We Call This Work

Money and Mindset in Business

Keywords business management, entrepreneurship, debt management, financial strategies, startup challenges, mindset, adaptability, employee management, dental industry, success tips Summary In this episode, Dr. Travis Cripps and Dr. Luke Steele discuss the various challenges and strategies involved in running a business, particularly in the dental industry. They emphasize the importance of mindset, adaptability, and financial management, especially regarding debt and investment in oneself. The conversation highlights the significance of camaraderie over competition and the necessity of being prepared for unexpected challenges in business. Takeaways You have to have a mindset of where you want to be. Success just isn't going to come overnight. You need to protect your time as a service provider. Camaraderie is more important than competition in your field. Common sense isn't so common in today's world. You either win or you learn from your experiences. Don't look at money as just money; it's a tool for success. Invest in yourself first before splurging on luxuries. Time in the market is more important than timing the market. Having an emergency fund is crucial for business stability. Titles Navigating the Challenges of Business Management Mastering Debt Management for Entrepreneurs Sound bites "You always bet on yourself." "You either win or you learn." "Invest in yourself first." Chapters 00:00 Navigating Business Mindset and Stressors 22:19 Debt Management and Financial Strategies 22:46 Navigating Student Debt and Financial Realities 26:23 Investing in Yourself: The Key to Success 30:54 Building a Financial Foundation for Your Practice 36:14 Planning for the Unknown: Emergency Funds and Investments 40:54 Learning from Experience: The Value of Mentorship and Education

Season 2: Hiring and Firing in the Dental World

SUMMARY In this episode of We Called This Work, hosts Dr. Travis Cripps and Dr. Luke Steele discuss the challenges and insights of running a small business, particularly in the dental field. They explore the complexities of hiring and firing employees, the emotional toll of turnover, and the importance of finding the right fit for their teams. The conversation also touches on the balance between work and family life, emphasizing the need for flexibility and understanding in today's work environment. In this episode, Lucas Steele and Travis Cripps discuss the complexities of managing a growing dental practice, including the challenges of team dynamics, the emotional toll of firing employees, and the importance of learning from other industries. They emphasize the need for compassion in management and the reality of business ownership, highlighting that success in dentistry is not just about clinical skills but also about effective business practices. TAKEAWAYS * The podcast aims to bring value to rural communities. * Firing employees is one of the most challenging aspects of business ownership. * Hiring fast and firing faster can be an effective strategy. * Job hopping is a red flag in potential hires. * It's important to look for humility, hunger, and intelligence in candidates. * The first 90 days are crucial for new hires to impress. * Employee turnover can feel like a personal failure for business owners. * Clarity in expectations is essential to avoid misunderstandings. * Balancing work and family life is increasingly important for employees. * Creating a supportive work environment can lead to better employee performance. Navigating growth requires aligning and energizing the team. * Firing employees is emotionally challenging and requires compassion. * Documenting performance issues is crucial before termination. * Emotional investment in employees affects management decisions. * Learning from other industries can provide valuable insights for dental practices. * Business ownership involves balancing clinical work with management responsibilities. * Creating a positive work environment can enhance team morale. * Understanding the emotional impact of firing on both parties is essential. * Networking with other business owners can lead to new ideas and strategies. * Success in dentistry is as much about business acumen as it is about clinical skills. * Navigating the Challenges of Small Business Ownership * The Art of Hiring and Firing in Dentistry * Balancing Work and Family: A Modern Dilemma * Insights from the Dental Practice: Hiring Strategies * "It's not the funnest thing." * "I hire fast. I fire faster." * "Are they humble, hungry, and smart?" * "I don't know if I like it." * "Firing people is hard." * "I take a lot of the blame." * "You never do that one-on-one." * "You have to rip the bandaid off." * "We want to help you." Chapters 00:00 Welcome to Season 2 02:30 Shifting Focus: Small Business Insights 03:28 The Challenges of Hiring and Firing 09:06 Finding the Right Fit: Hiring Strategies 11:26 The Emotional Toll of Turnover 15:04 Responsibility in Firing: Owner's Perspective 19:14 Balancing Work and Family Life 24:31 Navigating Growth and Team Dynamics 28:25 The Challenges of Firing Employees 32:56 Emotional Investment in Team Management 36:58 Learning from Other Industries 42:45 The Reality of Business Ownership

