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Boring Businesses
Building an Empire of Dental Practices - Dr. Peter Boulden
Sep 18, 2024
Dr. Peter Boulden, owner of eight dental practices in Atlanta, shares his journey from solo practitioner to multi-practice owner. He discusses the 'McDonald's Model' for scalability and the nuances of dental roll-ups. Boulden emphasizes the importance of recruiting top talent and creating effective operational systems, highlighting financial metrics like EBITDA for assessing practice health. He also dives into the risks of mercury in dental fillings and the significance of clear communication in partnerships, all while offering insights on vision and accountability in growing a dental empire.
01:18:40
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Quick takeaways
- Dr. Peter Boulden shifted from solo dentist to entrepreneur by adopting a McDonald's-like model to scale his dental practices.
- He advocates for creating strategic partnerships with dental professionals, allowing them ownership while improving operational efficiency.
Deep dives
Overcoming Adversity to Drive Growth
A serious accident led to a pivotal realization about the nature of the speaker's dental practice. After breaking his collarbone and facing an enforced six-week hiatus from work, he recognized that his practice depended entirely on him. This sparked a desire not just to improve his clinical skills, but also to foster true business growth that didn't rely solely on his personal presence. Consequently, he became motivated to adopt a more entrepreneurial approach, akin to the McDonald's model, focusing on expanding real estate holdings and creating sustainable dental practices.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode