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

References:

Scrum Methodology

DEO 2018 Fall Summit – Should I Build, Sell, or Partner?  Use code BULLETPROOF for $100 Off Registration

Dr. Marc Cooper

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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