Show notes
Kevin and Zach welcome Alan back to discuss the world of business and entrepreneurship within dentistry. They begin by reminiscing about their childhood "businesses," which leads to a discussion sparked by a conversation Alan had with dental entrepreneur Dr. Mark Costes. The group explores the idea that while dentists of their generation could often succeed with a simple practice, the current landscape of high student debt and large dental organizations demands a more business-minded approach. They debate whether an entrepreneurial spirit is something you're born with or can be developed, and they consider the differences between simply owning a practice, running a dental business, and being a true entrepreneur. The conversation highlights the wide spectrum of career paths available in dentistry today, from being a salaried associate to building a multi-office empire. In this episode of the podcast, hosts Kevin and Zach, along with guest Alan, dive into the world of business and entrepreneurship within dentistry. They begin by reminiscing about their childhood "businesses," which leads to a discussion sparked by a conversation Alan had with dental entrepreneur Mark Costas. The group explores the idea that while dentists of their generation could often succeed with a simple practice, the current landscape of high student debt and large dental organizations demands a more business-minded approach. They debate whether an entrepreneurial spirit is something you're born with or can be developed, and they consider the differences between simply owning a practice, running a dental business, and being a true entrepreneur. The conversation highlights the wide spectrum of career paths available in dentistry today, from being a salaried associate to building a multi-office empire. Key Takeaways Entrepreneurship is a Spectrum: Owning a dental office doesn't automatically make you an entrepreneur. The podcast outlines a spectrum from simply owning a job (a practice that only runs with you there) to having a true business that can function independently, to being a full-on entrepreneur who innovates and scales. The Changing Landscape of Dentistry: The hosts acknowledge that their generation of dentists came into the profession during a "golden age" with less debt and more opportunities for practice ownership. Today, with higher student loans and the rise of Dental Service Organizations (DSOs), younger dentists often need to be more business-savvy to succeed as owners. Technology and Business: The discussion touches on how technology, like digital dentistry and clear aligners, can be a business decision to add new services and level up a practice. This is presented as a way to evolve from a "drill, fill, bill" mindset into a more diverse and profitable business model. Dentistry as a Vehicle: The podcast concludes that dentistry can be a great field for entrepreneurs because it provides a high income that can be used to fund other business ventures, whether within dentistry (like teaching or consulting) or in completely different industries. Join the Very Dental Facebook group using the password "Timmerman," Hornbrook" or "McWethy," "Papa Randy," "Lipscomb" or "Gary!" The Very Dental Podcast network is and will remain free to download. If you’d like to support the shows you love at Very Dental then show a little love to the people that support us! -- Crazy Dental has everything you need from cotton rolls to equipment and everything in between and the best prices you’ll find anywhere! If you head over to verydentalpodcast.com/crazy and use coupon code “VERYDENTAL10” you’ll get another 10% off your order! Go save yourself some money and support the show all at the same time! -- The Wonderist Agency is basically a one stop shop for marketing your practice and your brand. From logo redesign to a full service marketing plan, the folks at Wonderist have you covered! Go check them out at verydentalpodcast.com/wonderist! -- Enova Illumination makes the very best in loupes and headlights, including their new ergonomic angled prism loupes! They also distribute loupe mounted cameras and even the amazing line of Zumax microscopes! If you want to help out the podcast while upping your magnification and headlight game, you need to head over to verydentalpodcast.com/enova to see their whole line of products! -- CAD-Ray offers the best service on a wide variety of digital scanners, printers, mills and even their very own browser based design software, Clinux! CAD-Ray has been a huge supporter of the Very Dental Podcast Network and I can tell you that you’ll get no better service on everything digital dentistry than the folks from CAD-Ray. Go check them out at verydentalpodcast.com/CADRay!