Finding Opportunities in a New Economy with Tim Rauch

Finding Opportunities in a New Economy with Tim Rauch - RD PodcastsDentists have fought for autonomy and independence for so long, and due to the current pandemic, we are now seeing the upper limits of that fight. With most practices shut down completely except for emergencies, many dentists are seeing death to their identity as a result, but we have a great opportunity right now to hit the reset button. Today’s guest is going to take us through exactly what our world could look like once the shutdown is over, as well as the opportunities before us as we head into a new economy in our industry.

Tim Rauch has been on the show before, and he joins me again today to share great insight into how to leverage the opportunities of this unique situation, how to own the space in our practice and our community, and why the “less hours = less income” mindset is a fallacy. His advice will no doubt flip the script on chasing money at the expense of preserving memories and enjoying life, so you don’t want to miss it!

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Key Quotes:

  • “The opportunities are going to be for dentists who are good at connecting with other dentists.”
  • “The people who have a unique set of clinical skills will always be safer than the generalist.”
  • “There is a brighter future in giving people what they want and what they’re willing to pay for out of pocket.”
  • “A lot of dentists are seeing almost a death of their own identity at this point in time.”
  • “This is a reset opportunity to really acknowledge that some of the things that we do, like trading five days for two days of the weekend, may be a dumb pursuit.”
  • “You don’t want to completely trade today for a better tomorrow.”

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Following a Non-Linear Path to Success with Dr. Chris Green

Following a Non-Linear Path to Success with Dr. Chris Green -  RD Podcast

Do you feel like you don’t have your future quite figured out yet? Don’t sweat it. Being successful doesn’t mean you have to know every detail of where you’re going. The key is being willing to put in the work and keep moving forward. Just ask today’s guest, Dr. Chris Green.

A third-generation dentist and the owner of Green Dental Care, Chris says he’s still figuring out his vision, and he has accepted that the road to get there isn’t always a direct path. In this episode, he shares what he’s learned along his own non-linear dental journey, as well as the importance of knowing that finding your path to success can be a fluid process that you continue to figure out as you go.

 

Key Quotes:

  • “A smiling dental team—that’s the type of thing that can make up for a lot of flaws.”
  • “When we think about leadership and owning a practice, we think so much about first impressions. But last impressions are super powerful, as well.”
  • “Dentists a lot of times either put not enough focus on their practice or too much focus on their practice.”
  • “That’s the beauty of the profession: You can run a practice however you want and create a lifestyle. … It’s an exciting time to be a dentist in my mind.”
  • “One of the things that it took me a while to figure out is that if I was the most interesting or the smartest guy in the room, then I wasn’t learning or gaining anything.”
  • “Some of these practices just need new energy—they need a young, hungry dentist to get in there and be a little bit better of a leader and be a little bit better of a businessperson, and if you’re a lot of that, then the sky’s the limit.”
  • “For me, it just hasn’t been a linear road to get to the vision—I still don’t know if I have my vision totally figured out. It’s a fluid process. The more I know, the more I realize I don’t know, and as I learn more, I realize that there are many ways I would have done things differently, but you’ve just gotta keep plowing ahead.”
  • “The simple epiphany I had was that I could always make more money, but I could never make more time.”
  • “Sitting down once a year, or once a quarter, or however often to evaluate your vision, write it down and reverse-engineer how you’re going to get there—that will get you in the right mindset as to not expect shortcuts.”

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Creating the Career You Want with Dr. Josh Cochran

It’s no secret that building a successful dental career is hard work. But when that hard work gives you the opportunity to create the career and lifestyle you want, there’s no question that it’s worth it. Just ask Dr. Josh Cochran.

The owner of Dr. C Family Dentistry, Josh saw his share of hardships as he worked to build his practice from scratch. In this episode, he shares the most important lessons he learned along the way, as well as what he’d do differently if he had it to do over again. Listen in to hear how he overcame the major struggles he faced on his journey to success, his advice for dentists still building their careers, and what makes it all worth it in the end.

Key Quotes:

  • “As I’m building a business, I’ve learned how important core values are. … I don’t care how attractive an applicant looks, or a vendor to work with; if their values don’t meet mine, I’m just not interested.”
  • “Dentistry is like a clay you can mold to fit what you want, your life how you want to live it.”
  • “I went in with private practice doctors who were fantastic doctors—great with their patients, great with staff members, just the nicest people—but they didn’t have a model for growth and success, so I was kind of like that appendage attached to the practice, and not actually part of the practice.”
  • “If you can find a corporate gig where your morals aren’t feeling compromised, I think that’s the quickest path to success right out of school, and you’re going to do better financially.”
  • “As long as the practice you’re working for is patient-centered and not profit-centered, I think you can be very successful right out of school.”
  • “If you want the results, you have to be comfortable with the labor it takes to get there. … People ask me, ‘how do you work a three-day work week.’ Well, I started with 28 days a month.”
  • “Really figure out what you want—how you want your life to be, what your focus is—and then you can find the path to get there.”
  • “Customers, they want it all: the low price and the good service. And if you can differentiate yourself from the dental market by providing both of those—and convenience, as well … you’re going to be successful.”
  • “You’ve gotta trust your gut when you’re interviewing people and when you’re working with people, but you also need to be real clear about what your values are. That way, when someone starts to not follow your vision and your values, you can identify it and talk to them.”
  • “You don’t know what you don’t know. And so if you connect with other dentists in like an open forum where you can just chat … you’re going to see what else is going on out there, and you can get a really good feel for what’s available to you and where you want to go.”

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Active Duty to Private Practice with Dr. Russell Kirk

Active Duty to Private Practice with Dr. Russell Kirk - RD Podcast

There are many roadblocks presented when developing a dental career. From financial struggles to battling introversion and depression, Dr. Russell Kirk shares his journey through all of it. He talks about his valuable experience in the military, how he learned humility,  anger management, leadership, and how to prioritize the important things in life.
In this episode, Russell speaks in-depth about his military career and how valuable it was to his dentistry career and education. He also shares some struggles and issues along the way and how he overcame them and learned valuable lessons from each. Russell emphasizes the importance of a strong work ethic, self-responsibility, being open to criticism, and accepting help. Through developing these traits and practices he has become happier and more successful in his life and career.

Key Quotes:

  • “There’s a lot of, a lot of learning to do as soon as you get into practice.”
  • “The older I get, the smarter my parents and grandparents were.”
  • “Anything worth doing isn’t going to be easy. If you can outwork the other person, you can sometimes outwork talent.”
  • “The educational opportunities in the military are really robust.”
  • “Early in the game I liked to blame everyone else that things weren’t going right, and it was pretty frustrating,  and now I realize that at the end of the day it’s all on your shoulders.”
  • “A lot of us have similar stories and there’s variations but the underlying theme is,  it’s a tough profession and life is tough but there are other people out there and we’re trudging along and doing okay.”
  • “You get out here on an island by yourself and it’s easy to get discouraged and it’s easy to get frustrated then you go to a meeting or have a conversation like this and you come away with a little bit quicker step.”
  • “You have to stop being the victim and start being accountable for everything in your life.”

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