The Shared Practices Podcast - Archives

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com "Spidey" is a new grad and even newer owner. Having seen huge growth early on, his superhero luck is running out. He loves his team, and wants to grow into a space next door. But if he grows now, he would just be growing his front desk problems. Will he fix his front desk problems *before* growing.   Dandy Labs:...

Andrew and Steven deconstruct our beliefs and preferences about business partnerships. Is having multiple owners always better? Should one partner have a controlling interest? And when would a partnership NOT make sense?   *** Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dandy at MeetDandy.com/SP.  If you use this link you'll also get $250 in lab credits for free!

📢 With new-grad ownership now being next to impossible, and Austin having perfected the Dentures & Implants model, Shared Practices saw a disctinct opportunity. Now, industry consolidation meets equity, as George explains what he and 5 others sacrificed to introduce this equitable solution for young owners.   *** Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dandy...

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Randy's practice is turning the corner from startup to actual mature practice with recall patients. Will he remove himself from as many operations as possible? We talk about training (and TRUSTING) your team.   *** Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dandy at MeetDandy.co...

Our anonymous guest Inigo Montoya is asking us to prepare to buy. With his wife finishing her physician training, he's in his early stages of settling down where he wants to live. With our very own Dr. Matt Ford by his side, he learns about what terrible hygiene production looks like on paper, learning more clinical skills to match the selling doctor's production, and spotting huge A/R issues. ***...

Richard introduces us to Tyler Aten. Together we offer a taste of what's normal for mastermind members: community, revealing each other's blindspots, and celebrating victories. As soon as Dr. Aten was a member of our Mastermind, we knew we had to have him on the show. Today it's all about getting the proper practice loans, multipractice headaches, and what to do when you can't expand. Reach Tyler...

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com "Randy" is half of husband-and-wife dental duo. With a new practice, in a desirable community with a new part time associate...what's not to love? We hear Suzanne lay out a fantastic strategy. But can Randy stop being a helicopter owner and give the associate room to take the reins?   *** Dandy Labs: if you want...

Is there a perfect time to introduce yourself to your new staff? Or to make big changes in the office? Should the staff know the owner is selling before you meet them? Dr. Matt Ford joins Andrew to tell us the ins and outs of helping the staff navigate the massive changes that happen during your acquisition.     *** Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dand...

Teams dread morning huddles because they've probably never had a real or effective one. Both fans of the morning huddle, Matt and Alex talk about reasons people avoid these quick informal meetings like the plague, and why you're probably wrong for not having them daily.   *** Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dandy at MeetDandy.com/SP.  If you use this l...

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Elon bought a decent sized fixer upper practice. Skewing on the older side of dental school graduates, Elon has masterfully married his clinical skillset with the needs of this patient base. Is Elon going the direction of super solo practice, or can he squeeze a group practice into 5 operatories?   Dandy Labs: if...

Are you overcomplicating your career starting line? Steven and George revisit the basics of vision: What kind insurance model do you want? Where do you want to live? We also dive in on how our Analytics-based Pre-Ownership discussions answer all this, plus way more.   Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dandy at  MeetDandy.com/SP .  If you use this link yo...

Back by popular demand, Dr. Megan Timm joins our Coach's Corner today. Our coach Caitlin Shoemaker, along with Dr. Timm's office manager Kellie Bear also join. Kellie will help us dig up all the dirt on how Dr. Timm managed to buy two practices at once, and adding a third...all right out of dental school. This energetic crew helps us dissect Dr. Megan Timm's profitable approach!   Dandy Labs: if y...

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Is it better to overpay for a high-performing practice, or get a great deal on a small practice? Today, our guest Elon puts this to the test. After feeling ready for ownership by his 4th year of dental school, he eventually found a 5-op practice. He's brought the production up 2X, but will that be enough?

Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs 30k), sign up with Dandy at  MeetDandy.com/SP .  If you use this link you'll also get $250 in lab credits for free!   "I've not talked to a lot of dentists who haven't started with 3, 4, or 5 clinical days per week", Andrew admits. At some point, you are going to have to rely on your clinical skills for a little while. Residency, CE, clini...

George and Alex received a question during our Pre-Owner Mastermind, and now pose it to our audience: Should you grow if you're happy with where you're at? "If you are a cog in the operations of your practice, you are not ready for multi-practice ownership", says Alex. Is it as simple as that? They dissect their own "right answers" now.   Dandy Labs: if you want a FREE 3Shape TRIOS scanner (costs...

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Suzanne calls out Dr. Nova's metrics and gives exact courses of action. Helping cash-pay patients accept larger treatment plans, transitioning from one to two hygiene columns, and how to be firm on collecting A/R while still helping those patients come back.

"Do your due diligence". Steven Beard and Dr. Matt Ford explain exactly how. You could spend days and days doing due diligence before buying. But these two break down what's most important. Plus, a primer on EBITDA.

Richard introduces us to his peers--and friends--Todd Haskin and Christopher Vanderpool. Together we offer a taste of what's normal for mastermind members: community, revealing each other's blindspots, and celebrating victories. Today it's all about cutting the fat out of your systems, watching your practice grow, and accepting change.

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Dr. Nova always wanted to be a productive solo. But now that she has a few months' experience as a practice owner, she's considering bringing on an associate. Suzanne uncovers Dr. Nova's desire to be busy without working around anyone else's schedule. Can Suzanne help her pivot her vision without sacrificing her...

Longtime listeners and bingers get hooked on Shared Practices from Season 2 on valuation. While our early seasons withstand the test of time, Steven and Andrew help refine the focus of valuation as we learn: Evaluation > Valuation. Every time. Steven@SharedPractices.com Andrew@SharedPractices.com

What are the only two things that drive a practice? What are you wasting your resources on that are not those two drivers? Matt and Alex lay out the common setbacks of practice growth--and how to bypass them.

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Alex presents a sneak peak into some of the coursework we offer. In the second portion of Richard's interview with Morgan from Provide (formerly Lendeavor) we get nitty gritty. Grab a pad and paper, rewind, pause, and soak this in. How to structure your loan, how to navigate pre-payment penalties, and we even tou...

"Jordan" found a five-operatory, solo-doc practice in an ideal area. With it not being a fixer-upper, and it collecting $900k, it's ticking all the boxes for him. But Dr. Matt Ford reigns him in and talks about seller financing, how to keep a fire under your lender so they give you what you want, and when to just go for it.

Richard welcomes back Dr. Megan Timm. In today's Brain Trust roundtable, Megan shares why she knew she was going to be an owner right out of school, how she found her current practice(s), and why hygiene openings are her absolute best friend.

To be an anonymous guest on Practice Under Water, contact Suzanne@sharedpractices.com Alex presents a sneak peak into some of the coursework we offer. In this episode, we hear Richard interview Morgan of Provide (formerly Lendeavor). In an astonishingly transparent interview, Morgan shares how to shop around for financing (even though he prefers you use Provide), why prevailing wisdom could almost...