What does success look like after dentistry? If you are considering a career transition or selling your practice, making the right decisions will significantly impact your options. With over 35 years of business and dental industry experience, Dr. David Porritt of the Productive Dentist Academy joins the show to share what it takes to ensure you have the right experts on your side to make the best decision for your practice and life after selling.
Listen in to hear David’s insight into the drawbacks of losing control of your practice and how to combat the fear of missing out on more money, a bigger lifestyle, an expedited sale, or an outcome that wouldn’t fit your life anyway. You will also get David’s point of view on how much it’s worth to hold out for higher capital from the sale, what to pay attention to when selling your practice, and more.
Subscribe: Apple Podcasts | Android | YouTube Music | Spotify | Amazon Music | More
Minute Markers:
- 2:25 – The relevance of doctors’ happiness in their practices.
- 4:43 – The importance of having the right experts on your side.
- 12:14 – Why it’s so easy to get distracted by the wrong things when selling your practice and what to pay attention to.
- 18:01 – How burnout and dissatisfaction are changing and affecting dentists.
- 22:46 – What you need to know about yourself and ask about your future before considering leaving your practice.
- 25:51 –Advice all practice owners need to hear.
- 27:45 – How to avoid the fear of missing out.
If you like this episode, here are more episodes we think you’ll enjoy:
- Dr. Dustin Burleson – Are You Winning the Wrong Game? True Wealth is Time and Freedom: Ep #498
- Drs. Martin & Debra Crombie – Exiting Practice on Your Own Terms: Ep #491
- Perrin DesPortes – Deciding Whether to Sell—and How to Sell: Ep #486
Featured on the Show:
- David Porritt: LinkedIn | Email
- Productive Dentist Academy
- The Productive Dentist Podcast
- Get your free copy of my new book
- Sign up for my next webinar
#davidporritt #leavingdentistry #practicesale #practicetransition #fulfilment #lifegoals #careersatisfaction
Watch full length Interviews on video!
Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.com/YouTube. Don’t forget to subscribe to David’s YouTube Channel for more content on maximizing your business, wealth, and creating a financial blueprint to reach your Freedom faster!
Join the tribe of dentists ditching Wall Street. Get more insights, resources and inspiration for creating asset based income and Freedom. Follow us on Facebook here.
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think):
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
Power Concepts:
Get the Full Episode Transcript:
Your privacy is important to us.