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Show Notes
Episode 69 has arrived! I am excited about this episode, I learned so much just listening to all the knowledge bombs Reese kept sharing on this episode. We talk about a couple things in episode 69. We uncover the importance of branding and one thing Reese mentions that I absolutely love is how can we identify our brand as a dental practice. Here is a good way: what you say "no" to is your brand. This means if you are accepting everything and taking all kinds of excuses from patients of why they can't make payments, taking every single insurance under the sun, trying to do every single procedure then what type of brand are you creating for your dental practice?! However if you start saying no to certain types of insurance, certain types of patients, certain types of procedures and you FOCUS more on certain insurance, patients, and procedures... then NOW you are becoming something! Now your dental practice is creating it's brand that will attract the patients you want depending on your vision and what you are letting happen in your dental practice.
Reese also helps you spot out the phoneys, the fakes, the financial advisors who aren't qualified and are really out there just to make money for their own benefit. Not many financial advisors are qualified to give financial advice, so how many are qualified to give financial advice to dentist?! Don't just trust or go with anyone, you need someone who has been in that business for a long time, has case studies and proven track records, and has worked with a multitude of dentists from different ranges. You will see how Reese and I dive into this with much more detail. We also touch so many more topics that you, as a dental practice owner, have either thought about, is thinking about, or needs to think about when it comes to managing money.
After Reese Harper started a financial planning firm, he moved to a new neighborhood and became good friends with a dentist. They talked about work, and over time, Reese learned how challenging it is to be a dentist, especially in certain areas of the country. His friend ran a successful practice, made good money, and had a great team; however, he still had a lot of financial concerns. It wasn't like he was just scraping by, but it seemed like he should be doing better financially than he said he was. It appeared too much money was slipping through his hands.
This got Reese thinking: if a financial advisor doesn't understand how a dental practice works, how is he going to put together a good retirement plan for a dentist? Dental practice finances and personal finances are just too closely related. This is what inspired Reese to create a retirement road map for dentists and specialists to help them prepare for a secure retirement.
Today, the team of financial advisors at Dentist Advisors are helping dentists, orthodontists and oral surgeons all over the country navigate personal and practice financial decisions. With their knowledge of the unique challenges and financial issues dentists face, they're able to help dentists avoid poor financial decisions, increase their wealth, and achieve financial freedom.
REESE HARPER'S LINKS:
Dentist Advisors Website
Dentist Money Podcast
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