Dental Practice Launch Podcast

Five important lessons learned when starting a dental practice | A Podcast Series Ep. 08

In this episode, Dr. Dan Dinowitz and Shane Simmons discuss valuable lessons learned from Dr. Dinowitz’s experience of starting a dental practice. The conversation covers topics such as marketing, team building, time management, and the importance of seeking expert advice. Dr. Dinowitz also discusses the challenges of balancing the startup process with personal life events and the significance of having a strong support system. The episode concludes with a preview of the upcoming grand opening and a media day at the practice.

Takeaways

• Start marketing early and be consistent in your approach.
• Hire a great team early and continue recruiting to build a strong and collaborative work environment.
• Balancing multiple life events while building a practice is challenging but doable with the right support system.
• Take time away from your current job to focus on the startup, especially for administrative purposes.
• Seek expert advice and consultants to guide you through the startup process and marketing strategies.

Learn more about Dr. Dan Dinowitz here: https://www.voorheespediatricdentistry.com/

 

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ |

 

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

How To Secure The Best Financing for Your Dental Startup | A Podcast Series Ep. 07

In this episode, Dr. Dan Dinowitz discusses the process of securing financing for his pediatric dental startup. He shares his personal experience of building a house and a practice simultaneously, highlighting the importance of choosing the right lender and considering loan terms beyond just the interest rate. Jesse Darby, a startup practice consultant with Ideal Practices, provides insights into what banks look for when approving loans, including liquidity, credit, income, and production. The episode emphasizes the significance of thorough financial planning and finding a lender that offers excellent customer service. 

 

Takeaways

• When securing financing for a dental practice startup, it is important to consider loan terms beyond just the interest rate.
• Choosing a lender that specializes in dental startups can provide tailored financing options and better customer service.
• Banks look for factors such as liquidity, credit history, income, and production when approving loans.
• Thorough financial planning and having a solid understanding of your financial situation are crucial in the loan approval process.
• Securing financing for a startup practice can be a complex process, but working with experienced consultants can help navigate the challenges. 
• There is no specific credit score requirement for securing financing, but a credit score of around 680 is often considered a baseline by banks.
• Budgeting is a crucial aspect of a startup project, and it is important to have a clear understanding of the costs involved and to be prepared for unexpected expenses.
• Working with experienced professionals, such as Ideal Practices, can provide valuable guidance and support throughout the financing and startup process.
• Taking calculated risks and stepping out of one's comfort zone is necessary when pursuing a dental startup, but the rewards can be worth it.

Learn more about Dr. Dan Dinowitz here: https://www.voorheespediatricdentistry.com/

 

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ |

 

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

How To Navigate the Construction and Equipment Selection Process | A Podcast Series Ep. 06

In this episode, Dr. Dan Dinowitz discusses the specifics of construction and finding the right contractor and dental equipment for his startup practice. He talks about the progress of his practice, including finalizing the design of a feature airplane wall and the rapid progress of construction. Dr. Dinowitz emphasizes the importance of having a great contractor and a dental-specific contractor who understands the unique requirements of a dental office. Brian Frary, a dental startup consultant with Ideal Practices, explains his role in guiding dentists through the equipment and construction process. He highlights the importance of vetting contractors and getting multiple bids to ensure the best choice. The process of choosing dental equipment is also discussed, including visiting showrooms and considering budget constraints. In this conversation, Brian and Dan discuss the importance of visiting showrooms to try out dental equipment before purchasing. They emphasize the need to consider the patient experience and budget when selecting equipment and technology for a dental practice. They also discuss the importance of working with dental-specific IT companies and asking key questions about their experience and service plans. The conversation concludes with a discussion about marketing strategies for a dental startup.

 

Takeaways

• Finding the right contractor is crucial for a successful dental practice startup. It is important to choose a dental-specific contractor who understands the unique requirements of a dental office.
• Vetting contractors and getting multiple bids is essential to ensure the best choice. Comparing bids line by line and understanding what is included and excluded is crucial.
• Visiting showrooms and trying out different dental equipment is recommended to make informed decisions. However, it is important to consider budget constraints and prioritize essential equipment.
• Having a dental startup consultant can provide guidance and support throughout the construction and equipment selection process.
• The construction and equipment selection process requires careful decision-making and attention to detail to ensure a successful and efficient startup. Visiting showrooms and trying out dental equipment is crucial before making a purchase.
• Consider the patient experience and budget when selecting equipment and technology.
• Work with dental-specific IT companies for better service and support.
• Ask key questions about experience and service plans when choosing an IT company.
• Develop marketing strategies, including tactics and agencies, to attract new patients.

 

Learn more about Dr. Dan Dinowitz here: https://www.voorheespediatricdentistry.com/

 

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ |

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

Creating A Standout Brand For Your Startup Dental Practice | A Podcast Series Ep. 05

In this episode of The Dental Practice Launch Podcast, Dr. Dan Dinowitz and his wife Michelle discuss the process of branding their startup pediatric dental practice with Crimson Media. They share their journey of choosing a brand name and logo, and how they arrived at the theme of paper planes and travel. They also discuss the importance of involving their target demographic, including children and parents, in the branding process. The logo design process is explored, including the significance of font choice. Overall, the branding of the practice is seen as a reflection of their values and the experience they want to create for their patients. 

Takeaways

• Involving your target demographic in the branding process can help create a more relatable and engaging brand.
• Choosing a brand name and logo that reflects your values and the experience you want to create for your customers is crucial.
• Consider the overall aesthetic and theme of your brand, ensuring it appeals to a wide range of ages and demographics.
• Font choice can play a significant role in conveying the desired tone and aesthetic of your brand. The logo should represent the values and personality of the practice.
• A mural can create a unique and welcoming atmosphere for patients.
• Building buzz in the community is important for a startup practice.
• Branding should be fun and exciting, and should reflect the practice's unique identity.
• Seeing the brand come to life through merchandise and marketing materials is a rewarding experience.
• Looking forward to the next steps in the practice's journey is both exciting and challenging.

