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Bulletproof Dental Practice

Craig's FB Drama, Investment Framework, Acquisition Evaluation, Routines.club

05 Sep 2023

Description

Buletproof Dental Practice Episode 313 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guests: Dr. Trey Tippit & Dr. Dwight Peccora   KEY TAKEAWAYS: ·          Craig's interest in social media content and dental discussions ·          Questioning the purchase of 7% of a dental practice for $500,000 ·          Examination of the math behind company valuation ·          Discussion on dentists' retirement savings and early retirement ·          Trey's questions about investment returns and the value of a $500,000 practice ·          Comparison of fractional ownership and traditional practice buying ·          Identifying risks and success markers in practice ownership ·          Evaluation criteria for dental practice investments: yield, appreciation, downside protection, and tax efficiency ·          Craig's 10yearold dental practice undergoing interior remodeling ·          Initial low yield expectations for the investment ·          Projected appreciation in the second and third years ·          Value of dental practice real estate with longterm leases ·          Discussion of return on capital and tax efficiency ·          Benefits of investing in a new facility for organizational profitability ·          Importance of a clear evaluation framework and vision ·          Challenges and benefits of being social and patientoriented ·          Introduction to an acquisition opportunity for discussion ·          Costs associated with acquiring a dental practice ·          Trey's approach to negotiating deals and profits ·          Exploring the entrepreneurial profit and purchase price ·          Building relationships with bankers for safe leverage and returns ·          The role of EBITDA in arbitrage and economies of scale ·          Sharing experiences with new and existing practices ·          The evolving perspective on entrepreneurial freedom and growth ·          Managing risk and expanding the business through strategic partnerships ·          Success leaves clues, referencing Peter's routinesclubs.com website ·          Insight into Peter's daily routine and health tips ·          Information about Peter's morning routine ·          Dentistry's need for successful role models and influencers ·          The challenge of aligning choices with one's desired lifestyle ·          Peter's creation of a custom bulletproof GPT vector database ·          The podcast's purpose in gathering diverse data and insights     References: Bulletproof Mastermind Bulletproof Summit Mighty Networks: Bulletproof Dental Practice

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