105 Grand Opening of Sullivan Dental Partners Part III
Today we are celebrating the grand opening of Sullivan Dental Partners! A long-term vision to building the practice, we are talking about the steps of our journey and how we could reach our goal of dental partnership. Listen in to find out the challenges we’ve had, successes, and how we solved the partnership problems.
After organizing the office and getting into an efficient workflow, Dr. Rick and Dr. Sully decided to reinvest their business profit back into the business to grow their practice. They purchased additional mills and scanners for their company.
Approaching their economic and growth tipping point, they decided to purchase and build a new practice. Building their practice was a two-year process in which Dr. Rick and Dr. Sully had to be aware to separate their emotional connection to their business from the business aspect of purchasing a property.
When they found out a family member was selling the lot next to their location, both doctors were excited, but then decided to lease another building and redesign the space for their new practice. Once they moved into their new practice, they decided on a redesign, what their new surgical suite was going to look like, sorting out the new dental schedule and figuring out which procedures they could now offer to clients with same-day service.
Dentistry is changing. Technology, education, and resources are closer to our fingertips now more than ever! Are you ready to learn what millennial dentists are doing to exceed patient expectations, enjoy dentistry more and take vacations and how this generation can join up with the previous generation to make for an unstoppable dental team? Wait no longer! Listen in and find out how to push your lifestyle to the next level.
[01:03] Reinvesting their money back into the practice.
[02:24] The decision-making process to grow their business.
[04:35] Approaching the economic and growth tipping point.
[06:45] Purchasing, building, and owning their own practice.
[08:48] Figuring out how to purchase the lot next door to build a new practice.
[14:15] Crunching the lease numbers to make their new space financially feasible.
[19:25] Redesigning their new dental space.
[24:01] Deciding what their surgical suite was going to look like.
[29:19] Opportunity costs of the new practice.
[35:36] Sorting out the new dental practice schedule.
[41:08] Figuring which procedures they can now produce with same-day dentistry.
[43:56] Maximizing their space and putting in ten chairs.
As always, thanks so much for listening! If you like the show, we would love for you to review the show on Apple Podcasts as well as spread the word! If you have any questions or want to get in touch, shoot me an email at firstname.lastname@example.org
Links and Resources
Richard Sullivan, DDS
Partner, Sullivan Dental Partners
Co-host/Founder of the Millennial Dentist Podcast
Visit Us On Social Media
The Millennial Dentist Website
@Millennialdentist on Facebook
@MillennialDDS on Twitter
Dr. Sully…@Millennialdentist on Instagram
Dr. Peyman…@drpeyray on Instagram