usually wishful thinking. What actually happens is that the practice grows and the current owner ends up managing an even
larger practice (with more stress). The associate, on the other
hand, enjoys the benefits of being able to come and go as he/she
pleases because the staff is accustomed to going to the current
owner with all their problems and issues. The associate enjoys
freedom while the owner takes on more responsibilities for an
even larger practice. The owner’s original objectives are not
being met by adding an associate – the associate is just another
employee to deal with!
Some doctors want an associate to free up more leisure time.
Some doctors add an associate so that they (the practice owners) can have more time to take extended vacations and to begin
enjoying their life instead of always working at the chair all the
time. This is a “quality of life” issue and it can often be better
resolved by cashing in the value of the practice now, using the
sale proceeds to fund their personal retirement plan, and at the
same time the doctors can relieve themselves of the responsibility of owning and operating the practice, all while continuing
to practice clinical dentistry for many years thereafter without
the stress and responsibility of ownership.
Whether your issue is productivity (too much or not enough),
burnout, more time off, etc., if you have been thinking of adding
an associate to your practice then you should call “a guide that
knows the territory”... one that will help analyze your present
situation and explore the appropriate practice options that will
meet your very unique short and long-term needs. It’s your
future; you have to live in it! Instead of wondering when your
next vacation is, set up the remaining years in your practice so
you don’t need to escape from it!
Dr. Richard V. Lyschik’s transition,
management and coaching experiences
go beyond the traditional single general
dental practice sale. His Dental Office
Network Team has helped thousands of
dentists acquire, expand, merge multiple
practices, build from the ground up, as
well as guided older, disabled and
“burned out” dentists sell with dignity.
The Practice Rescue Department has
resurrected practices in demise, saving them from imminent disaster.
Over 40% of dentists return 2-3 years later to invest in another dental
practice! Dr. Lyschik has broken numerous industry records as the highest producer in the country! Just ask any major lender – they all know
him! To discuss your transition plans with a seasoned fellow dentist and
a recognized Premier Transition Specialist, contact Dr. Lyschik by email
at [email protected] or call (214) 893-0410.
Structures & Interiors proudly specializes in helping Healthcare
Professionals like you to design and build your dream office. With
over 19 years of experience, we can help you build the office of
your dreams! Call us today at (817) 329-4241.
“I am extremely thankful to have partnered with Structures and Interiors for the construction of my new office. The finished product is stunning!
Not only did they stand up to their reputation of excellence, they were also a joy to work with. Their patience, professionalism, and expertise
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– Shane Rex Tolleson, DDS, MSD
www.northtexasdentistry.com
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NORTH TEXAS DENTISTRY
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