Episode 593

The Economics of Growth

Host: Gary Takacs | Published Date: May 24, 2023 | Listening Time: 00:45:09

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Welcome to the most recent Thriving Dentist Podcast episode, in which Gary discusses the Economics of Growth. This episode is for dentists or dental office owners who want to build their ideal practices. Gary explains the economics of growth using precise figures such as overhead, fixed costs, and income. He also offers helpful advice on how to grow your practice. This episode is a must-listen for dentists, dental practice owners, and dental team members. Tune in and learn how to grow your practice with purpose and strategy.

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Timestamps

  • 00:00:25 – Introduction to the episode
  • 00:00:47 – The 24 Business Systems for a Thriving Practice

Today’s CPA Tip

  • 00:03:10 – Shannon Blackmon on Moving your Practice from Average to Stellar

Coaching in action 

  • 00:07:43 – Gary and Naren talk about the Concept of Growth

Unlocking Dental Practice Growth: Insights & Strategies

  • 00:12:47 – Gary Explains the Economics of Growth Using Precise Figures 
  • 00:22:57 – 1st Strategy to Grow
  • 00:26:05 – 2nd Strategy to Grow
  • 00:29:12 – 3rd Strategy to Grow

Q&A Segment

  • 00:32:05 – Question 01 – Your discussion about the economics of growth has inspired me. My practice has been stalled for the last four years with no growth. Where is the best place to start?
  • 00:34:55 – Question 02 – My first available new patient appointment is 4 weeks out. I want to follow your guidelines for getting new patients within a week. What specific steps can I take to make this happen?
  • 00:37:59 – Question 03 – I want to increase my new patient flow. What has been your experience regarding the best way to increase my new patient numbers?
  • 00:40:25 – Question 04 – I have heard you talk about how Google does not like duplicate content on websites. Two questions:
    1) What is the standard that Google uses to define duplicate content?
    2) How can I find out if I have duplicate content on my website?

Resources

Grow your practice with high-quality patients using high-quality marketing tools.

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Thriving Dentist Coaching
Learn how to create a thriving dental practice step by step by joining the Thriving Dentist Coaching sessions.

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Gary Takacs

Gary Takacs Gary became a successful practice owner by purchasing a fixer-upper practice and developing it into a world-class dental practice. He is passionate about sharing his hard-earned insights and experiences with dental practices across the globe.

As a dental practice coach, Gary provides guidance for dental professionals on how to create a healthier practice style that lets them deliver excellent patient care while reducing depending on insurance.

More importantly, Gary’s insights are not just based on theory – as a co-owner of a dental practice, he has first-hand experience in making this transformation from a high-volume and low-fee insurance model to a fee-for-service approach that is more sustainable and promotes a patient-centric and financially healthy dental practice, and he is dedicated to sharing this knowledge with other dental practitioners via the popular Thriving Dentist Show!
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Podcast Assistance by Jodey Smith, Rodecaster Expert