Episodios

  • 50 YEARS OF WISDOM: Advice We'd Give Our Younger Dental School Selves

    50 YEARS OF WISDOM: Advice We'd Give Our Younger Dental School Selves
    Jul 17 2024

    The Bulletproof Dental Podcast Episode 356

    HOSTS Dr. Peter Boulden and Dr. Craig Spodak

    DESCRIPTION

    In this conversation, Peter and Craig discuss the advice they would give to themselves as dental school students or new dentists. They emphasize the importance of taking care of oneself, including getting regular massages, maintaining core fitness, and having a concierge doctor for personalized healthcare. They also discuss the value of regular testing, such as the GRAIL test for detecting microscopic cancers and the MTHFR test for methylation issues. They touch on the importance of posture and mental fitness for dentists, the need for effective communication skills, the value of focusing on one's strengths rather than weaknesses, and the significance of leadership in dental practices. They also mention the upcoming Bulletproof Summit and the possibility of having a representative from the Ritz-Carlton speak about customer service.

    TAKEAWAYS

    • Take care of yourself and prioritize self-care, including getting regular massages and maintaining core fitness.

    • Consider having a concierge doctor for personalized healthcare and attention.

    • Regular testing, such as the GRAIL test and the MTHFR test, can provide valuable insights into your health.

    • Practice good ergonomics to prevent back pain and other physical issues.

    • Be aware of the potential health risks associated with mercury exposure in dentistry.

    • Maintaining good posture and mental fitness is crucial for dentists.

    • Effective communication skills, including the ability to read body language and tailor conversations to individual patients, are essential.

    • Rather than trying to improve weaknesses, dentists should focus on their strengths and surround themselves with a team that can compensate for their weaknesses.

    • Leadership skills are vital for dental practice success, and dentists should continually work on developing their leadership abilities.

    • The upcoming Bulletproof Summit will provide valuable learning opportunities for dentists, including a potential session on customer service by a representative from the Ritz-Carlton.

    CHAPTERS

    00:00 - Introduction and Background

    03:11 - The Importance of Self-Care

    08:55 - Taking Care of Your Physical Health

    14:49 - The Value of Regular Testing

    19:18 - Preventing Physical Strain and Injury

    24:04 - Focusing on Strengths: The Key to Success

    28:23 - Applying Ritz-Carlton's Customer Service Expertise to Dental Practices

    REFERENCES

    Bulletproof Mastermind

    Bulletproof Summit 2024
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    50 m
  • Bringing a Knife to a Gunfight - Solo vs DSO (2024)

    Bringing a Knife to a Gunfight - Solo vs DSO (2024)
    Jul 11 2024
    The Bulletproof Dental Podcast Episode 355 HOSTS: Dr. Peter Boulden and Dr. Craig Spodak DESCRIPTION The conversation explores the advantages and disadvantages of DSOs (Dental Service Organizations) compared to solo dental practices. We’ll discuss the operational efficiencies of DSOs, including better lab fees, insurance negotiations, procurement of supplies, technology, and data utilization as well as highlight the importance of the patient experience and the potential for solo practices to excel in this area. The conversation delves into the challenges faced by solo practitioners, such as high team salaries and the pressure to compete with DSOs. Peter and Craig emphasize the need for private practice owners to adapt and innovate in order to stay competitive. They also discuss the impact of student debt on private practice ownership and the role of technology in improving dental practices. TAKEAWAYS DSOs have operational advantages in terms of lab fees, insurance negotiations, procurement, technology, and data utilization. Solo practices can excel in providing a superior patient experience. Solo practitioners should focus on improving operational efficiencies and reducing expenses to level the playing field. Mergers between solo practices can provide economies of scale and enhance competitiveness. The DSO model may face challenges due to the pressure for short-term returns and the potential fallout from a changing economic landscape. Private practice owners need to be aware of the changing landscape of dentistry and the rise of dental service organizations (DSOs). The high amount of student debt limits options for private practice ownership and partnerships. The Bulletproof Summit and Bulletproof Mastermind offer valuable opportunities for learning and growth in the dental industry. CHAPTERS 00:00 - Reuniting and Discussing the Rise of DSOs 04:10 - The Advantages of DSOs: Operational Efficiencies and Technology 14:12 - The Importance of the Patient Experience in Solo Practices 17:09 - Challenges Faced by Solo Practitioners: Team Salaries and Competition 22:26 - Potential Solutions: Mergers and Long-Term Strategies 27:38 - The Future of DSOs: Challenges and Opportunities 30:45 - Adapting to the Changing Landscape of Dentistry 32:13 - The Impact of Student Debt on Private Practice Ownership 33:34 - The Role of Technology in Improving Dental Practices 35:23 - The Value of the Bulletproof Summit and Mastermind REFERENCES Bulletproof Mastermind Patient Prism Bulletproof Summit 2025
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    57 m
  • When Should I Expand?

