7 Traits of Dental Entrepreneurs

Play Video

Patient Attraction Episode 338

Welcome back to the Patient Attraction Podcast. I am Colin Receveur, and today we are going to talk about whether or not you are an entrepreneur. Stay tuned.

– Hello everyone.

– Most of you own your practice.

– So of you bought it from someone else, but others of you started it from scratch.

– The dictionary defines an entrepreneur as a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

– By that definition, almost any dentist who manages his or her own practice is an entrepreneur.

– But I recently came across a blog that identified 7 traits of entrepreneurs.

– I want to share those with you today, with a dental spin.

  1. You have never “arrived.”

– This means you will never look around and say, “This is enough. I can stop building my practice.”

– An entrepreneur asks, “What can I do next?”

  1. You have trouble letting go.

– It is difficult to turn over control to your staff.

– But that is why you pay them.

– Let people do their job so you have time to do the things that only you can do.’

  1. You are willing to sacrifice in the short-term and take risks for long-term success.

– Unless you are a trust fund baby, you started your practice with a lot of debt.

– School loans, equipment and building costs: it can be very intimidating.

– So why is it worth it?

– Because you know you can make it work!

  1. You start off wanting a business for the money but ultimately want to see your creation succeed and reap the freedom that comes with it.

– There’s a reason we offer clients more patients, more profits and more freedom.

– Dental entrepreneurs want to manage something that is their own – and that they can run THEIR way.

– Otherwise they would work for someone else.

  1. You see things differently.

– Again, if you wanted to do things the way someone else thought they should be done, you’d work for that person.

  1. Other people don’t understand your drive.

– You may have been dissuaded from starting your own practice.

– People may have even dissuaded you from going to dental school and incurring so much debt.

– The important thing is THEY don’t have to understand as long as you do.

  1. Finally, you are more introspective and quiet than outgoing.

– You don’t have to be the outspoken life of the party to be a leader.

– In fact, sometimes it’s better if you’re not.

– Being a good listener is more important than being a good talker.

– How many items on this list apply to you?

– Come back tomorrow and I’m going to tell you a crazy story from World War II.

– Until then, keep moving forward.