In this episode, I’m joined by multi-practice owner and good friend Dr Nauv Kashyap. We discuss what we think are some key entrepreneurial principles to become a great dental practice owner. No more being an employee in your own business. We share our tips and insights for how to transition into true business ownership.
Since 2010, Dr Nauv Kashyap has been helping dentists transition into ownership with some excellent results. Many dentists have relied on him to provide expert guidance as they take on the challenges of ownership.
Dr Nauv Kashyap bought his first practice in 2008 with approx $400K a year turnover and 2,500 patients. He has started a further ten dental practices and has also sold practices. He continues to find opportunities for successful startups and takeovers even through a saturated dental market.
In this episode, we discuss:
4:22 Why the growth of the business can never outstrip the business owner
6:30 Why it’s important to start with your end goal in mind
12:05 Keys to managing your risks and responding to failure
18:20 Why managing your energy is more important than managing your time
23:22 Why looking after your hearth and well being is key to entrepreneurial success
26:23 The main reasons you should question the status quo and look for opportunities
32:37 How successful entrepreneurs delegate (and how to relinquish control)