    When Should I Expand?
    Jun 26 2024
    The Bulletproof Dental Podcast Episode 354 When Should I Expand? HOSTS: Dr. Peter Boulden GUESTS: Dr. Dwight Peccora and Dr. Trey Tippit DESCRIPTION Pete, Dwight, and Trey discuss the importance of understanding when it's the right time to expand and how to determine the right metrics to make that decision. We emphasize the need to consider factors like utilization rate, infrastructure, and cash flow when deciding to expand. We also explore the challenges of balancing work and personal life during the expansion process. TAKEAWAYS Understanding when to expand a dental practice is crucial for growth and success. Metrics like utilization rate, infrastructure, and cash flow can help determine the right time to expand. Balancing work and personal life during the expansion process is a challenge that requires open communication and support from family and team members. Having a clear vision and goals for the expansion can help guide decision-making and prioritize resources. Regularly tracking and analyzing key metrics can provide valuable insights and inform expansion decisions. Consider utilization rate, capacity, and future growth when deciding to expand a dental practice. Cannibalization can be a strategic move in expanding a practice. Continuous learning and skill development are essential for success in dentistry. Building strong relationships and team bonding can contribute to practice success. CHAPTERS 00:00 - Introduction and Setting the Context 11:59 - Understanding the Craftsman Mentality in Dentistry 21:50 - Determining Utilization Capacity and Expansion Readiness 27:43 - Defining Utilization Capacity and Tracking Metrics 31:36 - Considering Utilization Rate and Capacity 33:01 - The Inspiring Example of Innovative Dental 34:23 - The Importance of Continuous Learning and Skill Development 37:33 - Factors to Consider in Expansion Decisions 43:07 - Utilization Rate and Multi-Location Practices 44:40 - Leveraging Existing Practices for Patient Count Growth 46:15 - The Strategy of Cannibalization in Market Domination 50:14 - Building Strong Relationships and Team Bonding REFERENCES 2024-2025 Bulletproof Mastermind
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    52 m
  • Summit Recap, Elastic Invisalign Pricing, You're The Bottleneck

    Summit Recap, Elastic Invisalign Pricing, You're The Bottleneck
    Jun 20 2024
    The Bulletproof Dental Podcast Episode 353 HOSTS: Dr. Peter Boulden and Dr. Craig Spodak DESCRIPTION On this Episode we’re re-capping our 2024 Bulletproof Summit- the energy and feedback, importance of paying attention to one's body, and the need for educational platforms and team-building events. We also discuss the challenges of being a business owner and feeling overwhelmed, as well as the importance of team engagement and buy-in. We’ll shift to pricing strategies and the concept of designing fees based on desired earnings and the importance of setting fees based on what you want to earn and not just following industry standards. The conversation touches on the challenges and constant learning involved in dentistry, as well as the importance of investing back into the business to create more capacity and serve the community better. TAKEAWAYS The summit was a highly energizing and successful event, with positive feedback from attendees. Paying attention to one's body and incorporating practices like biohacking can enhance overall well-being and performance. There is a need for educational platforms and team-building events specifically designed for dental teams. Business owners often feel overwhelmed and become the bottleneck in their own progress. Engaging and empowering the team is crucial for growth. Pricing strategies should be based on desired earnings and the value provided, rather than arbitrary benchmarks. Designing fees with first principles thinking can lead to better profitability and case enrollment. Set your fees based on what you want to earn, not just industry standards Be less egoic about your fees and more realistic about your income goals Having a community of like-minded individuals is invaluable for collaboration and feedback Dentistry is a constant learning process and there is always more to learn and improve upon Investing back into your business can create more capacity and better serve the community CHAPTERS 00:00 - The Energizing and Successful Summit Experience 03:19 - The Need for Dental Team Educational Platforms 08:59 - The Role of the Business Owner in Growth 13:44 - Designing Fees Based on Desired Earnings 15:31 - Using First Principles Thinking in Fee Design 19:50 - Dynamic Pricing in Dentistry 22:20 - Challenges and Learning in Dentistry 27:26 - The Value of Community 33:52 - Investing Back into the Business REFERENCES Bulletproof Mastermind Enrollment for 2024-2025
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    36 m
  • The Cost of Building New + Hiring Associates (again)

