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According to the dictionary, retirement is a "withdrawal or ceasing from active working life." I was never fond of the word retirement, mainly because it brings to mind the image of retirement homes, like being put out to pasture, so

We often have dentists ask the best ways to grow their practice.  There are several options including marketing, increasing clinical hours, and adding new technology.  All of these are great ways to increase production and collections, if they work.  But,

The decision to retire is a big one; it’s one of the biggest decisions of your life and not only changes your daily routine, but also your future.  If you retire too early you can grow bored, or worse, you

Making the decision to sell your dental practice is one of the most important decisions you will make in your professional life. Therefore, it is imperative that you put a great deal of thought into when and how you would

There comes a point in everyone’s career where they start to contemplate retirement but aren’t yet ready to commit to it.  You start to think about all that you can accomplish and do with your free time, but also wonder

A doctor's staff is always one of the most important aspects of the practice, especially during a transition.  When a doctor sells his practice, the buying doctor wants as much continuity in the practice as possible and therefore wants the

In today’s world, it is very unlikely that a dentist will graduate from dental school and have immediate success and begin building wealth through a practice purchase or startup.  It does happen, but these days, most dentists choose a slower

Every January, Practice Impact starts making our yearly calls to request updated information from our current selling doctors.  Although we make these calls throughout the year at various times, especially just after tax day to get updated tax returns for

Often times when you apply for a practice acquisition loan, you (or Practice Impact on your behalf) will send the finance package to multiple banks.  This allows you to compare the banks’ offers and choose the one which will best

Buying a dental practice is one of the biggest investments you will make and borrowing that much money can be a daunting task.  You may think that you won’t qualify for a loan, especially in the current economic environment, but