In today’s episode, David Janesh, your host, is joined by Dr. Marc Faber who runs seven offices with 60-plus employees located in the Hudson Valley, Northern New York. In today’s episode, Dr. Faber talks about how he grew his practice and built amazing working groups. Dr. Faber doesn’t hesitate in sharing his tips and secrets and for that, he dives deep into the following topics:
- Discovering opportunities and knowing when to step away from an apparently good deal.
- Creating a more efficient business that will also be more profitable.
- Investing in technology.
- Strategies to buy an office.
- The real estate piece of buying a dental practice.
- What is the technology to put into each office?
- What is the key to make every visit a productive one?
- People management.
Top Three Takeaways:
- Location is key.
- Buying the real estate is a way of protecting the business.
- Create a better patient experience: Treat patients, not insurance companies.
Mentioned in this episode:
Learn more about Dr. Marc Faber
Email Dr. Marc Faber at drmarcfaber@gmail.com
Tweetables and Quotes:
“When you have an efficient business you are a more productive and consequently more profitable business.”
“There has to be a purpose for the technology you are buying and a reason for it.”
“Treat patients, not insurance companies.”
“The owner/founder of a practice is not the most important person, employees know more of what is going in that practice.”
“Follow the natural progression of your business, don’t rush it!”
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