567: Howard’s Best Advice for a Successful Career in Dentistry - Dr. Howard Farran - a podcast by ACT Dental

Howard’s Best Advice for a Successful Career in Dentistry

Episode #567 with Dr. Howard Farran

An A in dental school is an A in dental school. Without learning about business, you won't have a successful practice. To help you think better about the business side of dentistry, Kirk Behrendt brings in Dr. Howard Farran, founder and owner of Dentaltown, to offer some of his best advice for a successful career in dentistry. To hear Dr. Farran’s insights and to learn what dental school never taught you, listen to Episode 567 of The Best Practices Show!

Episode Resources:

• Dr. Farran’s website: https://www.howardfarran.com
• Dr. Farran’s Facebook: https://www.facebook.com/HowardFarran
• Dr. Farran’s social media: @howardfarran
• Dentaltown: https://www.dentaltown.com
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Links Mentioned in This Episode:

Uncomplicate Business: All It Takes Is People , Time, And Money by Dr. Howard Farran: https://www.barnesandnoble.com/w/uncomplicate-business-howard-farran/1120331563

Main Takeaways:

Your practice is a business. Learn about business.

Learn about demographics before starting your practice.

There's no “good” time to start your business. Just start now.

Audit the people, especially the dentists, you choose to be around.

You're not a doctor of everything. Learn to delegate things you're bad at.

Spend and invest wisely! Bad spending habits will be the source of your stress.

Quotes:

“If you get an A in business and you're a horrible dentist, you'll be a millionaire. If you're the best dentist in Kansas City and you don't know anything about business, you're going to have a very miserable career. You have to learn business when you live in capitalism, especially somewhere like the United States.” (4:45—5:01)

“Demographics is the most important thing [to learn]. I'd say in the last ten years, every time I see a kid come out of school and they do $1 million the first year and put $350,000 take-home, they always went to a town of 5,000 and they're the only dentist. A lot of them went to a town of 2,500. But you see in Arizona, where we have two schools, every kid thinks that if they go to North Scottsdale where all the rich people live, that's where they would make the most money. And in 2008, when we had the economic collapse, I think Arizona had like 74 or 76 dental offices go under. Half of them were in North Scottsdale. And when I opened up in Phoenix, Arizona, the town south of me, Maricopa, which is a 30-minute drive, did not have a...

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