SUCCESSFULLY MAKING THE TRANSITION FROM DENTIST TO INVESTOR
Optimize Practice Alliance
We are dedicated to keeping the future of dentistry in the hands of dentists.
By Dr. Jack Bayramyan
President and Founder, Chief Clinical Officer; Optimize Practice Services
Author of?Extraction
Lifelong Learner
Proud UCLA Dad
When is The Right Time to Move from Dentist to Investor in Your Dental Practice?
This is a big question, but the answer is deceptively simple, and you don’t have to give up practicing dentistry to make the transition. However, there are several factors to plan for and implement to make this transition successful.?
So, here’s the answer, the right time to transition from dentist to investor in your practice is when the revenue of your practice finally comes mainly from your team. Transitioning your mindset from clinician to investor is another story –?
How Do You Transition from Dentist to Investor in Your Dental Practice?
How do you get your revenue to start coming from your team rather than yourself? You must build the foundation to scale your practice before you make that transition. There are several elements involved in this process:?
Once you’ve effectively implemented these strategies, then you will be ready to transition to investor. You can and should keep clinical hours, but those are minimal compared to the time you use each week for scaling out your business as an investor.?
Watch this video on Dr. Jack's journey from Dentist to Investor
Take our assessment: Grow your dental practice
We believe the future of dentistry belongs with dentists.?Get your customized tips and areas of opportunity for your practice.?
Our team is here to help dentists achieve their personal, professional, and clinical vision. As a partner or as your consultant, we're here to support you.
From Our Network
Join the Optimize Practice Services team at the DEO Summit in San Diego and save $250 when you register using the code "OPTIMIZE"
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Level 3 – Las Vegas:?June 8 - 9?
Level 2 – Las Vegas:?June 23-24
Hawaii Symposium - Honolulu: July 7-8
PLUS...
How Dental Practices Can Increase Their EBITDA and Why You Should Care
By Josh Gwinn
It’s incredibly important for dental practices to be mindful of their operating costs in relation to their revenue. There will be times when your investments far exceed your revenue, but this is the exception rather than the rule.?
Buying a new piece of digital dental equipment that will increase the value of your offerings, or building out a new software system are essential to practices staying relevant and efficient, but these expenses should be taken in moderation at strategic times.?
Coming Soon:?Clarify and Execute Your Vision with the?Extraction Workbook?
Dr. Jack's workbook for?Extraction?will help you clarify your vision, build your strategic growth plan, and develop the team to support its execution. It's coming soon, so complete the form at the link below to get early access!?
Growing Your Dental Practice Doesn't Have to Be Hard
Take our assessment to get customized tips and areas of opportunity for your practice.?
Our team is here to help dentists achieve their personal, professional, and clinical vision. As a partner or as your consultant, we're here to support you.