your practice.”
- “If I work hard, I get money, and hard work equals money. What happens if there’s not enough money? Does that mean I’m not working hard enough? Or does that mean I have a bad strategy?”
- “Once you get to the belief system level, a little shift creates a big impact, and that’s where the transformation comes from.”
Featured on the Show:
by [email protected] | Apr 20, 2022 | Prescriptions for your Practice
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When deciding whether to do something, if you feel anything less than “Wow! That would be amazing! Absolutely! Hell yeah!” — then say no. — Derek Sivers
As a dental practice owner, a CEO, CFO, CMO, all rolled into one, saying NO is a leadership MUST! It sounds counter-intuitive at first, but speaking from personal experience, the moment I learned to say NO, that’s when my practice grew, my relationships fostered, and my personal, professional, and overall well-being optimized. Now, the question is, when do you say NO?
In this episode, I will discuss the gigantic costs of complexity in your dental practice. So if you want to hack away at the unessential, know when to say no, eliminate worry and low-value work so you can be a much more effective owner, tune in now! Are you ready to become the CEO of NO?
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “You are your number one asset.”
- “If things are breaking around you or you’re breaking or burning out, then the business fails.”
- “From a psychological and neurological standpoint, we have to train our minds to pursue the things that are important to us. And part of that cycle is a reward.”
- “The problem that we’re addressing is that Western culture assumes that more is better. Wealth is about money and positions only, and consuming creates happiness.”
- “There are great things that come with the trappings of success. There are great things with being able to splurge and have nice experiences and nice things. But those are, in fact, partial truths. We have to make sure that we’re not falling into the trap of that mantra of more is better, and money equals success. We need a more robust, durable solution. That’s the full truth.”
- “I have experienced it firsthand as a practice owner. I’ve never met a dentist that cut back days and regretted it.”
- “There comes a time in your career that you must say no to things that irritate and anger you and inhibit practice growth bottom line.”
- “Appreciate that saying no is hard. So expect grief when letting go.”
- “Saying yes to less is the way out.”
Featured on the Show:
- Book: The Art of Impossible: A Peak Performance Primer, Steven Kotler
- Book: The 50th Law, 50 cent, Robert Greene
- Book: Mastery, Robert Greene
- Book: The Shining, Stephen King
- People: Henry David Thoreau, essayist, poet, practical philosopher
- People: Steve Jobs, inventor, designer, entrepreneur, and co-founder of Apple Inc.
- People: Bruce Lee, actor, and martial arts professional
- People: Derek Sivers, entrepreneur, founder of CD Baby
- Podcast: Is There An Enemy In Your Midst?, Dr. David Maloley
- I appreciate your feedback. Let me know what you learned and loved here: [email protected].
by [email protected] | Apr 13, 2022 | Prescriptions for your Practice
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Work is love made visible. And if you cannot work with love but only with distaste, it is better that you should leave your work and sit at the gate of the temple and take alms of those who work with joy. – Khalil Gibran
Every time I read this poem, only one person comes to my mind — my mother. She’s an embodiment of visible love. There are moments in my practice when I always think of what would be different if my mom was in charge? Well, my guess is, first and foremost, they would make every patient feel welcome — at least for most mothers.
So coaching question for you, how would you act if mom was on surveillance? If you were sure that all the moms that you adore, all those wonderful elders, you wouldn’t want them to be disappointed in you.
In this episode, I discuss why you should Lead Like A Mother and how to enthuse your clients to refer. If you want to
- combat the transactional tendencies in dentistry,
- operate less like the medical industry and more like the hospitality industry, and
- develop a culture of generosity and giving so your practice will grow in any economy …
Tune in now. And as I always say, take charge and lead — like a mother!
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “The less we’re like medical, and the more we’re like hospitality, the better off our practices are.”
- “The problem that we’re addressing is that dentistry continues to get more and more transactional. But this gives us an opportunity, right? If dentistry is going to get more and more transactional, relationships always win the long game.”
- “We’re not just seeding and treating patients. We’re taking care of them. And they know that work is love made visible. They feel that.”
- “Make every patient feel like they’re the only one on the schedule.”
- “People, their BS meter is on high alert now. And any sort of fraudulent words or fraudulent behavior, they start to get a little suspicious.”
- “Make every patient feel welcome, be generous, focus on lifetime value, and last but not least, do it right, or don’t do it at all.”
Featured on the Show:
by [email protected] | Apr 6, 2022 | Prescriptions for your Practice
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Most dentists struggle to find and retain solid employees — someone hungry, humble, and smart. This often leads to the temptation to settle for underperformers and allow culture-cancers to impact the team negatively. But the possibility is that you can have a deliberate process that helps team members understand that part of their job is always getting better at their job, constantly growing, and continuously improving.
