When you start to practice as a dentist, there is a fork in the road, which will have great impact on your career and your financial future. The question is: “Shall I work as an associate for the foreseeable future or until my student loan is paid off, or shall I become a practice owner […]
In 1906, the Italian economist Pareto astutely observed that 20% of the people owned 80% of the country’s wealth. The principle that 20% of something is always responsible for 80% of the results is known as the Pareto Principle, or the 80/20 rule, and can be used as a daily reminder to focus on the […]
Not every dentist sells the practice to the highest bidder. At first glance, it seems that a practice sale is all about getting the most money. Practice listings only highlight money and the location. However, for many retiring dentists the priority is to find a successor with compatible practice philosophies. You are a dentist who […]
Why are so many associates reluctant to become a practice owner? The money factor With a student loan and a large house mortgage, the idea of borrowing $1 million-plus for a practice is scary. However, purchasing your practice is an excellent investment. The extra money you earn will pay back the purchase loan comfortably over […]
If you have any questions, or you are looking for guidance how to proceed with your practice transition, contact us for complimentary consultation
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Vancouver, BC, V6C 3P1
Phone: 778.288.2920
Fax: 604.669.7445
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