    The Cost of Building New + Hiring Associates (again)
    Jun 5 2024
    The Bulletproof Dental Podcast Episode 352 HOSTS: Dr. Peter Boulden GUESTS: Dr. Trey Tippit and Dr. Dwight Peccora DESCRIPTION The conversation covers the challenges and considerations of hiring and onboarding dental associates, as well as the impact of construction costs on practice expansion. Join us in discussing the decision-making process, financial implications, and the importance of finding the right fit for the practice. We'll also explore the concept of progress over perfection and the need for flexibility in hiring decisions. The conversation covers a range of topics related to hiring and onboarding dental associates, including the importance of hiring for the business rather than personal preferences, the need for balance and diversity in the practice, the role of continued education and mentorship, and the value of creating leverage through hiring. TAKEAWAYS Hiring and onboarding dental associates requires careful consideration and flexibility. Construction costs have a significant impact on practice expansion and decision-making. The concept of progress over perfection is important in the hiring process, and it's essential to be open to different candidates. Financial implications and the need for a thorough decision-making process are key factors in hiring dental associates. Hiring for the business, not personal preferences The importance of balance and diversity in the practice The role of continued education and mentorship in onboarding Creating leverage through hiring The significance of trust transfers and vulnerability in the onboarding process CHAPTERS 00:00 Soaring with Sea Planes and Construction Costs 03:13 The Impact of Construction Costs on Practice Expansion 15:22 Automated reviews versus personalization 25:08 The Thoroughbred Associate 31:21 Interviewing associates 42:49 Blue Ocean Strategies in Dentistry 46:57 Training New Dentists during Onboarding 54:15 Bulletproof Summit REFERENCES Bulletproof Summit 2024
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    57 m
  • Next-Gen Dentistry: Chatting with Paul Vigario, Founder of SurfCT

    Next-Gen Dentistry: Chatting with Paul Vigario, Founder of SurfCT
    May 29 2024
    The Bulletproof Dental Podcast Episode 351 HOSTS: Dr. Peter Boulden & Dr. Craig Spodak GUESTS: Paul Vigario DESCRIPTION Join Dr. Peter Boulden and Dr. Craig Spodak in a captivating conversation with Paul Vigario, Founder of Surf CT. Explore the trio's longstanding friendship, their journeys in dentistry, and the imperative of thinking innovatively in the field. Discover insights on the dental industry's landscape, financial hurdles, and the power of data-driven choices. Paul delves into the future of dentistry, advocating for brand-building, streamlined systems, and embracing technological advancements. Uncover strategies for designing visionary practices, fostering exceptional patient experiences, and achieving extraordinary success in dentistry. Don't miss this enlightening discussion! TAKEAWAYS Long-standing friendships in dentistry can create deep bonds and support during challenging times. The dental industry is worth $200 billion and is controlled by corporations that prioritize shareholder interests over those of dentists. Dentists often face financial challenges and may not realize the true profitability of their practices. Data-driven decision-making is crucial for dentists to make informed choices and avoid unnecessary expenses. The future of dentistry may involve the continued growth of corporate dentistry and the need for dentists to break free from unnecessary expenses and control by corporations. Build a brand that stands for something and implement systems to power that brand. Stay up-to-date with advancements in design and technology in dental offices. Ask smarter questions and be aware of the potential for extraordinary success in dentistry. Create a positive patient experience by eliminating noise and focusing on productivity. Focus on relationships while also implementing systems that enhance the patient experience. CHAPTERS 00:00 - Long-standing Friendships and Memorable Experiences in Dentistry 04:02 - The Size and Control of the Dental Industry 08:07 - Financial Challenges Faced by Dentists 11:44 - The Importance of Data-Driven Decision-Making 29:35 - Asking Smarter Questions and Achieving Extraordinary Success 34:41 - Creating a Positive Patient Experience 38:57 - Balancing Relationships and Systems REFERENCES Bulletproof Summit 2024
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    1 h y 4 m
  • Craig: Should I Buy This Practice?

