In this episode, Jayme will officially initiate the startup practice masterclass for doctors considering setting up their own practice, and he will start by diving into the first P of the three Ps he unveiled in episode one and discussing the 13 stages that it all boils down to, while also sharing the biggest mistakes that startup practice owners should avoid. Learn more at: https://idealpractices.com
In this episode, Jayme will officially initiate the startup practice masterclass for doctors considering setting up their own practice, and he will start by diving into the first P of the three Ps he unveiled in episode one, which are, Practice, Profit, and Purpose. Practice refers to the act of opening up a practice and Jayme will share and discuss the 13 stage guide that it all boils down to. He will also talk through the biggest mistakes that startup practices make and reveal the three big promises that one must ensure they’re fulfilling.
The first promise is clarity, and it’s all about one being clear on which choices are the best for them when they’re setting up a startup practice, and what's actually working for startups in the industry (not theories or ideas). The second one is confidence, and it refers to a doctor’s personal confidence in themselves and their entrepreneurial capabilities as they start their practice. Entrepreneurial studies on successful business owners in and out of dentistry have shown that the top priority for an owner is for them to maintain and protect their confidence.
The last promise is good decisions, and Jayme’s core goal is to really empower aspiring startup practice owners to make good decisions by sharing hundreds of case studies of successful practice owners, and introducing the top minds in startup business in general. The 13 stage guide of starting a startup practice that Jayme will share include vision, financing, demographics, site selection, design and floor planning, equipment selection, construction bidding, permits, marketing/hiring/startup MBA, construction commencement, equipment installation, dress rehearsal, and grand opening. Succeeding in all the 13 stages and avoiding the major mistakes that startup practices make will define just how successful an associate dentist will be with their startup practice, and Jayme will gladly share all his wisdom on those topics. Stay tuned for more.
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