Private Practice Startups: Purpose Over Paychecks with Jayme Amos

Jayme Amos joins us today to drop some much-needed wisdom bombs about private practice startups and why now might just be the perfect time to seize on a startup opportunity. One of the original dental podcasters, Jayme is a best-selling author, an expert in building practices, and the founder of dentistry’s most popular website for opening dental offices.

Listen in as he shares how to know whether you’re ready to open a practice, what purpose (and not a paycheck) should be the driving force behind your intention, and how to embrace the identity of CEO to lead a team, build a culture, and cast the vision of the practice. If you’re a young associate or have been toying with the idea of starting your own private practice, this episode was made for you.

Key Quotes:

  • “Running a business can be an endurance game.”
  • “If you show up every day and it’s just about a paycheck, and it’s not about purpose, you’re not going to make it.”
  • “If you have the purpose established, you can instantly be respected as a community leader.”
  • “The first step is super important, and that’s defining the vision.”
  • “Let’s figure out what would make you happy because I know a lot of people with really low overhead percentages who are really unhappy.”
  • “If the disease is fear, the cure or the antidote is trust.”

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Dr. Jesse Green on Setting Clear Values and Leading with Contagious Vision

Dr. Jesse Green on Setting Clear Values & Leading with Contagious Vision

It’s one thing to have a vision for your business and it’s a whole different thing to be able to cast that vision in a way that it is taken on and carried out by your team. Dr. Jesse Green drops by the show today to share his journey through practice ownership and how it has evolved into a passion for the dental entrepreneurial community. He gives us some great actionable advice on how to improve your leadership and entrepreneurial skills in a way that will take your practice to the next level.

Jesse really emphasizes the importance and value of not just having a vision but making sure you are communicating it effectively. He also discusses hiring and how there should be systems in place that make things easier for day to day tasks but don’t take away from the personality and flexibility of the business. Jesse also gives us great tips regarding leadership, financial intelligence, case presentation and marketing techniques.

Key Quotes:

  • “I really applaud the people who get out there and give it a red hot go because running a business is not for the faint-hearted.”
  • “Being a great dentist is, I think, an important part of being a good business owner but it doesn’t guarantee success.”
  • “I found myself running a digital marketing agency for dentists which was fantastic. I learned so much about true business that I never learned through traditional practice management programs.”
  • “Some of the best lessons I’ve ever learned have been outside of dentistry.”
  • “We sometimes think the dentist industry is somehow different or special to other businesses but the same principles apply.”
  • “People say you hire for attitude and you train them on the job but if that’s true, you need to have some dedicated training processes in there as well.”
  • “The really important thing when it comes to leadership is: Creating a clear vision, enrolling people in that vision, holding the standard, and living the standard.”
  • “The growth of the business will never outstrip the growth of the leader.”

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The Road to Ownership with Dr. Craig Smith

The Road to Ownership with Dr. Craig Smith - Relentless Dentist Podcast

Most people have inspirations and wise leadership in their life that helped point them in the right direction with their career. Dr. Craig Smith credits his parents with instilling wisdom of finances and business from an early age. He joins us on the show to share his journey to finding his passion for dentistry all the way until now where he is the owner of his own general practice and the developer of Dental CE Network.

Craig shares what initially drew him into the dental industry and what priorities in his life helped him to decide his path and where to put his focus. He also shares the steps he took to get to ownership and discusses some issues and roadblocks he had along the way. He talks about his hesitance to buy a practice and weighs the positives and negatives of partnerships.

Finally, Craig talks about how he started the Dental CE Network and why he decided to get involved in that area. He casts a great vision for revolutionizing how, where and why dentists can get the continuing education that they want and need.

Key Quotes:

  • “We don’t look backward for very long. We keep moving forward, opening up new doors and doing new things and curiosity keeps leading us down new paths.” – Walt Disney
  • “You put yourself on an island and begin to measure yourself by a standard that’s impossible to achieve.” – Dr. Dave
  • “Effort and intentions sometimes don’t always go how we wished but as long as we’re not intentionally cutting corners and trying to maintain high value for our patients, then we can all sleep well at night.” – Craig
  • “You remember more of where you’ve been and what you’ve seen than what stuff you’ve had.” – Craig
  • “Wouldn’t this be great if there was one site where you can just type in the address and see if there’s any CE courses?” – Craig
  • “If I would’ve believed in myself, I would’ve gone and purchased a practice earlier.” – Craig
  • “If we pull away and do something different, it allows us to enjoy dentistry when we have a little time away from it.” – Craig

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Passion Focused Dentistry with Dr. Mike Grossman

Passion Focused Dentistry with Dr. Mike Grossman - RD PodcastThe pressure on dentists to be able to do all types of procedures and do them excellently could be hurting the profession and your practice. Dr. Mike Grossman joins us on the show to share his wisdom and insight about how he found his own niche that has allowed him to focus his efforts and be more effective.

Mike also talks about the way he leads his businesses by using delegation and helpful guidance as a way to make things run smoothly for everyone. He also shares his experiences starting out in the career, who guided him along the way and how he ended up as an owner. We also discuss time management and the importance of pursuing progress rather than perfection.

Key Quotes:

  • “Find the one thing, even if it’s fillings, that you’re excited about and run with that.”
  • “If you’re creating value and you’re enjoying it, then the financial rewards will follow.”
  • “Delegating is trusting people to do the right thing and having them understand that you’re there as a support not as a boss.”
  • “There is that surprise no matter what, whatever discipline, whatever niche procedure you dive into when you first start.”
  • “There’s a huge push for dentists in general that they feel like if they’re not doing implants especially, but implants and every aspect of dentistry, and doing every aspect of dentistry well, then they’re not doing it right.”
  • “I like to really focus in on what excites and motivates me professionally.”
  • “The trap is definitely getting into the habit of always comparing yourself to other dentists who are doing XYZ.”

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Power up your Practice Ownership with Jayme Amos

Quotes & Notes:jayme

  • You know you are ready to do a startup when you look in the mirror and know you are ready.
  • A startup is not right for most, because a startup is complicated and it is challenging.
  • Are you a born fixer or a born creator?
  • If there are things, even outside of practice ownership, that are important to you in life, go do it.
  • We always say that a soon to be start up doctor should be very, very intense and intentional about what they want.

One of the most compelling tools is what we call the ideal patient. If we know exactly the kind of patient that you can serve best and you want to be caring for, then we can try to attract those kind of patients.

  • We go into three different categories: personal vision, clinical vision, and financial vision.
  • There are as many different clinical preferences as there are dentists in this world.
  • Pretty buildings are not all they are cracked up to be in dentistry.
  • There are really good banks that are great at specific startup visions.
  • I think it needs to be at least 2000:1 (patient to dentist ratio) to create a little bit of a safety net.
  • Your landlord, I believe, is much more important than the dollars per square foot or even the town you are in.
  • I am a bit of a contrarian, but I think signage doesn’t matter at all, unless you have amazing signage.
  • If you believe you need say five operatory then each operatory should need on average between 400 to 450 sq feet.
  • Having a break room when possible is that important.
  • When possible you should have a sterilization center that has an in and an out.
  • You can get a free copy of Jayme Amos’ book Choosing the Right Practice Location, at howtoopenadentaloffice.com/free.

If you would like to contact Jayme Amos or find out more, you can go to idealpractices.com and listen to his podcast. If you would like to apply to have Jayme and his team help you with a start up practice you can go to howtoopenadentaloffice.com/apply.

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