Ask George - What to Expect When You're Expanding
Shared Practices | Your Dental Roadmap through Practice Ownership
Dr. George Hariri | Shared Practices Network
4.9 • 559 Ratings
🗓️ 7 April 2025
⏱️ 45 minutes
🧾️ Download transcript
Summary
Expanding a dental practice is an exciting but high-stakes challenge. In this episode of Ask George, Richard and George take a deep dive into the operational and financial realities of scaling up. From hiring the right office manager to streamlining systems for efficiency, they discuss the critical steps that can make or break a growing practice.
The discussion also touches on the financial stress of expansion, how to prepare cash reserves, and why managing risk wisely can mean the difference between a thriving multi-doctor office and a financial disaster. Whether you're adding an associate or considering a large-scale expansion, this episode offers real-world strategies and key insights to help you navigate the process successfully.
Transcript
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| 0:00.0 | Welcome to shared practices. This is the conversations that occur about practice ownership |
| 0:09.3 | that you really can't find anywhere else because you get the perspective of people who've done |
| 0:14.3 | this in the trenches. We've seen it over and over and over with our coaching clients, |
| 0:19.9 | with our own practices, and that kind of experience |
| 0:22.6 | to have a high-level conversation about what growing practices look like, how to pull all |
| 0:28.3 | these levers and navigate really what's tricky to do. You just can't find that anywhere else. |
| 0:34.8 | So, George, I'm so excited to have this conversation today. |
| 0:39.0 | Yeah, me too. |
| 0:39.6 | And I think that, you know, one of my favorite parts about Ask George is we essentially take |
| 0:44.3 | different things that we've talked about on the shared practices podcast and a term |
| 0:47.9 | that I like to use is double click on them. |
| 0:49.8 | And so, you know, this episode today is a double click on a couple of things. So I recently did |
| 0:56.1 | a practice underwater with Greg Oreo. So it was my first practice underwater in like maybe |
| 1:00.6 | four years, something like that. And I had this, it was just a great guy, not his real name, |
| 1:06.1 | but I call him Greg Oreo. And the editors, you know, they spelled it the traditional way, |
| 1:09.5 | but I wanted it to be Oreo like the cookie. But anyway, so, um, Greg hyphen Oreo. Yeah, Greg hyphen Oreo. So, |
| 1:17.8 | nonetheless, I think that from my perspective, you know, there were some things that we talked about |
| 1:22.3 | in that episode around the operational components of going from a solo practice to a group practice and the financial |
| 1:31.2 | components of that. And in Gregorio's case, he had an associate. So it was himself, an associate. |
| 1:36.8 | And then there was a conversation about going from seven operatories to like 12 and, you know, |
| 1:41.7 | expanding into that mega group. And I think that there's just a really needed |
| 1:47.3 | conversation around some of the operational levers that need to be pulled in that expansion |
... |
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