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Unleash Your Practice's Potential: Differentiation and Cash Flow Mastery

Unleash Your Practice's Potential: Differentiation and Cash Flow Mastery

FromBulletproof Dental Practice


Unleash Your Practice's Potential: Differentiation and Cash Flow Mastery

FromBulletproof Dental Practice

ratings:
Length:
65 minutes
Released:
Aug 2, 2023
Format:
Podcast episode

Description

Bulletproof Dental Practice Podcast Episode 308 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guests: Dr. Trey Tippit & Dr. Dwight Peccora Key Takeaways:  Business owners and leaders should set a clear vision for their teams to follow Investing in team development should not be feared, as it leads to better outcomes Differentiation strategies for dental practices - using Google Analytics, Google Tag Manager, and Google Search Console Understanding analytics and data migration is crucial for business success Personal runway and transparency in business negotiations The power of the multiple model EBITDA and its importance in dentistry Private equity's focus on cash flow and value impact Due diligence is crucial when buying a dental practice, focusing on patient numbers, tax returns, and economies of scale The significance of cash flow statements for tracking expenses and trends Leverage is a key factor in generating wealth, and financing depreciating assets should be considered carefully Reflecting on past financial mistakes is advised for better financial decisions Leverage can extend beyond debt and involves various types of balance sheets and financial analysis Arbitrage = the difference in prices for practices in different environment References: Bulletproof Mastermind Bulletproof Summit – Mighty Networks: Bulletproof Dental Practice
Released:
Aug 2, 2023
Format:
Podcast episode

Titles in the series (100)

Dentistry is evolving - Is your practice BULLETPROOF? Marketing. Systems. Leadership. Proven strategies to grow your practice with co-hosts Dr. Peter Boulden and Dr. Craig Spodak.