The Dentalpreneur Podcast w/ Dr. Mark Costes

Dr. Mark Costes discusses with Michael Lomotan, co-founder of the Dental Success Network, who shares insights from his transition from corporate biotech to dentistry. Topics include vendor negotiations, AI in dentistry, and the benefits of community involvement for dental practices.

Leadership, accountability, and effective communication are key to building a world-class organization according to Mark. Success requires periods of intense effort and sacrifice, with open communication being crucial. Keep business simple with focus on managing profitability. Measure and enhance less tangible aspects like leadership and culture. Mark shares personal journey to caution against measuring success solely by wealth accumulation.

On today's episode, we have another segment, in which Mark presents his presentation titled "Core Drivers of a World-Class Organization" at the Dental Success Summit 2024. In this segment of Mark's presentation at the Dental Success Summit, he encourages attendees to become clear on their goals for the weekend and beyond. Mark urges each person to identify the top three reasons they're at the event, as achieving these goals will mark the weekend as a success. For instance, goals could range from finding a business partner to mastering leadership skills or improving the culture within one's dental practice. Mark emphasizes the importance of understanding the value of one's time, particularly in relation to income goals. He presents a detailed analysis of how to calculate the worth of an hour of work if one's target is a million-dollar annual take-home income. This serves to highlight the need to delegate lower-value tasks and focus on high-impact work. The concept of a "time journal" is introduced, which helps participants assess the activities they should continue versus those they should delegate, based on the value they bring to their practice. Mark delves into the Asana Pyramid of Clarity to illustrate how to break down a big goal into actionable steps, ensuring clarity in what needs to be done to reach those objectives over time. Mark also discusses grit and talent, referencing Angela Duckworth's work on the subject. He posits that effort counts twice in the achievement equation, emphasizing that consistent effort can make up for a lack of natural talent. Towards the end of the segment, Mark challenges the idea that people have learned all there is to learn and pushes for continuous growth and learning. He describes the high attendance of the most successful individuals at mastermind meetings as a testament to their commitment to continuous improvement, regardless of their current achievements. He concludes by encouraging attendees to take advantage of the available resources and learning opportunities, not just to improve their business's financial aspects but also to develop in other areas of life, as represented by the four quadrants of success: mindfulness, meaning, muscle, and money. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode, we have a segment, in which Mark presents his presentation titled "Core Drivers of a World-Class Organization" at the Dental Success Summit 2024, he delves into the essential qualities that distinguish exceptional organizations. With over 5,967 years of collective dental experience in the room, Mark underscores that not all experiences are created equal, emphasizing the value of collaboration and a positive attitude over mere longevity in the field. He contrasts the downbeat energy of a larger, less proactive conference with the spirited, abundant mindset found among the attendees of the Dental Success Summit. Reiterating the infectious nature of negativity, he praises the smaller but mightier group before him, capable of enacting real change in the face of dentistry's myriad challenges. Mark discusses the importance of an abundance mindset versus scarcity, illustrating how the latter can stifle growth and collaboration. He moves on to the pivotal concept of personal accountability, touching on Jocko Willink's teachings on extreme ownership, which align with the summit's ethos of taking responsibility for one's actions. The talk then shifts to prioritized focus, where Mark cites Sam Altman on the power of focusing on the right tasks rather than merely being busy. He redefines the Mastermind Group's battle cry from "Get Shit Done" to "Get the Right Shit Done," stressing the significance of working smart over working hard. Wrapping up, Mark presents the stark disparity between the world's wealthiest individuals and the bottom billions, questioning the allocation of their most valuable resource—time. He closes with a powerful reminder that success and problem-solving at a high level are contingent upon effectively managing one's time, encouraging attendees to apply these principles within their practices and personal lives for unparalleled success. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Bestselling author and serial entrepreneur Aurora Winter shares insights on turning words into wealth by leveraging communication skills and book publishing. She discusses strategies for financial success, building a personal brand, and efficient book creation for busy professionals like dentists. Aurora emphasizes the importance of not just writing a book but also strategically marketing it to maximize revenue streams.

