Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
34 - From the Army to Building a $70M Dental Empire with David Ensley
Join me, Nik ( https://x.com/CoFoundersNik ), as David Ensley (https://x.com/theDSOguy ) shares his inspiring journey from serving in the Army to creating a successful dental business that is now part of a 21 location & $70 Dental Services Organization (DSO).
In this episode, you will learn about David's unique path to becoming an orthodontist and the innovative strategies he used to build a thriving DSO. David's story is filled with practical insights and personal experiences that highlight his commitment to quality dental care and business excellence.
David's journey from an Army scholarship to owning a dental empire, along with his deep understanding of the business side of DSOs, provides valuable lessons for entrepreneurs and healthcare professionals alike. This episode is rich with strategic advice and motivational stories, making it essential listening for anyone interested in business growth, healthcare management, and the experiences of a veteran entrepreneur.
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Here are some questions this episode answers:
- What inspired David to pursue a career in orthodontics?
- How does the DSO model work, and why is it beneficial for dental practices?
- What are the key marketing strategies for growing a dental practice?
- How can maintaining strong profit margins drive business success in the dental industry?
- What challenges and rewards come with transitioning from military service to civilian entrepreneurship?
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Please LEAVE A REVIEW on any of these platforms:
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
YouTube: https://tinyurl.com/nikonomicsYT
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In this episode we covered:
01:43 Introduction to Orthodontics and DSOs
2:09 Journey to Becoming an Orthodontist
04:13 Understanding the DSO Model
05:29 The Business Side of DSOs
08:27 Celebrate Dental & Braces: Structure and Growth
19:20 Marketing Strategies for Dental Practices
23:19 Financial Insights and Profit Margins
24:47 Rapid Fire Questions and Final Thoughts
