The Dentalpreneur Podcast w/ Dr. Mark Costes

Join Mark and Joshua as they unravel the secrets of scaling a dental practice to multimillion-dollar success in just one year. Delve into the world of story-driven marketing and learn about the importance of creating an authentic brand that resonates with your audience. Gain insights on work-life integration, sleep routines, and the power of wellness in business growth.

Live webinar with Dr. Brisky and Dr. Dhoon on presenting large treatment plans in dentistry. Strategies for increasing patient acceptance rates. Tips on transitioning to complex treatment plans. Financial screening for patients and optimizing treatment plans for better outcomes. Analyzing marketing campaigns, effective strategies, and insurance usage in dental procedures.

In this podcast, they discuss the complexities of dental practice sales, comparing holdco equity with joint venture models. They explore how a practice's value can surge during a recapitalization event and the risks involved. They touch upon the benefits of joint venture models and emerging hybrid options for practice sellers.

An insightful discussion on the evolution of Dental Service Organizations (DSOs) touching on the challenges of failed recapitalizations, the impact of rising interest rates on private equity investments, and the importance of choosing the right DSO partner. The episode provides valuable insights on deal structure, equity options, and operational history to help navigate the complex DSO sector.

On today's episode, we're joined by Ashlee Hirschfeld, the COO of the Dental Success Network (DSN), for a deep dive into the latest in dental practice management, upcoming educational webinars, and the most engaging topics within the DSN community. They kick off the discussion with an overview of the exciting webinars scheduled for February, covering topics from presenting large treatment cases to understanding the crucial numbers for your practice. Mark and Ashlee highlight the importance of these webinars for practitioners looking to enhance their skills and adapt to the current social and financial climate. The conversation then shifts to the benefits of DSN membership, emphasizing the substantial savings on dental supplies and services negotiated for members. Mark proudly shares that DSN's negotiated discounts often surpass those available through larger DSOs, underscoring the value of DSN membership. Answering community questions, Mark offers his expert advice on insurance verification, the criteria for hiring an associate based on patient numbers, and the metrics for evaluating hygienist performance. Each answer is tailored to encourage dental practitioners to analyze their practices' unique situations and make informed decisions. The episode wraps up with a reflection on the impact of dental mission work and the fulfillment derived from giving back to underserved communities. Mark and Ashlee's discussion underscores the importance of community, continuous learning, and the pursuit of excellence in dental practice management. Listeners are encouraged to participate in the upcoming webinars and events to further their knowledge and connect with like-minded professionals. For more information on the Dental Success Network and to join the community, visit their website and explore the resources available to help dental practices thrive. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

The podcast delves into tax planning for dental practitioners, discussing using luxury items as business expenses, the Corporate Transparency Act's impact, leveraging the 1031 exchange in real estate, and the benefits of real estate professional status. It emphasizes compliance, like-kind exchanges, and paying quarterly estimated taxes on time to avoid penalties.

On today's 2-part episode, we delve into the realms of taxation and financial strategies for dental professionals. In this episode, we're joined by Brent Saunier and Chris Sands, the founders of Profi 2020, Marks' personal CPA firm. As regular contributors to the podcast, Brent and Chris offer their expert insights on taxation changes and strategies that could significantly impact dental practitioners. One of the highlights of this episode is the discussion on the Tax Relief for American Families and Workers Act of 2024, a piece of legislation that could potentially extend 100% bonus depreciation through the end of 2025. This could mean significant tax savings for dental practitioners who have made or are planning to make substantial investments in their practices. We also dive into the intricacies of cost segregation studies, a strategy that can lead to substantial tax deductions for those who own their dental practice buildings. Brent and Chris explain how these studies work, the potential benefits, and the importance of timing when making such investments. The conversation takes a turn towards the practicalities of dealing with IRS audits, sharing insights from a recent audit experience and strategies for minimizing the risk of triggering an audit. They shed light on common red flags, including the home office deduction and the use of cars within the business. For dental practitioners looking to optimize their tax strategies and navigate the complexities of IRS audits, this episode is packed with valuable information and actionable advice. To learn more about Profi 2020 and how they can help you with your taxation and financial strategies, visit their website. Stay tuned for more insightful episodes aimed at helping you grow your dental practice efficiently and effectively. EPISODE RESOURCES www.profi2020.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Dr. T discusses visualization in sports and daily life, compassion fatigue, and the impact of compliments. The podcast explores mindset, performance enhancement, patient resistance in dentistry, and personal growth through inspiring conversations. It also touches on brain response to fantasy, seeking assistance for growth, and future collaborations for dental practice success.

Dr. T shares insights on mental health and resilience, applying sports psychology to professional success. Strategies for overcoming mental blocks in athletics and careers are discussed. Join the Mindset Training Institute for mental fitness resources. Stay tuned for part two for more on competitive sports mindset.

On today's episode, we have the concluding part two of our enlightening crossover episode with Dr. Desiree Yazden from the Social Dentist podcast. In this episode, we delve deeper into the operational aspects of running a successful dental practice. Dr. Yazden and Mark dissect the importance of understanding the cost per procedure to ensure financial health and discuss the critical role of leadership and team engagement in effectuating change. They emphasize the power of regular, focused meetings in keeping the team aligned and nurturing a positive practice culture. Additionally, they explore how demographic research plays a pivotal role in choosing the right market and location for your practice, alongside strategies for boosting revenue and efficiently managing overhead to maximize profitability. If you haven't caught up with part one, now is the time to do so before diving into this insightful conclusion. Enjoy this episode, packed with practical advice for enhancing your dental practice's success. EPISODE RESOURCES https://www.truedentalsuccess.com/2024-dental-success-summit https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast