Dr. Tim Richardson is a pediatric dentist and the owner of Acorn Dentistry for Children in the greater Portland, Oregon area. After residency, Dr. Richardson bought and grew three offices in a five year period. After feeling the stresses of burnout coming on, he decided to sell these offices and start over with both a goal and team-oriented mindset. He has since started six pediatric offices in a five year period, and leads a team of nine pediatric dentists as partners and associates. In this episode, we discuss:
- Where is the line drawn between "corporate" dentistry and large group practices
- How to reinvest equity into growth to make other people's money work for you
- Why Dr. Richardson went with a growth and volume model over being a sole practitioner
- How to use real estate to minimize taxes
- Why he doesn't put money into traditional investments like the stock market, and instead invests that money into his practice
