• Success Strategies for Dental Practice Owners

  • Auteur(s): Stan Kinder
  • Podcast

Success Strategies for Dental Practice Owners

Auteur(s): Stan Kinder
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  • Résumé

  • Success Strategies for Dental Practice Owners hosted by Stan Kinder is an essential guide if you're a dentist looking to make strategic decisions about the future of your practice. Join Stan Kinder, a seasoned buyer-side broker specializing in Dental Support Organizations (DSOs), as he dives into the world of dental practice acquisitions and growth strategies. With a focus on helping dentists considering selling their practice or taking it to the next level, this podcast is a goldmine of insights and expert advice. Each episode features influential guests who are at the forefront of the dental industry, including dental consultants, marketing experts, successful dental practice owners, dental manufacturers, business consultants, and even renowned business and life coaches. Through in-depth interviews and thought-provoking discussions, Stan and his guests share practical tips, proven strategies, and insider knowledge to help you navigate the complexities of practice management and business growth. Whether you're contemplating retirement, seeking ways to maximize the value of your practice, or aiming to expand your dental empire, this podcast will equip you with the tools and information you need to make informed decisions. Tune in to Success Strategies for Dental Practice Owners and join a community of like-minded dentists who are committed to their professional growth and success. Whether you're a seasoned practitioner looking to transition or a young dentist with aspirations of building a thriving practice, this podcast is your go-to resource for invaluable information and guidance. Your practice's future begins here.
    All Rights Reserved Stan Kinder 2023
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Épisodes
  • Bonus: Discover the Future of Dental Navigation with Denscore

    Bonus: Discover the Future of Dental Navigation with Denscore
    Feb 19 2025
    What led Dr. Kyle Gernhofer from his military experience to creating Denscore? Kyle Gernhofer, a dentist and entrepreneur from northern Michigan, is the founder of Denscore, a direct-to-consumer dental navigation company established in 2019. Gernhofer's perspective on Denscore is deeply rooted in his commitment to enriching the dental industry by creating a platform that educates consumers about their dental care needs. Drawing from his vast experience in the field, including a stint in the US Navy and a decade of running a private practice in San Diego, he aims to make dentistry more accessible and comprehensible for consumers. This commitment extends to Denscore's business model, with strategic, non-dilutive investments and a strong focus on SEO strategies being employed to maintain the company's mission. Gernhofer's vision for Denscore is not just to aid consumers, but also to benefit dental practices by fostering a more informed patient base. Here’s what to expect this episode: Military experience in the US Navy provided Dr. Kyle Gernhofer with skills and confidence for dental procedures. Dr. Gernhofer's military experience led to his private practice and work at Denscore. Denscore analyzes user data to determine desirable dentists based on affordability, quality, and convenience. The Dental Practice Evaluation Algorithm evaluates dental practices based on experience, office hours, insurance participation, and payment plans. Importance of SEO in reaching a wider audience for the dental navigation tool and blog content. Denscore aims to enhance treatment decision support through AI learnings, work with DSOs, dental practices, and insurance companies. Connect with Kyle Gernhofer: https://www.linkedin.com/in/kyle-gernhofer-25abb8a/ Connect with Stan Kinder: https://www.everythingdso.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    31 min
  • Episode 66: Achieving Your Dream of Dental Practice Ownership with Aspen

    Episode 66: Achieving Your Dream of Dental Practice Ownership with Aspen
    Feb 12 2025
    "I just never thought in all my life that I would be not practicing dentistry with my hands and that I'd be working with others to help them fulfill their dreams of ownership." - Lauren McDonough Dr. Lauren McDonough, the Vice President for Practice Ownership Development at Aspen Dental, brings her rich experience as a former multiple practice owner to guide and mentor future dental entrepreneurs. She champions the idea that aspiring dentists should maintain an open mind and conduct thorough research when exploring opportunities, ensuring alignment with an organization that shares their values and vision. With initiatives like "Preparing for Ownership or Partnership" and Aspen Dental's Tag University, Dr. McDonough underscores the vital role of mentorship and development programs in fostering dentists' professional growth and success. Her leadership not only empowers dentists through structured courses and cutting-edge technology but also encourages them to remain driven and focused on their personal and professional goals. Here’s what to expect this episode: Dr. Lauren McDonough's journey in dentistry began as a high school dental assistant, eventually leading her to own multiple practices showcasing growth and success in the field. Aspen Dental offers programs to guide dentists through different stages of ownership, from preparing for ownership to expanding influence as a multi-practice owner. Desired qualities in potential practice owners at Aspen Dental include leadership, determination, hard work, openness to feedback, and partnership. Aspen Dental's ownership program allows dentists to fast track to ownership by joining an existing office or purchasing an established practice within the organization. Choosing to affiliate with a DSO or private practice should align with individual values, growth opportunities, and personal goals. Development, mentorship, and alignment with organizational values are crucial for early career dentists, with Aspen Dental offering programs like Tag University for ongoing development opportunities. Connect with Lauren McDonough: https://www.linkedin.com/in/laurenmcdonoughdmd/ https://www.dentaleconomics.com/resources/contact/14296210/lauren-mcdonough-dmd Connect with Stan Kinder: https://www.everythingdso.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    33 min
  • Bonus: Mutually Beneficial Business Agreements for Success

    Bonus: Mutually Beneficial Business Agreements for Success
    Feb 5 2025
    Matthew Odgers is a seasoned San Diego-based attorney recognized for his acumen in dental transactions within the dentistry field. With a rich background including eleven years of legal experience, studying political science and international law in China, and working at a war crimes tribunal in the Netherlands, he has spent the past seven years particularly dedicated to dental law. Odgers strongly believes in the importance of experienced legal representation during dental transactions, considering these to be significant, intricate deals that necessitate specialized knowledge. His perspective is shaped by his extensive experience representing both buyers and sellers in the dental industry and ensuring fair terms for associates. He also emphasizes the need for advanced negotiation of exit strategies, especially when selling to Dental Service Organizations, to safeguard the seller's interests in unexpected circumstances. This underlines his overarching viewpoint that astute legal expertise is crucial for navigating the complexities of dental transactions and securing favorable outcomes for all involved parties. Here’s what to expect this episode: DSOs often receive higher valuations but may require sellers to work back for a couple of years post-sale, impacting dentists' decision-making process. Understanding personal goals and objectives in the transition process is crucial for achieving desired outcomes in dental practice transactions. Negotiating fair terms in business transactions is essential for maintaining goodwill, preventing future issues, and achieving long-term success in professional relationships. Conducting due diligence on buyers in rollover equity transactions is crucial to ensure financial outcomes, equity realization, and alignment of cultural fit and treatment philosophies. Legal representation challenges in dental practice acquisitions can arise when attorneys take a rigid approach, bill hourly, and prioritize billable hours over the fairness of the deal. Selling a dental practice to a DSO involves negotiating exit terms, considering health issues, and understanding varying requirements and approaches of different DSOs. Transition Planning for practice owners involves mapping out the ideal transition plan, considering factors such as valuation, timeline, personal goals, and long-term objectives. Connect with Jakes Goates: https://odgerslawgroup.com/ Connect with Stan Kinder: https://www.everythingdso.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    47 min

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