Next Gen DDS

Good Debt vs. Bad Debt I Debt Defined

Scott and Mario are back for a brand new season of NextGenDDS! This season, Debt Defined, will focus on all the types of debt a dentist may incur over their career. The word "debt" often carries a negative connotation, but not all debt is bad! On this episode, Mario and Scott discuss good and bad debt, what the difference is between the two, and what types of debt fall into both categories. _____________________________________________________________ Want to submit a question that Mario and Scott will answer on the next episode? Email us at newsletter@mcgillandlyon.com If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

You're the Head of HR I Building Your Team

We've reached the final episode of our "Building Your Team" season! On the season finale, Scott and Mario discuss some dentists' most daunting role as a business owner: the head of HR. They discuss how HR policies have changed over the years and the need for updated, written guidelines to protect your business and ensure all employees understand your expectations. We'll be back shortly with the start of our next season: Debt Defined. Thanks for tuning in! _____________________________________________________________ Want to submit a question that Mario and Scott will answer on the next episode? Email us at newsletter@mcgillandlyon.com If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership at mcgillandlyon.com/student Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Building Your Team - The Legal Essentials

From your first contract to owning a practice, legal decisions shape your financial future more than most dentists expect. In this episode, we break down exactly when and why dentists need a lawyer across every stage of their career. From choosing the right business entity to reviewing employment agreements, partnership deals, and practice purchase contracts, the legal decisions you make early can have long-term financial consequences. ______________________________________________________________ Want to submit a question that Mario and Scott will answer on the next episode? Email us at newsletter@mcgillandlyon.com If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership here [https://publish.blubrry.com/s-3563250/episodes/e-152210948/edit/mcgillandlyon.com/student]! Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Building Your Team - Selecting Insurance Coverages

There are a lot of insurance options out there - so how do you know which insurance you actually need and how much coverage to have? Mario and Scott discuss everything insurance on today's episode! When we hear "insurance" in regards to a dental practice, it can mean one of two things: the dental insurance patients use to cover their visits, or the insurance policies that practice owners purchase to protect themselves or to provide to their staff as a benefit. On this episode, we'll be discussing the latter. Mario and Scott talk about how to select insurance policies, where to go about finding them, the benefits of coverage, and more! ______________________________________________________________ Want to submit a question that Mario and Scott will answer on the next episode? Email us at newsletter@mcgillandlyon.com If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership here [https://publish.blubrry.com/s-3563250/episodes/e-152210948/edit/mcgillandlyon.com/student]! Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.

Building Your Team - Your Financial Advisor

High income doesn’t automatically mean smart financial decisions! On this episode, Scott and Mario explore why young doctors should consider partnering with a financial advisor sooner rather than later. They discuss practical investment strategies, what fair advisor fees actually look like, and how to avoid costly mistakes so your financial future is as strong as your dental career! ______________________________________________________________ Want to submit a question that Mario and Scott will answer on the next episode? Email us at newsletter@mcgillandlyon.com If you're not already, subscribe to The McGill & Lyon Dental Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership here [https://publish.blubrry.com/s-3563250/episodes/e-152210948/edit/mcgillandlyon.com/student]! Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.