Podcast Episode #378: Practice Transition Panel (Part 1)
Episode #378: Dentist Freedom Blueprint Podcast
Practice Transition Panel (Part 1)
If you are mid-career and wondering what’s next for your practice, or if you’re at the end of your career looking to exit your practice, this episode will be very relevant and timely for you. The next three weeks will be a behind-the-scenes look into the conversation I had with a panel of experts I had the privilege to host. These experts share insight on practice transitions, especially considering where we are in the marketplace today.
Listen in to learn about the trends that have shifted toward dentistry and private equity over the last few years. The panel will also be discussing DSOs, mindset shifts that have happened in dentistry, the economic cycle we’re in, and more. Whether you are well into your career or just entering the industry, this conversation is really important to hear.
2:32 – The importance of learning about practice transitions at any stage of your career.
3:50 – Introducing the panel members and their backgrounds.
7:00 – The shift in dentistry and private equity.
8:57 – The development of DSOs and where the market is moving.
12:59 – New dentists’ mindset shift and why they are choosing to not be owners.
16:56 – The role of valuations and what hot money has done.
19:55 – The end of a 41-year cycle of declining interest rates and what comes after.
Featured on the Show:
Mike Abernathy: Website | Facebook | Twitter | YouTube
Brannon Moncrief: Website | LinkedIn
Jared Duckett: LinkedIn | Duckett Ladd
Bill Ladd: LinkedIn | Duckett Ladd
Alastair Macdonald: TEDx | DSN | Facebook
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.