778: Do You Have a Business or a Job?

 In The Dentalpreneur Podcast

Team incentives incentives Dr. Amanda Wilson incentives Dr. Amanda Wilson

 

Live from a keynote presentation

The average overhead for dental practices across the US is 68-72%. This means that the typical practice is operating somewhere between 2 and -2% profit. In our mastermind, ideal overhead is 50%. And, yes that is totally possible. It requires looking at some things that most normally ignore and it doesn’t happen overnight, but multiple members pull it off every year.

Phases:
1 = 30-30-30-10
2 = 30-25-30-15
3 = 25-25-30-20
4 = sub-50% overhead

EBITDA multiples:
1M – 5x
2M – 8x
3M – 10x

 

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