Olya Banchik's guest appearances

Olya Banchik

Shared Practices | Your Dental Roadmap through Practice Ownership

Vanessa Van Edwards

Scott Smith

Matt Porter

Aaron Miller

Mel Robbins

Michael Anderson

Dan Pink

Gary Takacs

Jordan Thomas

Josh Cochran

David Cohen

David Harris

David Alvey

Inigo Montoya

Jason Wood

OwlTail

This week on Shared Practices see’s the return of Dr Olya Banchik, Dr. Banchik is on the forefront of cosmetic dentistry and studied at the world-renowned Las Vegas Institute for Advanced Dental Studies, where she has completed numerous courses in the most advanced techniques of aesthetic dentistry and treatment of temporomandibular disorders. Recently Olya moved from Vegas to North Carolina to start her new practice and we catch up with her to discuss all of the recent developments. For the third instalment of Richards interviews with Olya, we initially focus more on the obstacles that she faced starting her practice from scratch. More of a what to avoid episode as opposed to the last few weeks. Once again, Olya tells some funny anecdotes about some issues she encountered early on and we cover a massive range of topics. Such as : Early infrastructure problems, time allocation, getting set up with insurance, marketing tips, expectations versus reality and later on we cover what drove Olya to go from clinical dentistry to where she is now.   ::Links::   Banchik Dental - http://www.banchikdental.com/about/meet-dr-banchik Reach out to Dr. Olya Banchik about consulting on a practice acquisition: drbanchik@d2dadvisors.com Reafield Dental - https://reafielddental.com/   :: Sponsors ::   Blue Sky Bio -  Download the revolutionary free implant planning software   Find out more about discount on pair Q-Optics loupes Email: SP16 to sales@q-optics.com   ::Topic Timecodes:: 00:00 – 00:23   Episode intro with Richard.   02:39 – 05:00   How people have been responding to the episodes with Olya.   05:01 – 11:20   The process of choosing a location and balancing opportunity with lifestyle   11:21 – 17:40   Olya goes over some obstacles she encountered when starting her practice from scratch. (infrastructure, mail, internet and finance)   17:41 – 19:26   A reminder to not forget the basics when focusing on big picture problems.   19:27 – 21:35   The cart measurement catastrophe.   21:36 – 23:33   Allowing yourself the proper time to establish your systems can be tough.   23:34 – 30:36   What Olya learned about verifying insurance, getting credentialed and third-party admins.   32:37 – 35:45   Some of the areas that Olya chose to spend a bit more of her budget on. (construction, equipment and staff)    35:46 – 37:26   What marketing techniques worked for Olya.   37:27 – 39:37   Getting exposure in local publications and how to go about it.   39:38 – 41:30   How Olya’s first year is shaping up compared to her expectations.   41:31 – 45:42   Going from clinical dentistry to helping dentists in practice transition.   45:43 – 53:56   Deciding if practice ownership is for you.   53:57 – 56:38   Charging hourly versus a percentage or flat fee system   56:39 – 59:59   At what point should someone reach out for consultancy for practice transition.   1:00:00 – 1:02:17   Interview conclusion and episode outro.

