The Next Generation of the Business of Dentistry – Design Your Future by Choice – Bruce Baird: Ep #400

My good friend, longtime colleague, and entrepreneur in the dental space joins the show today to share valuable insight on innovation, change, and decision-making. Dr. Bruce Baird is a former military member who built a very successful dental practice from scratch after leaving the service—and has gone on to lecture across the U.S. and internationally for years. He also founded Productive Dental Academy, which has grown into a world-class educational organization, and founded Comprehensive Finance, which helps businesses do their own in-house financing.

For those who may feel stuck right now, wherever you are in dentistry and whatever you are dealing with in your business, this episode is full of inspiration and insight that will get you moving. Listen in as Bruce shares his passion for innovation and emphasizes how important it is to know what’s going on in the industry and what it means for you. He also gives some great advice about dealing with practice sales, understanding your value, how to get unstuck when things are changing so fast, and more.

Minute Markers:

1:10 – Bruce’s career path from military to dentistry and more.
3:23 – The value of being an innovator.
4:36 – Why the consolidation of dental practices into the DSO model isn’t as negative as you think—and why there’s still room for private practices.
7:22 – The importance of knowing your EBITDA and what to pay attention to when you’re getting offers for your practice.
13:20 – What you need to consider when listening to speakers, influencers, and advice-givers.
14:42 – How the current situation looks when it comes to finance and private equity.
19:55 – The role of change and what to do when you’re feeling stuck.
24:02 – What leads to true satisfaction.
26:43 – What legendary leadership looks like and why Bruce wrote a book on it.

Featured on the Show:

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