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Episode #77: Thriving Your Way to Financial Freedom in Your Dental Practice with Gary Takacs

January 19, 2018

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Key Points at a Glance

  • Gary Takacs, Founder of the Thriving Practice Academy, in conversation with Naren Arulrajah
  • Has beennick named the ‘PodFather’
  • Started in the dental profession in 1980
  • Started the Thriving Practice Academy in 1989
  • Hosts the Thriving Dentist Podcast Show
  • Not a practicing dentist, but owns a dental practice – Life Smiles
  • Encourages work / life balance for more family time
  • Uses the term ‘thriving’ because dentists can change people’s lives and it means dentists and others can achieve personal, professional and financial satisfaction
  • 6 goals for a Thriving practice:1- Overhead no higher than 60 %, ideally 50 %, 2-The ability to create financial independence for yourself thru the practice, 3-All technology that makes dentistry fun, and still control your overhead no higher than 60 %, ideally 50%, 4-High performance team that you truly love and enjoy working with, 5-Patients you enjoy taking care of,6- a treatment mix that gives you satisfaction
  • Unplanned expenses
  • Abundance vs scarcity mindset
  • Moving towards a thriving practice; 1- digital photos for patient education, 2-morning huddle, review patient headshot to remember who you are taking care of that day, 3- work on getting Google reviews (you must have a gmail to write a review, look to see which of you patients has a gmail), 4- KPI: key performance indicators to monitor the performance of your practice

6 Goals for a Thriving Practice

Website: www.takacslearningcenter.com
Email: gary@takacslearningcenter.com

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