This week on Shared Practices see’s the return of Dr Olya Banchik, Dr. Banchik is on the forefront of cosmetic dentistry and studied at the world-renowned Las Vegas Institute for Advanced Dental Studies, where she has completed numerous courses in the most advanced techniques of aesthetic dentistry and treatment of temporomandibular disorders. Recently Olya moved from Vegas to North Carolina to start her new practice and we catch up with her to discuss all of the recent developments. For the third instalment of Richards interviews with Olya, we initially focus more on the obstacles that she faced starting her practice from scratch. More of a what to avoid episode as opposed to the last few weeks. Once again, Olya tells some funny anecdotes about some issues she encountered early on and we cover a massive range of topics. Such as : Early infrastructure problems, time allocation, getting set up with insurance, marketing tips, expectations versus reality and later on we cover what drove Olya to go from clinical dentistry to where she is now. ::Links:: Banchik Dental - <a href="http://www.banchikdental.com/about/meet-dr-banchik" rel="nofollow" target="_blank">http://www.banchikdental.com/about/meet-dr-banchik</a> Reach out to Dr. Olya Banchik about consulting on a practice acquisition: <a href="mailto:drbanchik@d2dadvisors.com" rel="noopener">drbanchik@d2dadvisors.com</a> Reafield Dental - <a href="https://reafielddental.com/" rel="nofollow" target="_blank">https://reafielddental.com/</a> :: Sponsors :: Blue Sky Bio -  <a href="https://blueskybio.com/pages/blue-sky-plan-guided-surgery-software" rel="nofollow" target="_blank">Download the revolutionary free implant planning software</a> Find out more about discount on pair Q-Optics loupes Email: SP16 to <a href="mailto:sales@q-optics.com">sales@q-optics.com</a> ::Topic Timecodes:: 00:00 – 00:23   Episode intro with Richard. 02:39 – 05:00   How people have been responding to the episodes with Olya. 05:01 – 11:20   The process of choosing a location and balancing opportunity with lifestyle 11:21 – 17:40   Olya goes over some obstacles she encountered when starting her practice from scratch. (infrastructure, mail, internet and finance) 17:41 – 19:26   A reminder to not forget the basics when focusing on big picture problems. 19:27 – 21:35   The cart measurement catastrophe. 21:36 – 23:33   Allowing yourself the proper time to establish your systems can be tough. 23:34 – 30:36   What Olya learned about verifying insurance, getting credentialed and third-party admins. 32:37 – 35:45   Some of the areas that Olya chose to spend a bit more of her budget on. (construction, equipment and staff)  35:46 – 37:26   What marketing techniques worked for Olya. 37:27 – 39:37   Getting exposure in local publications and how to go about it. 39:38 – 41:30   How Olya’s first year is shaping up compared to her expectations. 41:31 – 45:42   Going from clinical dentistry to helping dentists in practice transition. 45:43 – 53:56   Deciding if practice ownership is for you. 53:57 – 56:38   Charging hourly versus a percentage or flat fee system 56:39 – 59:59   At what point should someone reach out for consultancy for practice transition. 1:00:00 – 1:02:17   Interview conclusion and episode outro.

4-27 Dr. Olya Banchik - Part 3: A Startup With No Address and Transition Coaching

Download the guide Dr. Banchik used to analyze practices in her area   This week on Shared Practices see’s the return of Dr Olya Banchik, Dr. Banchik is on the forefront of cosmetic dentistry and studied at the world-renowned Las Vegas Institute for Advanced Dental Studies, where she has completed numerous courses in the most advanced techniques of aesthetic dentistry and treatment of temporomandibular disorders. Recently Olya moved from Vegas to North Carolina to start her new practice and we catch up with her to discuss all of the recent developments. In this interview Olya takes us through the process of finding a location, designing your interior layout and what specific equipment she is finding works for her. We go into specifics around square footage requirements, scalable methods for practice layout and even advice for negotiating a lease. All in all this episode has some great information to give you an idea of the numbers you will be dealing with when starting a new practice. Olya has some great advice for budgeting upfront costs and working capitol, and even some ideas for finding a contractor that suits your needs.   ::Links::   Banchik Dental - http://www.banchikdental.com/about/meet-dr-banchik Reach out to Dr. Olya Banchik about consulting on a practice acquisition: drbanchik@d2dadvisors.com Reafield Dental - https://reafielddental.com/   :: Sponsors ::   Blue Sky Bio -  Download the revolutionary free implant planning software   Design Ergonomics - Optimize your office layout for productivity and future growth.  Go to https://desergo.com/g2mp/ and use promo code "Shared Practices" to get the $230 'Guide to Maximizing Productivity' for free     ::Topic Timecodes::   02:00 – 05:20   Episode intro, and a catch up with Olya about her practice.   05:21 – 09:52   what to look for when finding a location for your start-up and whether or not to use brokers.   09:53 – 10:43   For Olya, did lifestyle, or the practice itself take precedent for the final decision on location.   10:44 – 11:46   What square footage requirements to expect.   11:47 – 15:31   Dealing with trepidation and fighting the hubris that comes with immediate success.   15:32 – 20:00   What is Olya’s vision for the future of her practice.   20:01 – 25:41   Some advice for negotiating a lease.   25:42 – 30:29   What are ‘tenant improvements’ and what price range to expect per square foot.   30:30 – 34:33   What other upfront costs should you budget for.   36:25 – 37:31   How much of your first year’s operating budget should you allocate for working capitol.   37:32 – 40:02   What to consider when deciding if you are ready to begin a start-up.   40:03 – 46:24   Coming up with a layout for your practice, why Olya designed hers herself and what influences her designs.   46:25 – 50:55   What choices for lighting, screens and x-ray units would Olya recommend.   50:56 – 55:56   Richard shares a story about ‘Nomad’ x-ray machines and him and Olya discuss their viability for start-ups.   55:57 – 1:03:47   How do you source a reliable contractor and what to look out for.   1:03:48 – 1:06:49   Interview wrap up.