 

Learn more about Dr. Dan Dinowitz here: https://www.voorheespediatricdentistry.com/

 

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ |

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

Episode 4: Designing The Right Floor Plan For Your Startup

Learn more about Dr. Dan Dinowitz here: https://www.instagram.com/dr.dan_your_kids_dentist/

 

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ | https://www.instagram.com/idealpractices/

 

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

The Voorhees Pediatric Dentistry Startup Journey | A Podcast Series Ep. 03

In this episode of The Dental Practice Launch Podcast, Dr. Dan Dinowitz provides an update on the progress of his dental practice, Voorhees Pediatric Dentistry, and shares some of the lessons he has learned throughout the journey. The conversation then focuses on the importance of choosing the right location for a dental practice, including factors such as demographics, competition, and the desired patient population. The discussion also touches on the significance of authenticity and social media in building a successful practice. Finally, the episode concludes with advice for dentists starting their own practices and Dr. Dinowitz's excitement for the interior design of his office. In this conversation, Mike Gharib from Ideal Practices shares insights and tips on location and real estate for starting a dental practice. The conversation also highlights the upcoming topics of marketing and branding.

 

Takeaways:

1. Location and real estate are crucial considerations when starting a dental practice.
2. Research and due diligence are necessary to find the right location and negotiate favorable lease terms.
3. Marketing and branding will be discussed in future episodes of the podcast.

Learn more about Dr. Dan Dinowitz here: https://www.instagram.com/dr.dan_your_kids_dentist/

 

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ | https://www.instagram.com/idealpractices/

 

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

The Voorhees Pediatric Dentistry Startup Journey | A Podcast Series Ep. 02

Welcome back to the second part of our riveting discussion with Dr. Dan from Vorhees Pediatric Dentistry, shedding light on the often-overlooked challenges of launching a dental practice. This episode continues the exploration of Dr. Dan's journey, focusing on overcoming imposter syndrome, financial anxieties, and maintaining a balanced life.

Stacey Peters, an expert from Ideal Practices, provides key insights into the startup process, from funding strategies to demographic studies. Whether you're a dental professional or an entrepreneur, this episode offers practical advice and inspiration for navigating the intricacies of the dental industry. Tune in for essential tips to elevate your journey in dentistry.

 

Learn more about Dr. Dan Dinowitz here: https://www.instagram.com/dr.dan_your_kids_dentist/

Learn more about Stacey Peters here: https://www.instagram.com/stacey_j_peters/

Learn more about how Ideal Practices helps dentists open their dream startup: https://idealpractices.com/ | https://www.instagram.com/idealpractices/

To learn more about Crimson Media Dental Marketing and how we help dental startups grow through proven marketing strategies, click the link below: https://www.crimsonmediagroup.com/

A Podcast Series: The Voorhees Pediatric Dentistry Startup Journey | Ep. 01

Follow These Steps When Purchasing A Dental Practice | Ep. 50

Welcome back to another insightful episode of The Dental Practice Launch Podcast, hosted by Shane Simmons, the founder and CEO of Crimson Media Dental Marketing. In this episode, we dive deep into the world of dental practice acquisitions with our esteemed guest, Brian Hanks, the expert behind Dental Buyer Advocates.

 

If you've ever dreamt of owning your own dental practice or expanding your existing one through acquisition, this episode is a must-listen. Shane and Brian will guide you through the crucial steps you need to take when purchasing a dental practice, ensuring that your venture is not just successful but also a seamless transition.

 

Brian Hanks, with his extensive experience in dental practice acquisitions, shares invaluable insights on:

 

The Dental Practice Landscape: Understand the current trends and market conditions in the dental industry to make informed decisions.

 

Determining Your Ideal Practice: Learn how to identify the perfect practice that aligns with your goals, vision, and values.

 

Financial Considerations: Get tips on evaluating the financial health of a practice, from revenue analysis to expense scrutiny.

 

The Due Diligence Process: Brian breaks down the essential steps to take during due diligence to avoid surprises down the road.

 

Negotiating the Deal: Discover strategies for negotiating the purchase price and contract terms that benefit both parties.

 

Legal and Regulatory Aspects: Gain insights into navigating the legal and regulatory requirements associated with practice acquisitions.

 

Building a Transition Plan: Plan for a smooth transition that maintains patient trust and retention.

 

Whether you're a recent dental school graduate looking to start your career or an experienced practitioner seeking to expand your dental empire, this episode equips you with the knowledge and confidence to navigate the complex world of dental practice purchases.

 

Tune in to The Dental Practice Launch Podcast and embark on your journey toward practice ownership or expansion with wisdom and clarity. Don't miss this opportunity to learn from the best in the field, Brian Hanks of Dental Buyer Advocates, and take that important step towards achieving your dental practice dreams.

 

 

Website: https://ppodentalconsulting.com

How to go from dental startup to multi-locations | Ep. 49

In this exciting episode of the Dental Practice Launch Podcast, your host Shane Simmons, a seasoned expert in dental marketing and the owner of Crimson Media Dental Marketing, sits down with a true visionary in the dental industry, Vincent Crump, Founder and CEO of Midline Dental Partners. Together, they dive deep into the intricacies of expanding your startup dental practice into a multi-location success story.

 

Launching a dental practice is no small feat, and taking it to the next level by expanding to multiple locations can be a daunting challenge. But fear not, as Shane and Vincent share their wealth of knowledge and experiences to guide you through every step of the process.

Social Media for Vincent Crump:

 

https://www.facebook.com/vincent.crump.165