If you go too big, you’re locking yourself into an expensive lease that could limit your cash flow. If you go too small, you could stunt your growth and trap yourself in a space that feels tighter by the day. Healthcare providers face a crucial imperative to get it “just right” when they hunt for…
If a practice owner’s team is their most important resource, then managing that team effectively should be a top priority. Given the complexity of national employment laws and local requirements, the DIY approach to HR can pose a lot of challenges. In the event of an error – even an innocent mistake – a lawsuit…
With women now constituting more than 80% of veterinary industry professionals, the industry is radically different from last generation’s status quo. While there are more opportunities for women than ever before, female representation among hospital owners and executives still lags behind the curve. In this episode, we’re talking to Dr. Sarah Baker, DVM and owner…
Let’s be honest. It’s not every day that you have to hire an attorney. It can be an intimidating process filled with new jargon, details, and processes to which you may have never been exposed, and it’s also super important to get it right. In this episode, we’re speaking with Matt LaMaster, a Michigan-based healthcare…
Marketing is one of those things that’s easy to take for granted; that is, until you experience great marketing, and then it’s hard to live without it. But, in 2024, marketing is more than just mailers, social media, or ad buys. It can be all those things and more or — none of them. Most…
Nothing moves through a dental office faster than supplies. Managing inventory is a huge job with major impacts on the bottom line. If something runs out — work in the practice could grind to a halt. Far too often; however, the inventory management system is held together by one person, a ton of Post-It notes,…
“Only fools rush in.” It’s not just a wise dictum about falling in love. It’s also great advice for startup dental practice owners about hiring the right people. In today’s competitive employment market, it’s more important than ever to align your values with employees, offer them competitive compensation packages, and create room for them to…
David Harris has one of the most interesting jobs in dentistry. When office managers, staff members, or business partners steal from dental practices, it’s his job to uncover the embezzlement, stop the crime, and document the evidence needed to fire and convict the perpetrators. After doing that job for more than 30 years, he’s seen…
Be honest. Are you sick of hearing about the “seller’s market”? In current market conditions, it doesn’t seem likely that will change any time soon. If you’re hoping to achieve financial independence by purchasing a healthcare practice, it’s absolutely critical to put forward an offer that appeals to sellers and gets you to “accepted”. In…
From fresh-out-of-dental-school to mid-career-earner to aspiring-retiree, each phase of a dentists’ career is unique. Each phase requires a different approach to wealth management (if a dentist plans to thrive in their professional and personal lives). Picking a winning financial strategy doesn’t start with finding the right balance between your 401k and your Roth — according…