Episode Run Time: 00:43:25
www.noobiedentist.com
@noobiedentist
Intro
Today I talk to Glen Stewart, who has been working in finance for 21 years. Originally from Ireland, he came to Australia and landed in the retail and property markets. For the past ten years, Stewart has been working in the medical finance space and is currently head of credit at Credabl.
In this interview, we talk about good and bad debt, how to buy a practice, and when to buy a house, car, or a practice. We also tackle how your credit scores are calculated and why it's essential to consult a specialist lender rather than your local bank.
Guest Details
Social Media
Time Stamps
[00:05:20] Glen Stewart's origin story
[00:07:19] Glen's main area of expertise
[00:09:04 A borrower's main selling point when approaching lenders
[00:13:05] Benefits of taking on debt
[00:15:30] The link between low-interest rates and debt taking
[00:18:42] Factors that make or break debt applications
[00:22:55] Average start-up cost to set up a practice in most cities
[00:23:50] A lender's approach to financing start-ups
[00:25:28] Factors that influence the success rate of start-up practices
[00:27:10] Buying an established practice versus starting from scratch
[00:30:10] Corporate interference during practice ownership
[00:32:49] Dental practice success stories
[00:37:30] Defining credit scores
[00:42:17] Glen's message to you about debt
Podcast Details
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Website: http://www.noobiedentist.com
Instagram: @noobiedentist
Sponsor Details
This episode of Noobie Podcast has been proudly supported by specialist medical lender Credabl. If you need finance, be it for your personal or professional needs, the team at Credabl know the drill. From home loans and car loans to equipment and fitout loans or commercial property and practice purchases, the finance specialists at Credabl will provide a tailored solution for you.
To find out more, visit www.credabl.com.au
Conclusion
Were you inspired by Glen Stewart? Are you thinking of opening a practice? We would love to hear your thoughts!
Remember to subscribe for more content!
NDP Episode 49: The Relentless Dentist with Dr. David Maloley
NDP Episode 48: Advanced General and Aesthetic Dentistry with Dr. Clarence Tam
NDP Episode 47: The Power of Dental Ergonomics in your Career Longevity with Dr. Aniko Ball
NDP Episode 46: Entrepreneurship, Discipline and Dentistry with Andrew Glover
NDP Episode 45: Biomimetic Dentistry Part 2 with Dr. Davey Alleman DMD
NDP Episode 44: Nerding Out Over Biomimetic Dentistry Part 1 with Dr. Davey Alleman DMD
NDP Episode 43 - Early Decisions out of Dental School can Define your Career with Dr Aodhan Docherty
NDP Episode 42: Great Restorative Dentistry Takes Time with Dr. Sunny Virdi
NDP Episode 41: Life Outside of Dentistry with Dr. Bruce V Freeman (rebroadcast)
NDP Episode 40: From Associate to Practice Owner with Dr. Daniel Miller
NDP Episode 39: ReThink Dentistry with Dr. Homam Alba
NDP Episode 38: REPOST - My interview on the Dental Head Start Podcast by Dr David Keir
NDP Episode 37: Modern Day Periodontics with Dr. Phil Walton (@drphilwalton)
NDP Episode 36: Implant Dentistry Pathways with Dr. David Attia
NDP Episode 35: Business and Entrepreneurship in Dentistry with The Savvy Dentist, Dr. Jesse Green
NDP Episode 34: Pursuit of excellence in clinical dentistry and practice ownership with Dr. Yo-Han Choi
NDP Episode 33: Mentorship Hour with Dr. Paresh Shah
NDP Episode 32: Self Improvement and Hustlenomics with Dr. Sia Lord
NDP Episode 31: Mentorship Round Table with Prosthodontist Dr. Varun Garg and Aesthetic Dentist Dr. Bharat Agrawal
NDP Episode 30: Introduction to Biomimetic Dentistry with Dr. Davey Alleman DMD
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