Dental transitions, including retiring from dentistry should never be taken lightly. Retiring from dentistry or leaving the field altogether requires a well thought out plan.
Blatchford Transitions understand what it takes to transition from one chapter to the next and has some advice on retiring from dentistry.
According to Dr. Bill Blatchford, the world’s leading dental coach, and his daughter Dr. Christina Blatchford, a successful dentist, dental coach and dental broker in her own right knowing when to transition from one career to another. After all retiring can be considered a career as well.
Below are some reasons you shouldn’t retire from dentistry.
You’ll Get Fat
Expanding waistlines have been associated with retirement. People who gain weight after retirement increased their body mass index by as much as 0.25. Unless you are active after you retire, you will see an expansion in your waistline. As a dentist, you are used to running all over the practice. That won’t happen when you retire.
You’ve Relied on Your Partner
If your dental practice still isn’t making enough to support your entire family you may not have enough to retire. According to Blatchford Transitions depending on your partner for financial support is a red flag if you intend to retire in the near future. If you retire and your partner must continue to work, it will create a separation in your relationship.
You’ve Never Done the Numbers
As dentists, dental coaches and dental brokers Blatchford Transitions cannot stress the importance of being financially prepared. If you are working five or six days a week without much return the dentist, who wants to buy your practice may look elsewhere. After all, who would want to work all those days when you can make more money working fewer days with a dental coach?
You’ve Stopped Challenging your Dental Practice and Yourself
If you have been complacent about your dental practice, you shouldn’t retire. Retiring from a dental practice that you don’t love anymore will reflect on the sale. Your team knows when you aren’t happy. If you aren’t content, they won’t be either. Your patients will also notice your discontent. Dental coaching will help your dental flow and increase the worth of your dental practice.
Retiring from a dental practice or any other career for that matter needs to be well thought out. If you are unsure, talk to the team from Blatchford Transitions who can help you make the right choices for your personal and professional life.
Call for a no obligation dental transitions consultation with the experts from Blatchford Transitions today.
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