How To Build And Sell A Practice - with Grant McAree

Brad returns with special guest, Dr Grant McAree, the founder of one of the internet’s most valuable resources for dentistry professionals, and one of the most successful operators of  business and marketing courses for dentists. Grant has just sold his own dental practice for a multiple figure sum, and joins Brad to share his inspiring story, talks you through the mechanics of buying and selling a practice, and discusses why selling a practice should not be considered to be a one-time event in your own dental career.  KEY TAKEAWAYS Many believe that the culmination of a dental career comes with the sale of a practice, but as Grant has proved, selling a practice can be a regular occurrence, allowing us to achieve financial freedom and the ability to pursue other interests. A squat dental practice is essentially a practice started from scratch, usually with a single surgery to begin with and aspirations to be a highly profitable business. Open Day advertising should never cease The important thing is to get customers interested, and coming through the door. It should not be limited to one day per period. Running a practice for profit is entirely different to the model you need to adopt if you wish to exit through sale. There are ways of increasing the potential value of your practice for sale that must be considered in order to make the proposition more attractive to potential buyers. BEST MOMENTS 'In dentistry there isn't enough truth about building a practice' 'This is a golden time for the financial aspect of dentistry' 'What cheapens your profession is doing bad work' 'This doesn't have to be complicated' VALUABLE RESOURCES The Dental Business Podcast       Grant McAree LInkedIn - https://dentalbusinessmentor.co.uk/business-coach-for-dentists/ Advertising And Marketing Tips By Dentists For Dentists (Facebook) - https://www.facebook.com/events/d41d8cd9/advertising-and-marketing-tips-for-dentists-by-dentists/311842172803750/ ABOUT THE HOST Brad believes that everyone at any level should be focused on achieving multiple sources of income to create diversity and balance in life. He feels passionate about helping dentists work towards freedom by building wealth in different areas and helping to develop a mindset to improve one’s ability to handle the stresses of clinical life.  Still a practising dentist, Brad has implemented strategies to create a practice to allow him to carry out the dentistry he wants whilst continually expanding with loyal staff and patients. These strategies can be adapted to any dentist, whether you are an associate or the practice owner, to help bring back your passion for dentistry. In addition to running a successful private dental practice, he has grown several other dental businesses and as an investor is growing wealth outside of dentistry to help protect his legacy for his growing family. He is chair of the Horsforth Town Team, dedicated to the promotion and development of business in his local area in North Leeds, UK. Due to his track record and down to earth advice, he has become sought after as a mentor and spends part of his time dedicated to mentoring dental professionals about business, mindset and personal development. CONTACT METHOD Brad Thornton Instagram Brad Thornton LinkedIn Brad Thornton Facebook brad@bradthedentist.com

Om Podcasten

The Dental Business Podcast hosted by dental entrepreneur, investor and mentor, Brad Thornton, offers a mix of practical advice as well as  personal development and mindset to help dental professionals in and out of the dental practice. The podcast will cover all aspects of dental business from marketing,  brand development to practice purchase and associate contracts, and will also include strategies for personal development and wealth creation. Brad will share his stories and also interview those who have excelled and pushed ahead to find the golden nuggets of advice from guests who have well and truly made it. Brad believes that everyone should be aiming for multiple sources of  income and be building wealth outside of dentistry, planning for freedom  where we are less reliant on clinical practice. That being said, Brad is  a practice owner and still a busy practicing dentist. His common sense approach and logical advice comes from over a decade starting and scaling various businesses in the dental field generating millions of pounds of revenue per year. The show will benefit anyone wanting to improve their practice, their  working life and their mindset. A podcast for those who want to develop  themselves and push for success in all aspects of their life.