Maximizing Profits In Restorative Dentistry with Dr. Sandeep Sadana DWI-EP153
06/27/23 • 32 min
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
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Ever wondered how to maximize your profitability in restorative dentistry? Join us for an enlightening conversation with Dr. Sunny from the Dre Composite Restorative Technique, as we uncover the secrets to boosting your bottom line while still providing exceptional value to your patients.
Throughout the episode, we delve into the crucial concept of understanding that value equals money. Dr. Sunny shares his personal journey and experience in charging more for composite restorations, and how providing patients with more information enables them to appreciate the true value of their treatment. We also discuss innovative ways to make your restorative dentistry practice more efficient and profitable, such as offering comprehensive care in a single appointment, utilizing quadrants to maximize efficiency, and embracing project dentistry to rake in 2 to 4k a day.
Lastly, we touch upon the importance of playing to your strengths in dentistry and how delegating tasks to colleagues, perfecting your technique, and applying Pareto's principle of 80-20 can lead to a more profitable practice. Don't miss this opportunity to learn how to enhance your earning potential while providing exceptional care to your patients!
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
———————————————————————
Ever wondered how to maximize your profitability in restorative dentistry? Join us for an enlightening conversation with Dr. Sunny from the Dre Composite Restorative Technique, as we uncover the secrets to boosting your bottom line while still providing exceptional value to your patients.
Throughout the episode, we delve into the crucial concept of understanding that value equals money. Dr. Sunny shares his personal journey and experience in charging more for composite restorations, and how providing patients with more information enables them to appreciate the true value of their treatment. We also discuss innovative ways to make your restorative dentistry practice more efficient and profitable, such as offering comprehensive care in a single appointment, utilizing quadrants to maximize efficiency, and embracing project dentistry to rake in 2 to 4k a day.
Lastly, we touch upon the importance of playing to your strengths in dentistry and how delegating tasks to colleagues, perfecting your technique, and applying Pareto's principle of 80-20 can lead to a more profitable practice. Don't miss this opportunity to learn how to enhance your earning potential while providing exceptional care to your patients!
———————————————————————
Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
Previous Episode
Practice Finance In 2023 with Kevin Saunders DWI-EP152
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
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How do interest rates impact dental practice finance, and what strategies do lenders use in the market? To answer these questions, we invited Kevin Saunders, who has spent 30 years in the banking industry and is a specialist dental financier for RBSnetwest, to join our discussion. Together, we explore the history of base rates from the 1980s to today and how this has shaped our current financial landscape. Kevin also shares his expert insights on considering both today's rates and adding a margin for error to prevent borrowers from financial trouble.
In this episode, we also delve into the banks' stance on the dental sector and how they've become more stringent with their lending policies. We discuss the shift away from NHS dentistry and the current boom in private dentistry, as well as the need for squat finance and the process of obtaining established practice finance. Kevin breaks down the calculation of loan servicing costs and repayment periods, giving you a clearer understanding of what to expect when financing a dental practice.
Lastly, we highlight the importance of business acumen over clinical skill when it comes to running a successful dental practice. We talk about the advantages of buying a practice from a dentist looking to become an associate, the power of compounding when starting early, and how to assess a practice's growth potential. Additionally, we emphasize the significance of researching a practice before making the purchase. Don't miss Kevin's priceless insights and practical advice on navigating the world of practice finance amid today's fluctuating interest rate environment.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
Next Episode
Should I Go Ltd Co or Sole Trader in 2023? with David Hossein DWI-EP154
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
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Promise me you've pondered the gnarly question of whether to stick it out as a sole trader or to shift gears and become a limited company. Well, you're not alone! In this riveting discussion alongside David Hossein, a crackerjack dental accountant, we dust off the age-old debate, but with a unique twist - we're targeting it to the dental industry in the UK. Get ready to navigate the tricky waters of tax bands, the ups and downs of your choices, and the curiosity of losing your personal allowance once profits exceed £100,000.
Something big is brewing in the UK tax scene, and folks, it's not looking pretty. With the recent budget announcement, brace yourselves for a taxing roller coaster ride. Together with our expert guest, we're diving into the new world of tax dividend allowance, the surge in corporation tax, and the hike in National Insurance and dividend taxes. Get your calculators ready as we unpack a graph that lays bare the tax saved with a limited company versus a sole trader. You wouldn't want to miss this - we're also breaking down the graph in a tabular format to give you a clear picture. So, buckle up for an enlightening and insightful conversation.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
Dentists Who Invest Podcast - Maximizing Profits In Restorative Dentistry with Dr. Sandeep Sadana DWI-EP153
Transcript
What's up team . Welcome back to Dennis to invest podcast . I have sat in front of me for familiar face from the podcast and also from social media , dr Sunny off the Dre composite restorative technique . Dr Sunny , how are you today ?
Dr SandeepYeah , super man , thanks for having me . How are you ?
Dr JamesIf you like this episode you’ll love
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