This week’s theme is enhancing culture. In this episode, I discuss keeping underperforming employees from undermining your culture. So if you want to:
- have a deliberate process that helps team members understand that part of their job is always to be getting better at their job;
- know when to clarify, connect, coach, correct, and collide; and
- understand what makes an employee a subtractor and what makes one a divider so that you can enhance your culture …
you need to tune in now!
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “Our job as owners is to make sure that everyone, a hundred percent of the team, is either onboard or we have to get them out of the way.”
- “Let’s make sure that we’re moving further, faster in the direction that you really desire for your practice.”
- “You as the owner really need to double down your focus and not only be a role model of that focus but also become great at refocusing the team.”
- “Praise and constructive criticism only work well in the presence of clear expectations.”
- “Don’t assume that there is clarity. Verify, verify, verify.”
- “It’s important that everyone on the team check their ego at the door and understand that once they clock in, their job is to take care of one another and the patients.”
- “In times of uncertainty, communication should be more abundant.”
- “All of your team members should feel like you’re betting on their success all of the time that they’re working for you. And then make sure they believe that they can pull this off.”
Featured on the Show:
by [email protected] | Mar 30, 2022 | Prescriptions for your Practice
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“Remember to be careful when following the masses; sometimes the “M” is silent.” — Anonymous
Today’s problem that we’re discussing is that we live in a society looking for bandaid solutions, quick fixes, and magic pills. These things lead to a lack of accountability, leading to a lack of results — which I call the commodity trap. I don’t want you to be in a situation chasing down the masses and living to someone else’s vision and version of success and live the rest of your life in quiet desperation. Step into the possibility that we can all choose a mastery path.
In this episode, I discuss why the masses are asses. So if you want to:
- elevate your practice owner confidence,
- avoid the pain of being a dabbler, obsessive, and hacker,
- be the most sought-after dentist in town,
- know how to prioritize your skill stack for fun and profit,
Listen now! This episode is for you.
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “Lots of dentists are worried about the commoditization of dentistry, but those same dentists likely aren’t de-commoditizing themselves and working on elevating their confidence.”
- “The first move to mastery is not outward but inward — Robert Green”
- “You feel called to do certain things, or you have unique skills or unique strengths that aren’t common. They might be easy for you and really hard for somebody else. And you might get frustrated at somebody else.”
- “What we’re looking for in a dental practice is complementary strengths, complementary life’s tasks that help us synergize.”
- “The path to mastery is a windy road. Our vocation is a windy road. It is not a straight line. And so, we have to engage on this journey.”
- “Leadership and marketing are the ways that you multiply yourself.”
- “If you want fulfillment, and you want more money, and you want a better lifestyle, then the operative word is grow.”
Featured on the Show:
by [email protected] | Mar 23, 2022 | Prescriptions for your Practice
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I might hear you say, “That’s quite a statement, Dr. Dave.” Well, let’s put it subtly. If you’ve been religiously listening to my podcast, you’ve been hearing me say this countless times that it’s become my business mantra: “Practice isn’t limited by its opportunity; It’s limited by its leader.”
Let’s talk about the potential, the possibility that every practice owner can embrace a CEO’s mission held in one word — GROWTH. So let’s get into that whole growth idea and what it means to you as a practice owner at the beginning and end of every quarter because I think you should sit down at the end of every quarter and give yourself an hour — this is CEO time to ensure that you’re enjoying more and more cash flow.
Since we’re about to usher in Q2, we have a heavily-packed episode today in line with our week-four theme, enjoying cash flow. Today’s podcast will discuss the six questions you need to ask yourself every quarter. We’ll look into the five machines that create the macro system in your business. And lastly, we’ll dig deeper into three different angles to distill down your growth. So that’s a lot to chew on as you grow or die in Q2 of 2022. Let’s get started!
Tune in and find solutions to common practice issues at Prescriptions for Your Practice.
Key Quotes:
- “Status quo is a dangerous delusion.”
- “I don’t think a status quo is real. I think you’re either getting better or getting worse as a human, as a business owner, and as a business.”
- “Your mission is to grow on multiple levels.”
- “The concept of expansion is the natural desire of all mankind.”
- “If you’re trapped in “we are a dental practice,” you are more likely to be commoditized.”
- “When we’re planning for growth, we have to take into account that there will be obstacles and there will be challenges.”
- “The identity shift here is that this is not a dental office; this is a training and development company. If you run a training and development company, everyone is always getting better at their jobs.”
Featured on the Show:
- People: Sadhguru, yoga guru, and proponent of spirituality.
- People: Earl Nightingale, author.
- People: Denis Waitley, author, keynote lecturer, and productivity consultant.
- People: Travis Kalanick, co-founder and former CEO of Uber.
- People: Travis Bradberry, author, and co-founder of TalentSmart.
- People: Ed Mylett, podcaster, author, and keynote speaker.
- I appreciate your feedback. Let me know what you learned and loved here: [email protected].