<a href="https://pages.convertkit.com/5f23ba5826/2904e7d2e2" rel="noopener nofollow" target="_blank">Download the guide Dr. Banchik used to analyze practices in her area</a> This week on Shared Practices see’s the return of Dr Olya Banchik, Dr. Banchik is on the forefront of cosmetic dentistry and studied at the world-renowned Las Vegas Institute for Advanced Dental Studies, where she has completed numerous courses in the most advanced techniques of aesthetic dentistry and treatment of temporomandibular disorders. Recently Olya moved from Vegas to North Carolina to start her new practice and we catch up with her to discuss all of the recent developments. In this interview Olya takes us through the process of finding a location, designing your interior layout and what specific equipment she is finding works for her. We go into specifics around square footage requirements, scalable methods for practice layout and even advice for negotiating a lease. All in all this episode has some great information to give you an idea of the numbers you will be dealing with when starting a new practice. Olya has some great advice for budgeting upfront costs and working capitol, and even some ideas for finding a contractor that suits your needs. ::Links:: Banchik Dental - <a href="http://www.banchikdental.com/about/meet-dr-banchik" rel="nofollow" target="_blank">http://www.banchikdental.com/about/meet-dr-banchik</a> Reach out to Dr. Olya Banchik about consulting on a practice acquisition: <a href="mailto:drbanchik@d2dadvisors.com" rel="noopener">drbanchik@d2dadvisors.com</a> Reafield Dental - <a href="https://reafielddental.com/" rel="nofollow" target="_blank">https://reafielddental.com/</a> :: Sponsors :: Blue Sky Bio -  <a href="https://blueskybio.com/pages/blue-sky-plan-guided-surgery-software" rel="nofollow" target="_blank">Download the revolutionary free implant planning software</a> Design Ergonomics - Optimize your office layout for productivity and future growth.  Go to <a href="https://desergo.com/g2mp/" rel="nofollow" target="_blank">https://desergo.com/g2mp/</a> and use promo code "Shared Practices" to get the $230 'Guide to Maximizing Productivity' for free ::Topic Timecodes:: 02:00 – 05:20   Episode intro, and a catch up with Olya about her practice. 05:21 – 09:52   what to look for when finding a location for your start-up and whether or not to use brokers. 09:53 – 10:43   For Olya, did lifestyle, or the practice itself take precedent for the final decision on location. 10:44 – 11:46   What square footage requirements to expect. 11:47 – 15:31   Dealing with trepidation and fighting the hubris that comes with immediate success. 15:32 – 20:00   What is Olya’s vision for the future of her practice. 20:01 – 25:41   Some advice for negotiating a lease. 25:42 – 30:29   What are ‘tenant improvements’ and what price range to expect per square foot. 30:30 – 34:33   What other upfront costs should you budget for. 36:25 – 37:31   How much of your first year’s operating budget should you allocate for working capitol. 37:32 – 40:02   What to consider when deciding if you are ready to begin a start-up. 40:03 – 46:24   Coming up with a layout for your practice, why Olya designed hers herself and what influences her designs. 46:25 – 50:55   What choices for lighting, screens and x-ray units would Olya recommend. 50:56 – 55:56   Richard shares a story about ‘Nomad’ x-ray machines and him and Olya discuss their viability for start-ups. 55:57 – 1:03:47   How do you source a reliable contractor and what to look out for. 1:03:48 – 1:06:49   Interview wrap up.

