Brews and Tiny Teeth, The Unfiltered Pediatric Dentistry Podcast

How to Crush it as a New Practice Owner

Jul 4, 2023

Dive into the journey of practice ownership with insights from a seasoned pediatric dentist. Discover the benefits of owning a practice over being an associate and learn a simple recipe for success. The discussion includes crucial tips on office design, financial strategies, and the importance of mentorship. Uncover the 10 commandments for practice ownership and pitfalls that many dentists encounter. Plus, get inspired by the power of setting specific goals and team recognition in creating a thriving practice.

37:25

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Quick takeaways

Owning a pediatric dental practice provides significant advantages such as increased income potential, autonomy in decision-making, and retirement planning opportunities.

Establishing a successful practice requires careful planning, including a solid business plan, strategic location choice, and understanding key financial metrics for sound management.

Deep dives

The Journey to Pediatric Dentistry

A personal journey into pediatric dentistry emphasizes the value of early experiences and mentorship. The speaker's encounter with a pediatric dentist while working in an engine repair shop ignited his passion for the field, leading him to pursue a dental degree and residency. He highlights the significance of shadowing multiple practitioners to learn diverse techniques and practices, noting that understanding various operational styles can inform one's own approach. This experience reinforces the idea that aspiring dentists should actively seek exposure to different practices to build a robust foundational knowledge.

Navigating the Journey of Pediatric Practice Ownership

33min

Setting Goals and Taking Ownership in Pediatric Dentistry

5min

In this episode, Dr. Casey Goetz gives a virtual lecture to a group of pediatric dentistry residents discussing his journey through practice ownership. He reviews how he has been successful in a rural setting, how he designed and built his office, and general advice for those looking to either start or acquire a pediatric practice. Other topics discussed are the 5 benefits of practice ownership that associates don't have, a simple recipe for practice success, why taking out a practice loan and going further into debt is the fastest way to increase income and pay off student loans. He also reviews his 10 commandments for practice ownership and where many other dentists make costly mistakes.

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