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The 7 Biggest Risks of Practice Ownership
Description
Being an owner of a dental practice is amazing. It's incredibly rewarding and you can make a lot of money as well as have a lot of control and freedom, but only if you take into account these risks.
🔔 Download the Free Practice Evaluation Checklist: https://practiceown.com/pdf
📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8
💌 Email me at: chris@practiceown.com
🌍 Website: https://www.practiceown.com
00:00 The Path to Dental Practice Ownership
00:37 Risk #1: Understanding the Upfront Costs
02:15 Risk #2: Leaving the Security of an Associate Job
05:02 Risk #3: Navigating Staffing Challenges and Theft
08:24 Risk #4: The Owner's Responsibility for Repairs
09:40 Risk #5: The Emotional and Mental Load of Ownership
11:46 Risk #6: The Possibility of Going Out of Business
14:11 Risk #7: Avoiding the Low-Income Death Trap
19:13 The Advantages of Practice Ownership vs. Being an Associate