Over the past few weeks of my “Business of Owning a Practice” video series, I’ve discussed the merits of technical training versus business training and how dentists can manage their debt. This week’s video is for the dentist who feels STUCK. Check out my video on this topic here.
Maybe you feel stuck in the chair, stuck having to do more than you feel capable of, and you can’t stop thinking about planning an exit strategy. Perhaps you’re feeling burnt out. Tired. Physically aching. Even though you were full of excitement and exhilaration when you started work or began your practice, now the daily grind is getting to you and you’re wondering if you can keep this up until it’s time to retire. If this is you, know you are not alone.
I personally think it’s never too early to start planning an exit strategy. Did you know that the average age of retirement for dentists in the USA is 69? That is 7 years later than the average age of retirement for the general public in the USA! That’s why this exit strategy planning is so crucial for dentists especially. And the first step is to start saving money. In order to do this, your practice’s income generation needs to be greater than your expenses. This can be a tricky process to start, and that’s why I wrote my book Profit First for Dentists to help dentists like you learn simple strategies to boost your savings and the profitability of your practice.
I know you might be tired right now, but there is hope. Using the Profit First system can change your trajectory for the better.
You can download the first two chapters of my book for FREE on my website.
I hope you’ll listen in and follow me on YouTube these next 8 weeks to learn more.
You are always welcome to reach out to me by scheduling a call at call.barbstackhouse.com
Don’t forget to follow me on YouTube so you won’t miss any of my weekly videos!