#30: The Build-Up Weekly

Author

Trevor Kimball
December 29, 2023

*Welcome to the 30th edition of The Build-Up, where we deliver insights and inspiration for dentists on every stage of the private practice journey. If this email was forwarded to you, you can click here to subscribe.

Dear friends and colleagues,

I hope you all had a lovely Christmas holiday with friends and family.

This year has flown by, and I’m honestly shocked to see the first days of 2024 on the very near horizon - just under 60 hours away, in fact.

Here’s what I’ve lined up for this newsletter:

  • Securing Your Financial Future in 2024 [Webinar]

  • Learning and Growing in 2023

  • Bach, Possibility, and Perfection [Video]

Let’s go!

Smart Exit Strategies and Options for Dentists

To kick off the year, we’ll be hosting an exciting webinar series on “Securing Your Financial Future in 2024.”

As a practice owner, you’ve probably realized that there are more transition options in 2024 than ever before.

This comprehensive webinar will help you explore those options and how they affect your practice in today’s market.

We’ll be covering:

  • The Market in 2024: Interest Rates, Inflation, and Election Year Trends

  • Surprising Math: Run the Numbers Behind Private Sales, DSOs, and Private Equity

  • Understanding Practice Value Drivers: What Buyers Want Today

Join us as we explore your transition options in 2024.

Three Dates

  • Thursday, January 18th at 6PM

  • Wednesday, January 24th at 6PM

  • Friday, January 26th at 9AM

Presented by Bill Kimball, DDS & Darren Hulstine & Trevor Kimball, PhD

Learning and Growing in 2023 and 2024

This was a learning year for me. I learned about myself and my family and my team and the world around us.

I learned a little bit about overcoming perfectionism, getting into the arena, leading a sales team, being more present at home, and using my time effectively.

I am excited to continue learning about these things (and many more) in 2024.

I hope you also can look back and realize how much you learned this year.

I always enjoy Kent Hendricks end of year blog about 52 things that he learned, and - in the spirit of learning - I thought I’d share a few of those tidbits from 2023 here:

#4: Costco is responsible for 50% of all cashew sales in the world. (“Costco Clothing Is Cheap. WSJ Readers Love It. But Is It Actually Good Value?”)

#9: One in five mammals is a bat. (“Why are there so many species of bat?”)

#12: 44.4% of people have one joint on their pinkie toe and 55.3% have two. (“How many joints does the 5th toe have? A review of 606 patients of 655 foot radiographs”)

#16: Nobody knows what the “p” in “pH” stands for. (“When it comes to caustic wit and an acid tongue, mind your Ps and Qs”)

#51: If Martin Luther visited a city, it was 18.6 percentage points more likely to become Protestant, but if he just sent a letter, it was only 13.6 percentage points more likely to become Protestant. A total of 36% of all cities Luther either wrote to our visited adopted the Reformation. (“Multiplex Network Ties and the Spatial Diffusion of Radical Innovations: Martin Luther’s Leadership in the Early Reformation”)

Kent Hedricks - 52 things I learned in 2023

Here’s to a 2024 filled with new insights, captured opportunities, and expanded minds! Cheers!

Bach, Possibility, and Perfection

What would an end-of-the-year Trevor newsletter be without a little Yo-Yo Ma?

Here is one of my all-time favorites of the Bach cello suites with some of Yo-Yo Ma’s reflections superimposed on the performance.

I thought this was fitting for the end of the year:

This was especially pertinent for me:

❝

Nothing is perfect. Perfection is not achievable. So if we can actually admit that, then we can deal with everything. 

Yo-Yo Ma

And with that, I hope you enjoyed the 30th edition of The Build-Up Weekly, and the last for 2023. Big things to come in 2024!

With best wishes to you and your families,

Trevor Kimball, PhD

p.s. please use the link below to share our newsletter. 🙂 

These Six Mistakes Can Cost You Six Figures

Download our free guide “6 Mistakes to Avoid for a Successful Practice Sale” here. It’s material that I’ve covered in this newsletter before, but - if you’re contemplating a practice sale - the advice in this guide is crucial.

And if you’re ready to have a conversation with a practice sales professional, get connected with your local Integrity Practice Sales broker here.

It’s worth having a conversation, no matter your current transition plans.

You never know what you’ll discover together.