Bringing on an associate is supposed to buy back your time. So why do so many owners end up regretting the decision?
Brian Hanks, dental accountant and author of How to Buy a Dental Practice, works with dentists at every stage of ownership and has noticed one blind spot that derails associateships. In this episode, he shares where many owners go wrong, the three numbers that signal your practice is ready for an associate, and the only reliable way to keep associates in your practice long term.
Topics discussed:
00:00 Introduction
01:51 Where owners go wrong with associates
04:24 Which doctor patients belong to
06:37 The numbers that say you're ready for an associate
10:04 What happens when you hire an associate too early
11:53 The reality of keeping associates long-term
16:23 The biggest mistake dentists make becoming an owner
22:22 How often buying a practice really goes wrong
25:01 How adding a doctor raises the stakes of ownership
Grab Brian’s book, How to Buy a Dental Practice, for just $10 and free shipping:
SPECIAL URL FROM BRIAN
Connect with Brian Hanks:
https://www.dentalbuyeradvocates.com/
This episode was produced by Podcast Boutique https://www.podcastboutique.com
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