CORNERSTONE DENTAL TRANSITIONS - 60 YEARS COMBINED EXPERIENCE
CORNERSTONE DENTAL TRANSITIONS - 60 YEARS COMBINED EXPERIENCE
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Cornerston Dental Transitions

COULD YOU REALLY WORK ONE MORE YEAR AND MAKE AS MUCH MONEY AS YOUR PRACTICE IS WORTH TODAY?

COULD YOU REALLY WORK ONE MORE YEAR AND MAKE AS MUCH MONEY AS YOUR PRACTICE IS WORTH TODAY?

10/31/2023 9:16:41 AM   |   Comments: 0   |   Views: 43
The Transition Experts here at Cornerstone Dental Transitions understand that the decision to sell your dental practice is not one to be taken lightly. It's a significant step in your career and, often, a reflection of the many years of hard work and dedication you've put into your profession. We respect your commitment to your patients and your practice, but we want to shed some light on a perspective that may not have crossed your mind.

It's not uncommon for dentists like you to consider practicing for one more year, hoping to make as much money as they would by selling their practice today. But we'd like to challenge this notion and help you see why it might not be the wisest choice. After all, you're not the first dentist to think this way.

First and foremost, the value of your practice is a critical factor. Even if you do work one more year and make that extra income, the value of your practice remains static. What happens if the market takes a turn for the worse due to an economic downturn? Will you be willing to walk away from that value one year from now?

Typical brokers may consider listing your practice for a higher amount in the hope that you will change your mind. This can lead to a harmful cycle of lowering your price and earning a reputation for an unmarketable practice. Eventually, this process can result in your practice being sold for less than its original appraised value or not being sold at all. It's an expensive and unnecessary lesson to learn.

Giving up on selling your practice because you feel the appraised value is not high enough is a short-sighted decision. Instead, consider what is truly important: your "Quality of Life" and financial security. What is one more year of your life worth to you? Is it worth spending that extra year practicing dentistry day after day when you could be enjoying the things you've put off for so long?

None of us can predict the future. You don't know if you'll live another year, or if you might face a disability that prevents you from practicing or enjoying the rest of your life. Whether you practice for one more year or ten, it makes no difference to anyone but yourself and your family.

The real reason to sell your practice is to eliminate the stress and begin to enjoy your life. You've dedicated years to your profession, and now it's time to reap the rewards. It's time to let go of the daily grind and savor the pleasures you've put on hold for so long.

In conclusion, we urge you to reconsider your decision and weigh the true value of selling your practice now. It's not about working one more year for a marginal increase in income; it's about seizing the opportunity to enjoy the fruits of your labor and embrace a stress-free, fulfilling life.


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