“No matter what age you’re at, begin with the end in mind.” ~Dr. Bruce B. Baird
I saw a brokerage ad the other week that made me cringe. It was advertising a dental practice for sale and read: “Don’t pay attention to last year’s revenues, they were down because the dentist chose to have a little more life balance for personal reasons. Instead of working 20 days a month, they worked 17. But we’ve convinced the owner/doctor to work 20 days a month for the next 4 years, therefore the revenues will go up.”
I almost burst a blood vessel. I did the math and they didn’t actually increase the dentist’s productivity. They just added days back into his schedule. This situation is tragic and I really feel for this doctor, because that is not the situation that any of you deserve.
This is why I am so passionate about sharing what building an Investment Grade PracticeTM is all about: you get to live your lifestyle – you get to choose it – and build a business that supports your lifestyle today and protects your future.
Every year my business partner Dr. Bruce B. Baird and I set aside a few days to set our goals. I hope you all do this, too. We look at who we are today and where we are heading tomorrow.
When you get burned out as an owner – and we both have been burned out more than once – what are your options? You’ve invested in yourself and your clinical education, but now it’s time to grow the value in your business, your team, and your associates.
Well, you’ve come to the right place. I’ve invited Dr. Baird to join me today as we step back and take a look at what the current state of the dental industry is, and what opportunities there are for dentists interested in building their Investment Grade PracticesTM, including:
- An overview of the current dental market
- Succession plans: options for dentists hoping to sell their practice
- Acquisition plans: things for young dentists to know when purchasing a practice
Never miss an episode! Subscribe to Investment Grade PracticesTM Podcast on iTunes & Spotify.
https://productivedentist.com/podcasts/investment-grade-practices-podcast/episode-93-requested-replay-legacy-building-and-opportunities-for-young-dentists/
Legacy Building & Opportunities for Young Dentists