4-26 Dr. Olya Banchik - Part 2: Startup Finances and Logistics

Download the guide Dr. Banchik used to analyze practices in her area   Dr. Banchik is committed to treating all of her patients like members of her family – with individualized attention and a great concern for the patients comfort. Her specialized education combined with broad experience provides her patients with state of the art, personalized dental care. As an active member of several dental organizations, Dr. Banchik is at the forefront of cosmetic dentistry. In this interview, Dr. Banchik talks about her journey from graduation to owning multiple dental practices and recently moving to a new state to pursue her dream life. She provides a refreshing perspective of what life is really like after qualifying and the options available, whether that is moving to where the job opportunities are or setting up your own practice. Richard asks Dr. Banchik how she set up and grew multiple successful practices and she is more than happy to share her tips and even her business resources with the Shared Practices community. Reach out to Dr. Olya Banchik about consulting on a practice acquisition: drbanchik@d2dadvisors.com :: Sponsors ::   Find out more about discount on pair Q-Optics loupes Email: SP16 to sales@q-optics.com   Blue Sky Bio -  Download the revolutionary free implant planning software   :: Topic Timecodes ::   00:00 – 03:10 Show intro with Richard   06:00 – 11:19 Talking with Dr. Banchik about her background in dentistry and her journey to purchasing multiple dental practices.   11:20 – 17:08 Dr. Banchik talks about her first two practices and the turnover the practices generated.   17:09 – 23:58 What allowed Dr. Banchik’s practice to grow and become a success.   23:59 – 34:25 Dr. Banchik’s transition from Las Vegas to North Carolina and the start-up of her new practice.   34:26 – 37:35 Dr. Banchik’s first ten years after graduation and the drive to accomplish her dream life.   37:47 – 47:32 The importance of demographic and competition analysis before committing to a practice location.   49:13 – 53:15 Dr. Banchik shares her next steps after area analysis and how to pick a location and maximize space.   54:15 – 56:28 The implementation of systems and organization to make a practice successful.   56:29 – 59:39 Show outro with Richard

<a href="https://pages.convertkit.com/5f23ba5826/2904e7d2e2" rel="noopener nofollow" target="_blank">Download the guide Dr. Banchik used to analyze practices in her area</a> Dr. Banchik is committed to treating all of her patients like members of her family – with individualized attention and a great concern for the patients comfort. Her specialized education combined with broad experience provides her patients with state of the art, personalized dental care. As an active member of several dental organizations, Dr. Banchik is at the forefront of cosmetic dentistry. In this interview, Dr. Banchik talks about her journey from graduation to owning multiple dental practices and recently moving to a new state to pursue her dream life. She provides a refreshing perspective of what life is really like after qualifying and the options available, whether that is moving to where the job opportunities are or setting up your own practice. Richard asks Dr. Banchik how she set up and grew multiple successful practices and she is more than happy to share her tips and even her business resources with the Shared Practices community. Reach out to Dr. Olya Banchik about consulting on a practice acquisition: <a href="mailto:drbanchik@d2dadvisors.com" rel="noopener">drbanchik@d2dadvisors.com</a> :: Sponsors :: Find out more about discount on pair Q-Optics loupes Email: SP16 to <a href="mailto:sales@q-optics.com">sales@q-optics.com</a> Blue Sky Bio -  <a href="https://blueskybio.com/pages/blue-sky-plan-guided-surgery-software" rel="nofollow" target="_blank">Download the revolutionary free implant planning software</a> :: Topic Timecodes :: 00:00 – 03:10 Show intro with Richard 06:00 – 11:19 Talking with Dr. Banchik about her background in dentistry and her journey to purchasing multiple dental practices. 11:20 – 17:08 Dr. Banchik talks about her first two practices and the turnover the practices generated. 17:09 – 23:58 What allowed Dr. Banchik’s practice to grow and become a success. 23:59 – 34:25 Dr. Banchik’s transition from Las Vegas to North Carolina and the start-up of her new practice. 34:26 – 37:35 Dr. Banchik’s first ten years after graduation and the drive to accomplish her dream life. 37:47 – 47:32 The importance of demographic and competition analysis before committing to a practice location. 49:13 – 53:15 Dr. Banchik shares her next steps after area analysis and how to pick a location and maximize space. 54:15 – 56:28 The implementation of systems and organization to make a practice successful. 56:29 – 59:39 Show outro with Richard