Episode 8: Corporate Dentistry in Rural Areas

In this episode of the We Call This Work podcast, Dr. Travis Cripps and Dr. Luke Steele engage in a comprehensive discussion about the complexities of dental practice ownership, particularly in rural areas. They explore the implications of multiple practice ownership, the balance between profit and patient care, and the challenges of hiring and retaining staff. The conversation also delves into the differences between corporate dentistry and private practice, emphasizing the importance of ethical treatment plans and building strong relationships with patients. The hosts encourage self-awareness among dental professionals and highlight the significance of community engagement in practice success. Takeaways * No question is a stupid question. * Self-awareness is crucial in practice management. * Profit should never come before patient care. * Multiple practice ownership can be complex and challenging. * Building relationships with patients is key to practice success. * Corporate dentistry has its pros and cons compared to private practice. * Hiring and retaining staff is a significant challenge in dentistry. * Ethical treatment plans are essential for patient trust. * Flexibility in small business allows for quick adaptations. * Community engagement enhances the value of dental practices. * Navigating Multiple Practice Ownership in Dentistry * The Balance of Profit and Patient Care * "No question is a stupid question." * "It comes down to self-awareness." * "If you build it, they will come." Chapters 00:00 Introduction and Community Engagement 01:26 Exploring Multiple Practice Ownership 05:27 Self-Awareness in Practice Management 08:21 Balancing Patient Care and Profit 15:28 Corporate Dentistry: Myths and Realities 22:46 The Importance of Ethical Treatment Plans 23:39 Ethical Problem Solving in Dentistry 24:53 Building Confidence and Experience 27:02 Challenges of Small Market Dentistry 28:17 Corporate vs. Private Practice Dynamics 30:52 The Importance of Community Relationships 32:48 Adapting to Change in Private Practice 39:46 The Value of Autonomy in Dentistry 44:03 Self-Awareness and Career Choices

Episode 7: "The Customer is Always Right" is Wrong

In this episode of the We Call This Work podcast, Dr. Luke Steele and Dr. Travis Cripps discuss the expectations that both patients and dental professionals have in a dental practice. They emphasize the importance of mutual respect, open communication, and accountability in the patient-doctor relationship. The conversation covers various aspects of patient experience, handling difficult situations, and the impact of reviews and feedback on dental practices. The hosts share personal anecdotes and insights to illustrate their points, ultimately advocating for a collaborative and respectful environment in dental care. TAKEAWAYS * Patients have high expectations when visiting a dental office. * Respect and dignity should be mutual between patients and staff. * Open communication can prevent misunderstandings and improve patient experience. * Accountability is essential for both patients and dental professionals. * Handling difficult situations with empathy is crucial in dental practice. * Creating a positive environment enhances patient satisfaction. * Reviews can be subjective and may not reflect the true quality of care. * It's important to set clear boundaries in patient interactions. * A little appreciation can go a long way in building relationships. * The dental profession requires a balance of business and care. * Setting Expectations in Dental Care * The Importance of Communication in Dentistry * "Open communication is key." * "I want to help you out." * "Everything is marketing." * Chapters 00:00 Setting Expectations in Dental Care 03:14 Respect and Communication in the Dental Office 06:15 Accountability and Policies 09:29 The Importance of Open Communication 12:17 Empathy and Understanding in Patient Care 15:17 Building Positive Relationships with Patients 21:54 The Impact of Attitude in Dentistry 24:51 Navigating Patient Expectations 27:23 Advancements in Dental Technology 30:30 Enhancing Patient Experience 32:18 Marketing Through Patient Interactions 35:06 Understanding Mutual Expectations 38:06 Handling Reviews and Feedback

Episode 6: Lessons Learned

In this episode, Dr. Travis Cripps and Dr. Luke Steele reflect on their podcast journey, discussing the insights gained from their guests and the importance of community engagement in dentistry. They emphasize the value of patient care, the challenges faced by new dentists, and the significance of building a good reputation in the field. The conversation also touches on the benefits of residency and continuing education, as well as the importance of trust within the community. Looking ahead, they express excitement for future episodes featuring specialists and the opportunity to further explore these themes.takeaways * The podcast has been well-received by the community. * Community engagement is a vital aspect of dental practice. * Every guest shares a common theme of valuing community. * The first six months of practice are crucial for new dentists. * Experience is more valuable than immediate financial gain. * Residency can significantly enhance a dentist's skills. * Building a good reputation is essential in dentistry. * Patient care should always be prioritized. * Trust between dentists and patients is critical. * Future episodes will feature specialists to provide more insights. * The Journey of Dentistry: Lessons Learned * Community and Care: The Heart of Dentistry * "You have to reframe your mindset." * "Maybe COVID wasn't the worst thing ever." * "You have to do the best job you can." Chapters 00:00 Reflecting on the Podcast Journey 04:16 Community Engagement in Dentistry 08:15 Lessons from Guests: Insights and Experiences 12:11 The Importance of Residency and Training 16:24 Building Confidence in Practice 20:19 Caring for Patients and Community 24:12 Closing Thoughts and Future Directions