Dr. Deren Flesher discusses the significance of KPIs in dental practices, hygiene efficiency, supply management, and personal finance. He highlights the complexities of personal finance, investment choices, and the benefits of strategic tax planning. Dr. Flesher emphasizes the importance of starting financial planning early regardless of career stage, offers encouragement for those feeling behind, and advocates for diversification and balance in managing debt and seizing investment opportunities.

Dr. Mark Costes discusses the impact of team turnover on dental practices, emphasizing the financial costs and benefits of retaining employees. He highlights the importance of open communication, effective leadership, and addressing toxic behaviors within the team. Practical advice is given on creating a strong practice culture and defining leadership roles for organizational success.

On today's episode, we bring you insights from a 2019 mastermind session with Mark, as he unpacks the essence of leadership, self-discipline, and strategic goal setting. Anchored by a powerful quote from Dr. John Maxwell, Mark delves into the significance of leading oneself as the cornerstone of success in every facet of life. Listeners will gain an understanding of the importance of baselines, the Four Futures framework, and the continuous evolution necessary for personal and professional fulfillment. Show Notes: Mark kicks off with Dr. John Maxwell's wisdom on the pivotal role of leadership skills in achieving success and fulfillment. The theme revolves around leadership, self-discipline, and the art of execution, alongside the reasons behind procrastination and hitting ceilings of complexity. The criticality of baselines in goal setting, especially across the Four Futures: mindfulness, meaning, muscle, and money, is emphasized. A personal story highlights the necessity of difficult decisions in leadership for the health of an organization, touching upon loyalty and cultural assessment. An introduction to the Master Assessment Scorecard for personal development and business progress. Insights on recalibrating baselines, the evolution of belt classification in a dental practice, and managing fluctuating cultural assessment scores. A deep dive into maintaining awareness across all life quadrants, adjusting focus as needed without losing sight of overall progress. The conversation concludes with the call to continually develop leadership and self-discipline for growth across all Four Futures. Reflect on your own leadership journey and consider where you can tighten your self-discipline. Are your goals clearly outlined with actionable baselines? Remember, the journey to mastery is continuous, and recalibration is a part of the process. Share your thoughts and progress with us, and join the conversation as we explore how to lead a balanced, successful life. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode, we hop into the second part of this series, where Dr. Jason Tanoory gets into the nitty-gritty of effective communication and scheduling. Learn how routers and open dental chart notes can transform your practice's appointment setup. Discover the benefits of customized scheduling templates and the importance of adhering to daily appointment limits. Dr. Tanoory wraps up with sage advice on leadership, accountability, and the impactful consequences of scheduling decisions in dental practice management. Key Points Discussed: Enhancing patient satisfaction through clear communication and expectation management Structured scheduling systems for streamlined appointment organization Tailoring scheduling templates to individual doctors' needs for increased efficiency Implementing firm guidelines to maintain a stress-free, efficient practice environment Leadership's role in enforcing scheduling discipline and coaching teams for optimal performance Implement the valuable tips shared by Dr. Tanoory in your practice and witness the change in your team's dynamics and productivity. Remember to leave us a review and share your scheduling success stories inspired by this episode! EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode, we hop into the first part of a two-part series where Dr. Jason Tanoory delves into the art of balancing a bustling dental practice with personal life. With a focus on maintaining a high-performance team, Dr. Tanoory shares how maintaining personal interests, such as his passion for cold plunges, contributes to a well-rounded life. Listen in for strategies on efficient practice scheduling that optimizes productivity without sacrificing the human touch necessary for professional and personal growth. Key Points Discussed: Dr. Tanoory's journey to success in operating multiple dental practices Work-life balance: integrating personal hobbies like cold plunges Efficient scheduling techniques to maximize dental practice productivity The importance of generosity in fostering both professional and personal development Stay tuned for the second part of this series for more on structuring your practice's schedule for success, and don't forget to subscribe to our podcast for more insightful discussions with leaders in dentistry. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast