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Business of Dentistry

Dr. Russell Kirk is a private practice oral surgeon who is on a mission to help dentists succeed in the business and clinical aspects of practice ownership. On the podcast he shares experiences from his own practice. He also interviews influencers in the profession to get additional insights. His discussions focus on fixing broken business systems in dental offices, reducing overhead while maximizing profit, recognizing burnout and battling against it, building healthy teams, creating positive customer experiences, improving self awareness and mindset for dentists (in life and practice), and creating successful marketing plans. The Business of Dentistry features practical strategies for dentists interested in improving and growing their businesses.
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Now displaying: June, 2018
Jun 19, 2018

Reese Harper is the founder of DentistAdvisors.com. He started working in the financial service industry in 2003, and had several business owner clients. Over time, he realized that dental practice owners were really different from the rest.

Compared to his other clients, dental practice owners had a lot more financial questions, and seemed to be carrying more financial anxiety and stress. So Reese figured out that the generic solutions that the financial planning industry were providing to dentists were just not meeting their needs. Dental practice owners had a more complex financial picture, and that made him choose to work exclusively with them now.

Key takeaways:

  • Reevaluate your financial plan every year and make adjustments
  • How much wealth do you need to have in order to make work optional?
  • Avoid cash holdings, renegotiate your debt, and borrow against your own investments

Links:

Jun 5, 2018

This week I’m flying solo again. I share some practical tips that have helped me in my practice in the hope that you will feel prompted to make some changes as well.

First I talk about why I find documenting my protocols very important. All these steps are very intuitive now, but I got a lot out of just writing them down and sharing them with other people.

I also really think you should take a look at your credit card statements once in a while, because you might discover automatic payments that you completely forgot about.

Finally, I am currently looking at implementing the agile methodology in my practice. If you’ve already done that, I’d really appreciate your feedback. You can email me at drkirk@businessofdentistrypodcast.com.

Key takeaways:

  • Look at documenting your protocols
  • Consider reviewing your credit card statements quarterly
  • Bringing the agile approach to the team
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