A charming conversation between Dr. Harry and Cindy Monokian and Michael Pallozi as they share how they built a dentistry practice from the ground up together, as a couple and as partners. They also talk about how it felt to gradually transition out of the business and officially hand everything over to their sons. They recount their long journey of intentional learning and inevitable trial and error as well as all the values they passed down to their sons.
Dr. Harry Monokian and Cindy Monokian have been running Monokian Dentistry since the late 70s.
Tune in until the end to learn:
[00:58] Who are Dr. Harry and Cindy Monokian?
[03:30] How did they start their dentistry practice? (and why starting slow worked out well)
[05:27] How they got clients in an age when advertising was taboo.
[06:23] Why education is huge for business owners.
[07:23] Taking your child to work with you. OR How childcare happens when both parents are business owners.
[09:25] From being a teacher to running a dental practice.
[10:03] Expanding the business and running out of money.
[13:04] How to use systems to create consistency in your business.
[16:57] How both their sons became interested in dentistry.
[20:06] Bringing in their sons to work at the family business.
[24:12] Transitioning the family business: setting up a buy-sell for your practice, mistakes to avoid, clients
[29:59] The hardest part of letting go of the practice
[32:07] Advice for building a first-generation family business
[33:20] What’s retirement like for the Monokian?
5 Key Highlights
Connect with Dr. Harry Monokian: Monokian Dentistry Website
Connect with Cindy Monokian: LinkedIn |