Drs. Ryan Oakley and Ron Miller join the podcast to share how they made their dental partnership work. From both the buyer and the seller’s perspective, they dish on personal and clinical compatibility, patients, staff and long- and short-term goals.
Dr. Derek Blank joins the guys to reflect on his experience opening a start-up dental practice. He shares how he knew this path was right for him and the key factors that contributed to its early success.
Recent University of Kentucky Dental School graduate, Friend Bechtel, is here to discuss the different paths graduates have available to get their career in dentistry started. He discusses the choice between joining a corporate group or a private practice from a student’s perspective. Do new grads really have less desire to own their own practice than their predecessors? Dr. Bechtel weighs in.
New statistics from the ADA confirm that patients are not only back, but demand continues to grow for dental care. In this episode the guys unpack the key lessons doctors need to take away from the pandemic and how they can use these to help keep acceptance rates high in the long term.
Increasing Fees. Thinning schedules. Digital marketing. Cost structures. All takeaways from last year that Hunter and Judson are evaluating and offering guidance on to propel your practice forward.
Staffing has always been an issue for business owners, yet this past year has elevated the need for a solution. Rising staff costs and benefit demands, decreased supply and increased turnover. Hunter & Judson offer guidance on short- and long-term decisions owners can take to navigate common staffing pains in this new episode.
Most dental practice owners are finding themselves with a flush of cash on hand post-pandemic. But during a volatile market, business owners may be unsure about where to reinvest those dollars. In this episode, Hunter and Judson offer guidance on how to make a long-term impact from a short-term situation.
Most first-round Paycheck Protection Program (PPP) loans were under $150,000 and not everyone received the second round of stimulus loans. Was this really enough to move the needle in dental practices, especially those hit hardest by the pandemic shutdowns? Judson and Hunter weigh in. Resources: Maximize PPP1 and ERC forgiveness with our free tool .
The first step in financial independence is paying your own bills. Yet, among all the things that come with adulthood, this is the one young people would most like to ignore. In this episode, Judson & Hunter help guide parents and young adults on how to gradually assume this responsibility by budgeting, estimating expenses, and managing credit cards.
Hunter and Judson reminisce on their college days, the things they did right and what they wish they would have done to help them be better in the career world. Judson’s minimum wage job and Hunter’s study abroad experience both paid dividends in adulthood. There were things they left on the table that they also have seen pay off for others later in life.
You need to establish good credit, but how do you avoid the sand traps along the way? Hunter and Judson share their own young adult credit mishaps and in the process answer who needs credit, why you need it, when to start and how to do it right. Listen in to help your young adult get on the right track.
With Hunter in the hot seat, this episode kicks off illustrating why saving early is the key to accumulating wealth. The guys help you set realistic savings goals by life stage and talk about why an employer match, 401(k), Roth IRA and stocks are a home run.
Judson and Hunter ask their kiddos a simple question with some pretty great answers. They take things back to basics this season, talking through all the financial concepts they wish they’d known when they started college, their career and independent life!
While you can't predict life's ups and downs, the guys advise on how you can appropriately prepare your portfolio for uncontrollable factors such as inflation, medical and disability, divorce, social security and more. Joined by CWA Partner Brian Bortz, they offer insight on how to not only plan ahead but make adjustments along the way.
Special guest Brian Bortz, Partner and IAR at CWA, discusses how to spend money wisely in retirement to get your savings to last as long as possible. This loaded episode goes into the depths of what withdrawal rates in retirement yield the best outcomes, why retirees should still be invested in the stock market and the psychological impact of spending your life savings.
Where you save for retirements is almost as important as how much you save. In this episode the guys offer up their knowledge on the types of accounts you should be leveraging to save towards retirement. They get you thinking about what avenue may be best for your current and future needs, unveil stipulations to each tax environment and how to avoid being "pension poor." For our infographic visit https://bit.ly/2Pk7DEM.
In order to know how much you need to save for retirement you first have to know 𝘸𝘩𝘦𝘯 you are going to retire and 𝘩𝘰𝘸 much you are going to spend. True, you don't have a crystal ball, but in this episode the guys offer tips on how to read the tea leaves and get on track to get the future you want.
To kick off the season on retirement planning, Hunter and Judson outline the factors that can help you meet your retirement dreams, and the ones that will take you totally off track. Everyone's retirement path is unique, but in this episode the guys help pinpoint the sweet spot of present versus future lifestyle. Stay tuned this season as they help you get it right by diving into how to define your goals, how much to save and the different environments to help your money grow.
