True Dental Success Institute

075: Dr. Mark Costes – Creative Practice Financing, Balance & Favorite Books

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Dr. Mark CostesWelcome to another episode of The Dentalpreneur Podcast. On today’s episode I would like to share some of the questions and comments I have received in the last month or so.

To start, I address a question I am asked very often about maintaining work/life balance. Balance is a continuous evolution between life and your never changing non-negotiables. I explain what the differences are for me now that I have more experience in practice management and systemization. I am again in a business growth mode, but armed with new tools I am able to continue the balance I have established with my family and work life.

Next, I take a question regarding profit management and ways to manage that profit. I also share the more dependable ways to develop a tangible plan for that income.

Finally I discuss creative strategies I use to negotiate the purchase of practices. I cover a recent purchase deal that includes a 10% down payment, owner financing, and 10 year amortization with a balloon payment in 2 years.

“Listener questions”, is one of my favorite types of episodes, because the variety of topics is broad and there is so much information shared.

All of that and more on today’s episode of The Dentalpreneur.

In this episode you’ll hear:

  • Why you don’t have to choose between happiness and success
  • How to grow after you have defined your non-negotiables
  • How I manage the profit of a successful practice
  • How to utilize your travel and down time for personal growth by listening to podcasts and audio books
  • Creative strategies for negotiating the purchase of a practice

Thanks to you for joining us on another episode of the Dentalpreneur podcast.

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One Response to “ 075: Dr. Mark Costes – Creative Practice Financing, Balance & Favorite Books ”

  1. Roberto L. says:

    Very interesting blog you got going on here. You have a wide range of topics that you can cover. This is a great place to come to find help on business improvements. 🙂