    Craig: Should I Buy This Practice?
    May 22 2024
    The Bulletproof Dental Podcast Episode 350 HOSTS: Dr. Peter Boulden & Dr. Craig Spodak DESCRIPTION Deciding on Practice Ownership: Risk or Reward? Join Dr. Peter Boulden and Dr. Craig Spodak as they tackle a critical decision: buying a dental practice. With a net profit of $188,000 and a 40% associate earnings, is it a smart move? Explore the nuances of practice ownership, from analyzing historical data to navigating projections. Dive into the risks, rewards, and personal impacts of this pivotal choice. Plus, gain invaluable insights on financial literacy, learning from mistakes, and the future of dentistry. Don't miss this enlightening discussion! TAKEAWAYS Buying a dental practice should be carefully considered, weighing the risks and rewards. Analyzing historical data is crucial in evaluating the true value and potential of a practice. Relying solely on projections can be misleading and may not reflect the actual performance of the practice. Consider the key man risk and the impact on personal cash flow and lifestyle before making a decision. Owning a practice may not be the best option for everyone, and alternative investments should be explored. Learning from mistakes is crucial for personal and professional growth. Dental schools should provide more education on business and entrepreneurship. AI can be used as a tool for financial analysis and contract review in dentistry. Investing in real estate can be a game-changer for dentists. Financial literacy is essential for long-term success in the dental profession. CHAPTERS 00:00 - The Temptation of Practice Ownership 02:02 - Analyzing Historical Data vs. Projections 07:56 - The Downside Risk of Buying a Practice 18:14 - Lack of Business Education in Dental Schools 19:13 - AI in Dentistry 20:09 - Investing in Real Estate 23:23 - The Changing Landscape of AI 25:37 - The Importance of Financial Literacy 28:10 - The Potential of Real Estate Investment 29:27 - Sharing Personal Stories 30:49 - The Value of Dental Summits 31:27 - The Power of Execution REFERENCES Bulletproof Summit Bulletproof Dental Practice
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    34 m
  • Things Are About To Get Crazy! ChatGPT 4o (omni) - How AI will Help Dentistry!

    Things Are About To Get Crazy! ChatGPT 4o (omni) - How AI will Help Dentistry!
    May 16 2024
    The Bulletproof Dental Podcast Episode 349 HOSTS: Dr. Peter Boulden & Dr. Craig Spodak GUESTS: Dr. Dwight Peccora & Dr. Trey Tippit DESCRIPTION Our Fearsome Four explores the advancements in AI, specifically focusing on the launch of GPT-4 and its potential impact on various industries. We discuss examples of how AI can disrupt education, customer service, and language translation. The conversation highlights AI technology's exponential growth and improvement and its potential to transform various aspects of our lives. Additionally, we tackle the need for regulations and consent in implementing AI in dental practices. TAKEAWAYS AI technology, particularly GPT-4, is advancing rapidly and has the potential to disrupt various industries. Examples of AI applications include AI tutoring, customer service, and language translation. AI has the potential to revolutionize dentistry and improve patient experiences. The exponential growth and improvement of AI technology suggest that it will continue to transform various aspects of our lives. AI technology is advancing rapidly and has the potential to greatly impact the field of dentistry. AI can be used for call analytics, note summarization, and financial analysis, among other applications. Implementing AI in dental practices can improve productivity and efficiency, allowing professionals to focus on providing a better patient experience. AI should be seen as a tool that augments human capabilities rather than replaces them. Regulations and consent are important considerations when implementing AI in dental practices. CHAPTERS 00:00 - Introduction 03:11 - AI Disrupting Education 05:30 - AI Revolutionizing Dentistry 07:15 - AI in Customer Service 09:06 - AI Handling Calls in Dental Practices 13:32 - AI's Impact on Travel 16:09 - The Future of AI 20:40 - Advancements in AI Technology 25:40 - Addressing the Pain Point of Writing Notes 30:06 - Using AI to Analyze Financial Documents 32:16 - Tips for Prompting AI Correctly 36:08 - The Potential Impact of AI on Dentistry 43:02 - Closing Remarks REFERENCES Bulletproof Summit Bulletproof Dental Practice
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    44 m