28. Practice, profits, and purpose: The 3 Ps of practice ownership

With Stephen Trutter

When starting a healthcare practice, it's easy to get caught up in the details – the who, what, where, and when of opening your practice, so to speak..

But have you stopped to think about the "why"?

According to this week's guest, Stephen Trutter, too often the "why" of practice ownership is an afterthought – if it's considered at all.

Meet our guest

As CEO at Ideal Practices, a dental consulting firm that’s opened more than 3,000 practices, Stephen knows a thing or two about the topic.

Throughout his 17 years in dentistry, Stephen has personally guided more than 850 startup practices. He preaches what he calls "the three Ps of practice ownership: practice, profits and purpose."

In this episode

Why it's critical to define a "why" for your practice and to commit to supporting a cause in the community
How to leverage community involvement to strengthen the business end of your practice
Who is a good candidate for starting their own healthcare practice
How to find the right location for your startup
Some of the common traits of the most successful startups he’s coached

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