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Protecting Your Retirement

Many Dentists have seen their retirement plans put on hold, watching their retirement plans lose significant value over the past 2 years. Some who have already retired are looking for work to supplement their lost income. It seems like there is no safe place to invest your money these days and make any kind of return. We have good news for you. The answer may be right under your nose. Take this short quiz to see if you have the answer to your own financial success right in front of you.

  1. Are you one of the many dentists who have suffered the experience of 'go-to-a-meeting-come-home-fired-up-and-try-to-put-things-in-place, but after 2 or 3 weeks, you are back where you started?
  2. Have you noticed that your practice isn't performing as it should, but aren't sure what to do?
  3. Do you have a really good practice that you feel could be even better? (You're probably right!)
  4. Are you so busy with patients that you miss lunch, rarely get out on time and are too busy to do the dentistry you really enjoy?
  5. Have you improved your technical skills and just need a grasp on how to present larger cases?
  6. Do you feel that your staff could use more training on helping people accept the dentistry you present, but there's never time to train them?
  7. Are you thinking about hiring an associate, but are not sure if it's the right thing to do?
  8. Do you wish you could retire, but don't have enough put away to be able to do it?
  9. Are you one of the many dentists who know how to do wonderful dentistry but have not had the growth or case acceptance that allows you to reach your potential?
  10. Do you seem to be working more, making less and not enjoying the process?

If you answered yes to any of these questions….. I'd bet that you're working hard to have a more productive dental practice, one that fits the picture you have in your mind. But many times…you feel like you're running uphill on a treadmill.

  • You may feel tired and stressed
  • Your income may have reached a plateau
  • You've taken a look at you life and something seems to out of balance
  • You've just got too many things to do that you don't have the extra time you need to get off that treadmill.
  • You know there must be a better way, but aren't sure which way that is.

Many Dr's have said, "If only I could start over. I'd do some thing differently the next time" ..or.. Wouldn't it be great to start over and have the practice that I really want? Here is the good news for you….. You can have the practice the way you want it, but only if you have the right tools and systems designed to transition you from where you are to where you want to go. There are answers, tested and proven for these and other situations that stop dentists from having the type of practice they deserve. We know, we work with these problems and many more every day.

The answer is simple yet elusive to many. Your own practice is a "gold mine" of opportunities, but only if you know the process of "mining gold". We've seen it time and time again. Dr's doing more of the kind of dentistry they have trained for in the same office with the same staff and the same patients. What's different? The "mining" process is different. The way they run the practice is more streamlined, they have a schedule that works, and their financial arrangements are far better. They get out on time and are doing more comprehensive dentistry on patients who now see the value of such treatment.

Here's the even better news. Over half of those new dollars generated is pure profit. With that kind of return on your investment, who needs the stock market? You don't need to worry about insider deals or false financial statements. You can put the new income where you want; in your pocket. For those who are closer to retirement age and have seen their plans interrupted, here's an opportunity to retire as you go. Build greater practice value, while collecting additional income as you do it.

 

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