In season 9's closing episode, special guest LeAnn Peniche, CEO of Peniche & Associates, speaks to doctors on why they need to get on board with a dental referral program. When it comes to getting new patients, referrals are a goldmine! She shares success stories and tips for getting started. While it may be a team effort, LeAnn and the guys explain what the doctor should do in order to make this a program that sticks.
Everyone is on social media, so why isn't your practice? Stephanie Petersen from Dentalfone joins Hunter and Judson this episode to debunk the myth that not all practices need social media. In times like these where you may not be able to see your patients as often, social media is an easy and inexpensive way to reach your loyal and prospective patients. She brings her expertise to the table on what platforms could be beneficial for you, the sweet spot of how and when to post and more ideas to a...
Your online presence on the web is a fundamental piece of your marketing strategy, but what does that really mean for a dental practice? Legwork Co-Founder Korey Korfiatis enlightens listeners on making their brand discoverable to new and existing patients and optimizing their SEO opportunities. He clears the grey areas and recommends steps to take to get your practice to the next level.
Your brand is more than your logo, name or slogan — it’s the entire experience your prospects and patients have with your business. Defining your brand strategy is the first step in building out all the elements of your marketing plan. CWA Director of Marketing Erin Jeffries sheds light on the steps you can take to ensure your brand conveys the 𝘳𝘪𝘨𝘩𝘵 message to your target market.
With 2020 officially behind us, now is the time to revisit or revamp your marketing plan to help increase production in the new year. The guys set the stage for what's to come this season, with new guests and fresh content. Our hosts level set on why a marketing plan is essential in uncertain times, the various types and common misconceptions surrounding marketing. Get ready for a season of innovative ideas flowing from all directions.
It's easy to simply go through the motions and do the minimum when it comes to bookkeeping in your practice. But the truth is, this is an area of real opportunity for most owners. In the closing episode, Hunter and Judson reveal why good books are the most underutilized tool in a dental practice, and can help owners identify overspending, fraud and pave the way for strategic tax planning. Download our How Does Your Practice Compare? Report at www.cainwatters.com/hdydpc-contact/.
2020 has been anything but normal, and years like this remind us of how important it is not to neglect selecting the right insurance coverage to protect your practice. In this thought-provoking episode, the guys touch on multiple scenarios for you to consider; what happens if my practice is affected by a natural disaster or a cyber attack? Should I upgrade my office equipment? What's the difference between a rider and stand-alone policy? They're bringing clarity to all these topics and more....
What is an employee contract? Should I create one for all employees? Special guest Conner McNair, partner at Friday Firm, joins the guys to clarify any misconceptions you may have previously heard about employee, partnership and purchase agreements. He discusses how to avoid hefty lawyer fees and the type of lawyer you should aim to have on hand for your practice.
You won't be able to catch an embezzler based on looks...but there are behavior traits that could shine a light on sneaky crooks. Prosperident CEO David Harris joins episode 2 to discuss why embezzlement is so prevalent within dental practices and ways you can make it more difficult to let one into yours. From setting up a hiring process, identifying red flags and what to do (and not do!) if you find one, David and the guys have a lot to talk about.
As a business owner your goal is to fall asleep each night with peace of mind that you won't be hit with any surprises, especially one that comes in the form of an unexpected tax liability. In the season 8 opener, Judson and Hunter begin discussing some of the silent risks lurking within your practice. They first dig into tax related risks; which forms to use, when to file, and what milestones to ensure you inform your CPA along the way to allow them to maximize your deductions and be as tax eff...
In this litigious society, firing an employee is the riskiest action you can take, however not firing when you know you should could cost you even more in the long run. In the final episode of the season, CEDR Solutions Paul Edwards joins our hosts to discuss the dos and don'ts of firing. From stressing the importance of documentation, to warning employers not to use "at will employment" as a bullet-proof vest, this is an episode you don't want to miss.
During the interview process, knowing the right questions can ascertain if an employee is a good cultural fit. Judson and Hunter are joined by CEDR Solutions CEO Paul Edwards, and step foot on the windy path of the hiring process. With so much at stake in finding the right person, Paul goes over how to identify a persons skills, properly conduct behavioral interviews and the most important of all, background checks.
