Solo to Group to DSO – Which Path Is Right for You? – Perrin DesPortes (Part 2): Ep #454

This episode is the second part of a conversation I started last week with Perrin DesPortes. (If you missed last week, be sure to go back and listen to our conversation regarding your potential business exit plan.) In this episode, we will be covering the effects of the rising cost of capital on the marketplace.

With the likelihood of a recession by the end of this year, it is vital to have the tools and frameworks necessary to make the best decisions for preserving and protecting your wealth. Listen in to hear Perrin give powerful business and investment guiding principles regarding credit, debt, lending, group practices, and more.

Minute Markers:

1:40 – The changes in the real estate market lately and what this means for you.
5:54 – The credit market and how the dental industry is affected by it.
8:05 – What are the terms for growing a practice beyond two locations?
10:21 – What you should be doing in your practice to survive the recession.
13:23 – The biggest challenge to owning and upgrading a practice.
16:12 – What a discovery day is and why it’s valuable.
17:34 – How cash flow can cripple you and what it means to build a group practice.
19:37 – How to deal with associate turnover and Perrin’s best recruiting tips.
23:14 – More options that are outside of the multi-practice route.

Featured on the Show:

Perrin DesPortes: LinkedIn | Website | Email

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