City Dentist or Country Dentist

Where to practice?  We reside on the west coast – where many brand new dentists congregate.  The weather is fine (when it is not raining cats and dogs), and there is an urban attraction to living in the big city. Entertainment is plentiful – and those classmates practicing in the hinterland are green with envy!  Or are they?

Here are some very basic arithmetical examples.  A young dentist hanging out his shingle for his/her first practice can lay out $750,000 or more in this city. When credit was more readily available the banks were throwing funding at anyone with a DDS.  One bank not only loaned out 1.8 million to a 4 year practicing dentist – they actually suggested he keep his condo in one part of the city and rent it out while they were willing to write a massive…

I’ve Got the Best Website!

Everyone knows the age old rule about not mixing business and relatives.  Let’s face it – if there is going to be a problem with a crown it is likely to be with your brother-in-law whom you could really do without – for a reduced fee that is already seeming absurd when you listen to the whining!

I just attended a grand opening of a family member’s new martial arts studio. He soaked every available dollar from his contracting business, plus hundreds of hours of ‘volunteer’ labour from relatives to convert a pretty shabby piece of commercial real estate into a karate studio.  Of course they signed the lease, registered the corporate name, and laid out their marketing plan without asking for any advice. Only when it was complete did they look for confirmation that they had indeed ‘done good’.  Not.

The…