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Arizona, Dr Mark Costas, California discussed on The Dentalpreneur Podcast with Dr. Mark Costes

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Automatic TRANSCRIPT

Welcome to another episode of the dental podcast. I'm your host, Dr Mark Costas, and I'm just chilling here at the university of Nevada Las Vegas. With the business club called. The business club doing tonight. All right. So we just got done filling their brains with lots of I think good information. But I know you guys have some questions. So I'm gonna take questions for the next ten fifteen minutes for I let you guys go. So does anybody have anything? Good to ask. Yes, ma'am, your name. And at what what gradient or what grade you in. What what? I don't know what he say. What year my name is aleisha Namibia's too. And my question is since I know you're from California as well. And LA Hoya sounds great. How do I find a place that I want to live and practice in? That's not going to be the Loa 'cause you're in Arizona rate. Yes, I'm in Arizona. And I love Arizona. But I am I'm a beach kid. So I do miss it. So, you know, I get to the ocean as much as I can what I would do is. I would I would look into some resources that are good at studying demographics. Demographics dot com is a great one also lots of different resources out there. So if you pick a region, you can say, hey, look, I wanna live somewhere in the south west or I wanna live in California somewhere, can you? Find me a soft spot where there is actually favorable demographics and a good demographic company will actually be able to find that area for you. Then you go out and visit you see if you have if you're feeling it. And if you are you can look to see if there's you know areas where you could. A startup if that's what you're interested in doing or you can acquire practices. Well, K. It's it's that's the best way to go. Do the demographic research first, and then go and fall in love with the place don't decide that you have to live in this particular area. And you know, you you just have to be flexible, you could still live in a great place. There's still lots of pockets here, and there in very very desirable places. So that's how I would handle it that cycle. Everybody else. Max Muth second year as well. So after you educating us a little bit more on startup versus acquisition if you did want to do the acquisition route. But you go in find practices that are, you know, at this sixty eight to seventy two percent, you know, making all these mistakes and stuff like that. Would it be a smarter route to just bite the bullet and do the startup or go with an acquisition of a practice somewhat failing? And then just try to you know, turn it around which your suggestion on that..