Podcast Episode #431: The Entrepreneurial Dentist and The Changing Dynamics of Dentistry – Mark Costes
Episode #431: Dentist Freedom Blueprint Podcast
The Entrepreneurial Dentist and The Changing Dynamics of Dentistry – Mark Costes
A familiar face joins the show today! With plenty of experience in building, growing, and selling businesses, Mark Costes is a thought leader and influencer in the marketplace. In this episode, we talk about the program he created for dental assisting and how he views and uses mistakes to shape his many successes in life and business.
Listen in to learn how he held onto his entrepreneurial spirit and grew his business mindset even in the midst of dental school. You will also hear about the “belt system” that comes into play when he is advising doctors on what kind of ratio to hit when it comes to business development and the development of clinical skills. And don’t miss where Mark sheds light on the opportunities and drawbacks that come with multi-practice ownership.
Minute Markers:
1:51 – Mark’s experience owning and growing practices and businesses.
4:19 – What drove him to create something different and bigger.
9:32 – How he learned entrepreneurship and the basics of business (and how he held onto those lessons through dental school).
13:42 – The best ratio between clinical development and business development.
17:20 – What Mark recommends when it comes to multi-practice ownership.
20:57 – How he consults and coaches younger dentists who are dealing with a difficult level of debt and a rough market.
23:50 – Things that helped him change his trajectory toward dental school and business ownership.
26:00 – The upcoming Dental Success Summit.
27:47 – What it’s like being out of the dentist’s office.
Featured on the Show:
Mark Costes: Website | Podcast | YouTube
Pillars of Dental Success by Dr. Mark Costes
Think and Grow Rich by Napoleon Hill
The E-Myth by Michael Gerber
Dental Success Summit
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.