This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
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This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
49. Expanding Your Practice | Second Location Strategies That Work
Dental Business
34 minutes 7 seconds
4 months ago
49. Expanding Your Practice | Second Location Strategies That Work
Key Strategies for Successfully Expanding Your Dental Practice
In this episode of the KLAS Solutions Dental Education podcast, Phil Cole discusses the important considerations and strategic roadmap for dental practice owners contemplating opening a second location. Key points include assessing if your current practice is truly maxed out, common pitfalls to avoid, and how to effectively structure your team and systems to support expansion. Phil emphasizes the importance of basing decisions on data and creating a solid platform for growth, rather than succumbing to emotional impulses. Additionally, the podcast covers essential aspects like market demographics, competition analysis, and the necessity of leadership and strong systems to build a successful multi-location practice. Whether you're planning your first expansion or looking to avoid burnout during growth, this episode offers invaluable insights for dental entrepreneurs.
00:00 Introduction and Overview
01:16 Assessing Readiness for Expansion
05:08 Identifying Red Flags
10:07 Choosing the Right Location
20:17 Scaling Systems and Leadership
26:17 Common Mistakes to Avoid
30:15 Final Thoughts and Action Items
Visit klassolutions.com for more information about our Coaching, Transition, Marketing and Accounting Services.
Dental Business
This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.