Episode length: 1h 24m | Published: 2022-06-21
Smart people make dumb mistakes — especially when they're highly trained clinicians running a business they were never taught how to manage. David Harris sits down with Dr. Rich Madow, former practicing dentist, speaker, and co-founder of The Madow Group, to talk candidly about the most common — and costly — mistakes dental practice owners make.
Topics covered include:
- Why dental school training leaves practitioners unprepared for business ownership
- The most common management mistakes dentists make — and why they keep repeating them
- How to stop being the bottleneck in your own practice
- The hidden costs of employee turnover and how to reduce it
- Production and collection mistakes that drain revenue without most owners noticing
- Why dentists avoid difficult conversations — and how to stop avoiding them
- How to get more enjoyment from your practice while working less hard
About Dr. Rich Madow: Dr. Madow is a former practicing dentist, nationally recognized speaker, and co-founder of The Madow Group. Visit www.madow.com to learn more.
Overlooking Embezzlement Risk Is a Mistake Smart Dentists Can Avoid
Even highly successful dentists can have blind spots when it comes to financial oversight. Prosperident helps you see the full picture — before it becomes a problem.
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Episode Timestamps
- 0:00 - Introduction / Show open
- 4:12 - Why dental school training leaves practitioners unprepared for business own
- 16:00 - The most common management mistakes dentists make
- 24:00 - How to stop being the bottleneck in your own practice
- 36:44 - The hidden costs of employee turnover and how to reduce it
- 48:00 - Production and collection mistakes that drain revenue without most owners n
- 56:00 - Why dentists avoid difficult conversations
- 1:12:00 - How to get more enjoyment from your practice while working less hard
- 1:20:08 - Closing / How to contact Prosperident