In this conversation, Kaival shares his journey in dental practice ownership, discussing the challenges and rewards of buying practices versus setting up squat practices. He emphasizes the importance of communication, team dynamics, and understanding financials in running a successful practice. The discussion also highlights the significance of having a clear vision and the role of clinical leadership in practice growth. Cable offers valuable advice for new associates and stresses the need for a supportive community in the dental industry.
Chapters
00:00 Introduction to Practice Ownership
02:34 The Journey to Buying Practices
04:56 Challenges of First Practice Ownership
07:36 Communication and Team Dynamics
10:35 The Importance of Culture in Practice
13:21 Setting Up a Squat Practice vs Buying
16:02 The Role of Clinical Leadership
18:32 Risk Management in Practice Ownership
20:59 Building a Supportive Community
23:43 Understanding Financials and KPIs
26:25 The Evolution of Your 'Why'
29:11 Advice for New Associates
32:00 Conclusion and Future Directions