Lessons from the The Dental Attorney That Tells You What You Need to Hear (Even if it's not what you want to hear)

Published: Jan. 28, 2016, 9:46 p.m.

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You obviously chose to go into dentistry for a reason\\u2026

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And for a lot of aspiring dentists it\\u2019s because the field is still growing.

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Smart decision.

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Unfortunately, that makes plenty of people out in the wild look to exploit new (and existing) dentists as a chance to siphon hundreds of thousands of dollars and more.

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Jason Patrick Wood is a partner in the Law Firm of Wood & Delgado and he see\\u2019s it happen everyday.

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Lucky for us, he\\u2019s here to tell you exactly what to look for when acquiring a business or looking to partner with anyone.

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Click here to get today\\u2019s episode bonus:\\n

\\u201cBuyer\\u2019s Checklist for Acquiring a Practice\\u201d \\u2013 the questions you need to consider and have answered before acquiring a dental practice.\\xa0

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Here are a few things you\\u2019ll discover\\xa0in today\\u2019s episode:

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  • The aspects of most dentists that get preyed upon and taken advantage of by others (and why this is a major issue in the industry)
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  • How to make sure you\\u2019re always getting the best deal possible (even with people you\\u2019ve done business with for years)
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  • Why running a dual brokerage is usually an illegal operation (and how to protect your dental business and partners)
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  • What separates the people who know their stuff from the pretenders (and what to do in order to spot both of these in the wild)
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  • The right way to interview anyone you\\u2019re bringing into your business \\u2013 like banks, employees, and partners (and the questions you can ask to find red flags)
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  • How one little line in a contract could cause you to lose $100,000 when you got to sell your practice
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  • The critical way to think when acquiring a practice or a startup (and the pros and cons of both situations)
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  • Why you should never trust a demographics report from this specific kind of professional
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  • The biggest mistake being made when acquiring an existing dental practice (and what numbers to focus on to avoid this mistake)
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  • How to guarantee you and your families financial well being through retirement
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  • The type of mindset that plagues some dentists and ruins the dental industry
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  • Why females are highly targeted in the dental industry when it comes to dental practice ownership (and why it\\u2019s so important that women become dental practice owners)
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  • Why dentistry is the most \\u201cbankable\\u201d industry (and why this is critical to your livelihood)
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  • The after-hours and off-site conversations happening by Dental Professors with aspiring students (and what happened when the school found out)
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  • How to approach acquiring a dental practice (even if you\\u2019re new and fresh out of school)
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Free Episode Bonus:

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If today\\u2019s episode struck a chord with you, then don\\u2019t miss out on today\\u2019s bonus kindly provided by Jason and his team.

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It includes the questions you need to ask when acquiring a practice, and there were a few on there I hadn\\u2019t even considered.

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Click here to access that now.

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After you check it out, submit it back to Jason for a FREE 15 minute consultation with him.

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Quotes:

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  • \\u201cIt\\u2019s impossible to serve two masters.\\u201d- Jason Wood
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  • \\u201cJust be careful. Always have your guard up.\\u201d- Jason Wood
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  • \\u201cPartnerships should be about shared sacrifice, shared reward, equal playing field for all.\\u201d \\u2013 Jason Wood
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Resources:

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Support The Show:

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Without you, Ambitious Dentists, this should wouldn\\u2019t exist.

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If you enjoyed today\\u2019s episode, please go\\xa0here to give me an honest rating and review in iTunes.

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This allows me to evolve that show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

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