The My Practice My Business Dental Podcast

The Business Reality of the Dental Career

September 28, 2020 Robert Thorup, DDS Season 2 Episode 25
The My Practice My Business Dental Podcast
The Business Reality of the Dental Career
Show Notes

There's a certain segment of our dental training that doesn't get the attention it deserves, and that is preparing for retirement. 95% of dentists are not prepared! There are many reasons that prevent dentists from preparing, and most of the time it comes down to profit margins on the dentistry they provide. If dentists are busy in their practices, they've made payroll, and there's money left over in the checking account, they believe they are doing just fine. Dentists who are successful at having a retirement account that will maintain their current, or desired, lifestyle have profit margins that are consistent, regardless of being a PPO driven practice, fee-for-service, or a hybrid of both. It's all about profits and profitability, two terms dentists just choose to avoid. Oh where is our business training. That's exactly why our clients are successful here at My Practice My Business. We teach this stuff!

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