You will never truly know when you are ready to own a dental practice. You should know when you are NOT READY.
I would like to share some tips on how to know you are NOT READY to become a dental practice owner. These are tips I have developed from owning a dental circus, I mean practice. Tips from helping dentists buy and sell dental practices. Tips from connecting with thousands of dentists online each week. Tips from connecting with hundreds of dentists in person each year.
These are my tips. Some of you will love them. Some of you will be annoyed by them. Some of you will disagree like the fifth dentist and Trident gum. I like that. Friction and feedback leads to more learning. Fighting leads to more isolation. Focus on sharing well-intentioned feedback. Be curious, not judgmental as Walt Whitman and Ted Lasso like to say.
10 Ways To Know You Are NOT READY To Become The Owner Of A Dental Practice
As the owner of a dental practice for over fifteen years, I can confidently say that owning a dental practice is 50% awesome, 50% annoying and 100% exhausting.
Practice ownership is the right move for some dentists. Practice ownership is the wrong move for other dentists. Some practice owners I know wish they did it sooner. Some practice owners I know wish they never did it at all. Find out as much solid information as possible to make the BEST DECISION FOR YOU!
There are so many creative ways to be successful as a dentist from 100% ownership, partnerships, group practice models as well as full and part-time associate positions.
Treatment plan your "dentisting happiness" with purpose and intention.