The Dentalpreneur Podcast w/ Dr. Mark Costes

On today's 2023 recap episode, Dr. Mark Costes and executive director Kay Lang discuss the significant growth and challenges faced by the organization, including the expansion of the Dental Success Network and the complexities of organizing live events amidst rising costs. A major focus is on their successful navigation through a demanding IRS audit for 2018 and 2019, underscoring the importance of a competent team and effective delegation. Dr. Costes shares his personal milestone of retiring from clinical dentistry to concentrate more on DSI and his ambition to expand the Smile Outreach International foundation. The episode reflects on the past year's achievements and sets a positive tone for future growth and community engagement. Thank you to our listeners and we look forward to bringing many more exciting episodes in 2024! EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

In this engaging podcast, Dr. Addison Killeen and Dr. Costes discuss optimizing dental practices and leadership. They explore the growth and impact of Dental Success Network (DSN), challenges in dentistry, and reducing overhead costs. The importance of setting realistic goals, personal development, and the concept of 'misogi' are highlighted. The podcast also covers cash flow management in dental practices and the benefits of collaboration and a personal assistant service.

Dr. Addison Killeen, co-founder of Dental Success Network, talks with Dr. Mark Costes about goal setting and time management in dental practices. They discuss the importance of setting clear goals, delegating tasks, and managing time effectively. Dr. Killeen shares insights on his diverse roles and how disciplined routines and habit stacking contribute to efficiency. Additionally, they explore business setup, selecting executive team members, and the challenges and growth of dental practices.

In this podcast, Kyle Francis discusses the evolving nature of the dental industry, consolidation trends, and the impact of increased competition among DSOs and private equity. He emphasizes the importance of understanding investment risks and making informed decisions. The podcast also touches on the rise of consolidation in the dental industry, the structure of deals, and the benefits of hiring a personal assistant.

On today's episode, join us as we delve into the intricacies of dental practice transitions with Kyle Francis, a seasoned expert in the field. With an MBA in finance and strategy, Kyle has founded Professional Transition Strategies, guiding over $2 billion in dental practice deals. His remarkable journey from potential Goldman Sachs recruit to a pivotal figure in dental consolidations offers unique insights into the world of dental practice sales, mergers, and acquisitions. Kyle Francis, an MBA graduate specializing in finance and strategy, shares his insights into the dental industry, focusing on practice transitions, consolidations, and strategies for successful sales. We explore his journey from considering a career in institutional capital to finding his niche in the dental world. Kyle discusses his approach to valuations, his experiences with various types of deals, and the evolution of the dental industry in terms of practice valuation methods. He highlights the impact of industry consolidation on practice value and the changing landscape of dental practice sales. Don't miss out on the continuation of this insightful conversation in tomorrow's Part 2 episode, where we'll dive deeper into the complexities of dental practice transitions with Kyle Francis. Stay tuned to learn more about the strategic aspects of selling or merging your dental practice, and the future of dental practice ownership in an ever-evolving industry. EPISODE RESOURCES professionaltransition.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode, we delve into an insightful presentation by Stephen Abrams on disability insurance for medical professionals. Our comprehensive discussion covers the extensive services offered by Doctor of Disability Insurance, focusing on disability and life insurance, coupled with full financial planning, all specifically tailored to the needs of those in the medical field. We explore Stephen's personal involvement with the medical community, understanding their unique professional challenges to provide more effective service. The episode also highlights the crucial role of having a responsive and reliable external support team for medical practices, emphasizing the importance of quick communication and dependable assistance. Furthermore, we dissect the intricacies of disability insurance for dentists, underscoring the importance of comprehending policy details and ensuring adequate coverage. Stephen shares his own experiences with disability insurance, offering real-life insights into its significance and effectiveness in unforeseen circumstances. We also tackle the vital aspects of contract language and terms in disability insurance policies, focusing on the importance of policies being non-cancellable, guaranteed renewable, and including true own-occupation language. For more valuable insights and resources on launching and managing a successful medical practice, be sure to check out The Practice Launchpad. EPISODE RESOURCES https://www.thepracticelaunchpad.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Dr. Justin Scott, guest on the Virtual Dental Office podcast, joins Dr. Mark Costes for a discussion on integrating technology into dental practice, leadership in dentistry, and the future of the industry. They also discuss managing virtual assistants, advancements in dental technology, and the impact of AI on dentistry. Additionally, they explore building rapport with patients, the trend of consolidation in dentistry, and the benefits of delegation and hiring an assistant.

On today's episode, we have insights from Debbie Dotson, the office manager behind some of the most successful dental practices led by Dr. Summer Kassmel in Colorado. Expect to dive deep into the flaws of typical dental onboarding, the importance of hiring aligned with core values, the necessity of a clear organizational chart, and the art of selecting a universal trainer. Debbie's 20-minute masterclass from our St. Louis mastermind meeting is packed with actionable advice, so grab your pen and paper—you won't want to miss a beat! Don't forget to join us at dentalsuccessnetwork.com to continue the conversation and access a plethora of resources tailored for dental success. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Dr. Weston Spencer, accomplished cosmetic dentist and dental partnership group co-founder, joins Dr. Mark Costes to discuss the future of dental practice consolidation and group partnerships. They explore the current state of industry consolidation and the ideal characteristics of a dental practice that would attract high valuations from DSOs and private equity firms. Dr. Spencer shares insights into SPP Dental Partners and their unique model that seeks minority partnerships with practices. They cover the benefits of joining a group like SPP and the investment opportunities for dentists within the industry.

Dr. Weston Spencer, an accomplished cosmetic dentist and dental partnership group co-founder, shares his journey in dentistry and growth strategy from single-tooth to comprehensive dentistry. He emphasizes the importance of patient engagement, building a team culture, and investing in staff. Dr. Spencer also discusses his innovative dental partnership group, SPP Dental Partners, and the growth and operational aspects of his own practice. Tomorrow, join us for the exciting conclusion to this insightful interview.