Now is a great time to have some important conversations with your family about how your career affects your collective future. Most of you have never been allowed this kind of focused time to evaluate your true priorities as a family.
Big Decisions Demand Family Input: Your Guide to Starting the Conversation
Topics: looking for a job, purchase a practice, selling a practice, expanding my practice
What Went Wrong: My Path to Retirement Got Way Too Bumpy
This is part of the “What Went Wrong Wednesdays” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.
Retirement should be a well thought-out event that you take ownership of. To truly take control of your future, retirement planning should start years – even decades – before you anticipate finishing your career.
Here are two scenarios that illustrate what happened when a doctor did not completely think through their exit plans, along with suggestions to help you avoid the same fate.
Topics: retiring, selling a practice, what went wrong
What Went Wrong: I Overlooked the #1 Thing That Mattered Most
This is part of the “What Went Wrong” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.
At ADA Practice Transitions, we place a heavy emphasis on making sure incoming doctors share a similar philosophy of care as the practice owner. While it may not be immediately apparent, having a shared approach is critical to the success of your future career or retirement plan, even if you are planning to sell and walk away.
Topics: owner dentist, retiring, purchase a practice, selling a practice, what went wrong
Matching in More States, Giving You More Options
By popular demand, ADA Practice Transitions (ADAPT) is expanding!
Starting today, dentists who either own a practice or want to work in Indiana, Iowa, Kentucky, Michigan, Minnesota and New Hampshire can create an ADAPT profile!
Topics: retiring, looking for a job, purchase a practice, selling a practice, expanding my practice
Consider Going Country: Why a Rural Practice May Be a Perfect Fit
Many young dentists automatically flock to urban or suburban areas after graduation. After all, those areas can command higher salaries. But have you considered working in a more rural area?
A rural practice can offer several advantages beyond fresh air and open spaces. Namely, rural practices often cost less with lower overhead and higher collections – meaning you might be able to pay off your debts sooner and enjoy a better quality of life.
Topics: looking for a job, selling a practice, Small Market
What Went Wrong: We Disagreed on the Value of the Practice
This is part of the “What Went Wrong” series, in which we explore common problems of practice transitions – and offer tips to help you avoid them.
Topics: owner dentist, retiring, purchase a practice, selling a practice, what went wrong
Get Your Paperwork in Order for Your Practice Valuation
Topics: owner dentist, selling a practice, practice valuation