Would you ever do a startup practice or is buying always the way to go? Let me know below. And follow me on 📸instagram.com/meyersonjoel/ and say hi 👋
@paulhynes5122
3 жыл бұрын
This is one of your most useful videos so far. Keep it up.
@jmey
3 жыл бұрын
ty Paul! What resonated so much here? Tactical advice, what I would do, or other?
@paulhynes5122
3 жыл бұрын
@@jmey You presented a lot of specific and practical things in this one. I liked how you went into talking about finding areas with good demographics and dental saturation rates (especially that google maps trick). Furthermore, your advice on doing a start-up and owning the real-estate to then sell the practice to have a long term tenant is genius. I had never thought of that. I'm currently in dental school in the Midwest and have been putting a lot of thought into how I want my career to look. I had been leaning towards buying another doc out, but (as you explained) having the ability to build an office the way I want, with the equipment I want, and with the culture I want sounds even more appealing then having that immediate cashflow in the long run. However, both methods can work in the end, it just comes down to personal preference. This one of the great things about dentistry in my opinion, you have many options on how to build you career and you can really get creative with how you do it and what you incorporate. As of right now, the idea of working in a more rural area and doing a start-up sounds very appealing to me, but I'm only a D1 so let's see what I think in three years.
@jmey
3 жыл бұрын
@@paulhynes5122 thanks, very nice feedback! and sounds like you're already headed on the right track, keep learning and thinking
@onemissiondmd
3 жыл бұрын
The my maps advice you shared to compare desirable areas is great advice! Will definitely re-visit this video in a few years haha!
@jmey
3 жыл бұрын
major 🔑
@stephenraydentist
3 жыл бұрын
Amazing as always Joel! I’m taking notes for my future already my man!!
@jmey
3 жыл бұрын
💪
@HaleySchultz
3 жыл бұрын
Your videos are SO helpful to me as a soon to be D2!
@jmey
3 жыл бұрын
ty Haley!!
@maxm680
3 жыл бұрын
I gotta show love to the Shared Practices podcast. They're the best in the business for entrepreneurial dentists!
@jmey
3 жыл бұрын
will check it out
@maxm680
3 жыл бұрын
I think an interview between both shows would be super informative. Both of you guys have great info.
@DanWagnerGuitar
Жыл бұрын
Hey Joel, love the vids! I’m curious, how do you get equipment, specifically floss and tootbrushes? How much should you pay for these type of items ideally?
@SelfMadeHundredaire
2 жыл бұрын
Your videos are always excellent. I'd be curious to find out how the math pencils out if we're talking about a specialist. For example, if you're an orthodontist or periodontist, where there are even fewer specialists on a per capita basis, how does that bear on the financial decisions concerning starting your own practice.
@jmey
2 жыл бұрын
much different. very nuanced but at a high level, a startup practice a much more viable option as a specialist
@Starclover1
2 жыл бұрын
Question. My dental practice owners have been opened for 6-7 months with at most 10 patient a WEEK. DO you think it's going to last?
@HaleySchultz
3 жыл бұрын
You are super knowledgeable about the business side of dental, what are some of the best resources to build our understanding?
@jmey
3 жыл бұрын
I've acquired knowledge over the years from all sorts of places. Podcasts, KZitem, dentist Facebook groups (Dental Nachos is a great one), and talking to dentists, and life experience. Keep exploring and you'll learn more and more as you go 💪
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