Most dental students going into dentistry assume they'll want to buy a dental practice one day. You make more money as a dentist, and have more freedom? But it isn't so black and white. There's a lot you pay in practice ownership, besides the purchase price of your new dental clinic.
In this video I go through all the good and the bad of dental practice ownership. And at the end, I explain why I've decided I never want to own a dental practice.
0:00 Intro
0:38 Increased income
2:10 Free money?
3:54 Decouple time and money
4:11 Keep goodwill you generate
4:50 You're the decision maker
5:32 The downsides
5:51 Staffing issues
7:38 Existential threats
8:20 Practice debt
8:47 Reduced optionality
9:17 Why I'll never buy a practice
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Intro: The Time by Ivan Shiplevsky
Music: Teapot by Lukrembo
Outro: Sunset Eyes by INOSSI
