The idea of turning around underperforming assets isn’t new, and a lot of people have done it. But I believe that it’s something just about anyone can do if they’re committed to it. I also believe it’s an important skill and one of the aspects of my life that I find most valuable in the ways I can use it to help others.
As a dental life coach and dental entrepreneur, I’ve taken my passion for dentistry and focused it on all the ways I can help people succeed. Whether it’s finding assets that aren’t doing well and taking them over, or teaching others to improve their own assets, there are ways to increase value for the community.
Using My Passion to Develop Value for Others
Working as a dentist is my passion, and I’ve been deeply committed to it ever since I decided it was what I wanted to do with my life. When I graduated from dental school in 2011, I started to get involved with dental practices that just weren’t performing the way they should. I understand real estate investing and have been involved in the hospitality industry, so I know there are options.
One of those options is to sell off assets that aren’t performing very well. Another option is to bring in someone who can help turn those assets around and let them make the necessary changes to do that. Both options can be extremely valuable to dentists and other professionals who want to do more with what they have.
Whether they’re trying to grow their practices to bring in more patients or they want to volunteer and use their skills to help others, doing more with underperforming assets is important. One of my goals and areas of focus is to find those assets and help improve them so they perform as well as possible.
Almost Every Asset Can Perform Better
Often, the reason an asset isn’t performing well is something that can be changed. Maybe the marketing isn’t what it should be, or the past management could have harmed the value of the brand in some way. Equipment could be outdated, or there could be other reasons that the asset isn’t doing what its owners would have hoped.
Because I’m a hotel owner and have invested in real estate, I understand the importance of taking an underperforming asset and turning it into an asset the owner can be proud of. There’s no reason to settle for poor performance from an asset just because that’s been the norm.
As founder of Mint Condition Dental and one of the top 20 influential leaders under 40 in the Spokane area, I am confident in my ability to take underperforming assets and turn them into something amazing. In just 12 months, I grew a De Novo dental practice (a start-up with no patients) to 1.2MM.
Community Dedication and Asset Growth
When people in the Spokane area talk about Marshall Gibbs, they frequently talk about the commitment I have to my local community. That’s no secret, and I frequently donate my time and talents to veteran groups and various charities. While that’s very important to me because I’m so passionate about dentistry, I also love to work behind the scenes for asset improvement.
From a dental practice that needs more patients to a real estate portfolio that’s not bringing in enough revenue, there are all kinds of assets that can benefit from the increased value. I’m dedicated to this kind of increase and to helping others get more from the assets they own, so everyone can grow together in the future.
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