Executive Thinking with Jacob Puhl
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Bulletproof Dental Practice Podcast Episode 81
Hosts: Dr. Peter Boulden
Guest: Jacob Puhl, DEO Dental Group
Key Takeaways:
- Perspective on dental industry
- Operationalizing: Consolidation of the highly fragmented dental industry
- Practices are becoming legitimate well-run businesses
- Locations are going from a lifestyle business to cost & convenience
- Consolidation allows the easy button to be hit in the dental industry
- Create efficiencies in the practice
- Tendency is to open more locations but the goal is to expand your current location
- Duplicity of functions under 1 location is key
- Success Formula
- Just make what you’re doing is the best that it can be
- Instill sound principles and think like an executive
- 1 step at a time vs taking 10 steps
- Abundantly thinking towards next step
- Decide what your next best dollar is
- Open an extra 2 hrs/day, add specialties, reduce cost or raise revenue
- Nature vs Nurture
- Entrepreneurship can be learned by dentists
- The key is to know yourself and know what you’re capable of
- Have at least one business-minded person on your team
- Hire for your inadequacies
- Have a support system with like-minded people
- DEO
- Based on Mastermind Formula
- Focus on 3 things; grow yourself, grow your people, grow your business
- Entrepreneurship can be learned by dentists
- Operationalizing: Consolidation of the highly fragmented dental industry
References:
DEO 2018 Fall Summit – Should I Build, Sell, or Partner? Use code BULLETPROOF for $100 Off Registration
Mastering the Business of Practice by Dr. Marc Cooper
Tweetables:
Make what you’re doing the best that it can be. – Dr. Peter Boulden
Don’t shrink your way to greatness. – Dr. Peter Boulden
Grow yourself, grow your people, grow your business. – Jacob Puhl
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