associateship

 Avoiding Financial Pitfalls in Dentistry! Join us for our latest episode with Dr. William Chen on Dental Fuel as he opens up about a crucial financial mistake he made early in his career – signing an equity associate agreement.  Learn from his experience and gain valuable insights on why careful contract review is a MUST for dentists. Don't miss out on Dr. Chen's advice for dental students and associates – ALWAYS seek a second opinion before committing to any financial agreement.  Tune in now to safeguard your financial future in dentistry. 

About The Guest:

Dr. Bill Chen is a dentist based in Sebring, Florida. He graduated from the University of Florida and started his own practice, Chen Dental, in 2005. Over the years, he has grown his practice to 17 chairs and has a team of five associates, with a sixth one on the way. Dr. Chen is dedicated to continuous learning and has been working with a coach for over a decade to help him scale his practice successfully.

Summary:

Dr. Chen discusses a financial mistake he made early in his career, signing an equity associate agreement. He cautions against this type of contract, which can lead to significant financial burdens. Dr. Chen advises dental students and associates to carefully review contracts and seek a second opinion before signing. He emphasizes the importance of understanding the consequences of financial agreements and recommends considering alternative arrangements, such as working for a percentage before committing to an equity associate agreement.

Key Takeaways:

1. Signing an equity associate agreement can lead to significant financial burdens.
2. Dental professionals should carefully review contracts and seek a second opinion before signing.
3. Understanding the consequences of financial agreements is crucial to avoid unnecessary financial burdens.
4. Consider alternative arrangements, such as working for a percentage, before committing to an equity associate agreement.

Connect with Ignitedds: @ignitedds

Ignitedds.com

https://ignitedds.com/masterminds/

Dr. Tara Aboumahboub and I talk about her journey in an associateship practice and how it has brought her mentorship and growth as a new dentist. Dr. Tara and I are both members of the IgniteDDS family, which provides excellent CE and clinical guidance for new and old dentists alike.

Dr. Tara Aboumahboub was born and raised in South Florida. She received her Bachelor’s degree in biotechnology and a minor in nutrition from the University of Florida. Prior to dental school, she spent several years in the immunology lab at the University of Florida College of Dentistry. She then completed her dental training in Boston at Tufts University School of Dental Medicine, having achieved the highest level of clinical competency and success.

Today, Dr. Tara is caring for patients in private practice as a general dentist in Cincinnati, OH and runs her social media page, Dentara, to help patients build confidence in their smile and overall health. She is also a member of the Ohio Dental Society and is proudly a constituent of the IgniteDDS family. Dr. Tara continues to grow professionally and personally as she navigates the various opportunities the dental field has graciously brought forth.

Connect with Tara Aboumahboub

Connect with New Dentists on the Block: @newdentistsontheblock

Connect with Tanya Sue Maestas: @tsmaestas.dds

Full video on Youtube

Bulletproof Dental Practice Podcast Episode 288

Host: Dr. Peter Boulden 

Guest: Dr. Trey Miller

Key Takeaways:
Introduction
Private Practice Associateship To Start Up
Hurdles Encountered
Management
Refining And Simplifying Processes
Big Plan For Dentistry/Career
The Team You’re Deciding To Play With
Advice

References:

Bulletproof Mastermind
Bulletproof Summit
Mighty Networks: Bulletproof Dental Practice
Bulletproof ERC

Tweetables:
Inefficient processes amplify exponentially with scale. Dr. Trey Miller

Simple is easy. Dr. Trey Miller

Dr. Avi Patel and I had the opportunity to connect at Voices of Dentistry. We speak on the challenges of finding the right job after graduation, clear aligners, and building an educational platform.

Dr. Avi is a general dentist, speaker, educator and entrepreneur.

He attended NYU College of Dentistry and then practiced in the northeast for 2 years before moving to Austin, TX where he currently practices.

Early in his career, Dr. Avi was burning out on general dentistry before learning about Clear Aligners. When he first began implementing aligners into his practice - he noticed a major shift not only in his practice and for his patients, but in his life as well. He found that he had more time, income and a greater sense of fulfillment through this treatment option. Having experienced this - he wanted to share this with colleagues all around the world.

Since then, Dr. Avi has become a thought leader in the Clear Aligner space. He is the CEO and Founder of Clear Aligner Advisor - a Clear Aligner consulting company. He regularly posts Clear Aligner tips on his instagram page @doctor.avi and on his YouTube channel.

Dr. Avi is authentically passionate about empowering dentists to reach their maximum potential in life. His goal is to make Clear Aligner education accessible to general dentists all over the world and be a positive light for struggling dentists who may feel alone and burnt out.

Thank you to Between Two Teeth for sponsoring this episode!

Connect with Between Two Teeth: @b2teeth

Connect with Avi Patel @doctor.avi

Connect with New Dentists on the Block: @newdentistsontheblock

Connect with Tanya Sue Maestas: @tsmaestas.dds

Full video on Youtube

As an associate, how do you know when you are in a good situation or when it is time to make a change? On Episode 58, we respond to a listener email regarding their associateship and if a buy-in opportunity is a good idea. 

-How important is work schedule? 

-Will stresses be increased or reduced with ownership? 

-What if associate and owner practice philosophies conflict? 

We also discuss a dental office taboo topic at the end of the episode. 

Contact Dental Realist:

Twitter: @dentalrealist

Email: dentalrealist@gmail.com

Website: www.dentalrealist.com

LinkedIn: Dental Realist

Should your web guy be in jail? Are they charging you way too much for way too little? In our second round with Jeff Gladnick, CEO of Great Dental Websites we take a look at some of the crap that goes on with some dental web designers. Jeff answers a few other questions for us:

• who should be creating content for your website?
• how much is too much to be paying for monthly web hosting and updating?
• who owns your website content?
• how do you reach that perfect level where the jokes are all landing?

In the Brain Trust we continue our conversation with our "all associate" Brain Trust members: Dr. Sara Fam, Dr. John Syrbu, Dr. Ayesha Zahurullah and Dr. James Raymond. They tell us how they found the associateships that they're in now and give some really good insight to "poor pathetic dental students" that may be weighing their options for graduation. (Brain Trust starts at 44min, 40 seconds)

Go Hack Yourself:

Jason: Rich Dad, Poor Dad Tax Free Wealth, bonus: Dr. Pimple Popper Youtube channel (Jason is addicted)

Alan: CJ Optik Flexion Microscopes

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