After spending over 35 years building the dominant practice in my market, it was time to get serious about succession. I did not want to quit or sell out. I still feel young, love to do dentistry, love to teach and mentor, and did not want to leave the legacy of my practice and a loyal patient base to just anyone. The question loomed, how can I keep doing what I love to do most at work, but free myself up to do more of what I want to do at this stage in life and successfully transition my practice in the future. The changes in the provider base made finding a successor more challenging than I thought. But we found a great fit. There was only one catch. Many of the benefits of ownership 30 years ago have become liabilities in the minds of the upcoming generation. Flying completely solo does not sound all that attractive to most young dentists with the forces of increased competition, expensive technology, and insurance pressures,.
The Capstone Dental model seemed like the perfect fit for both my successor and me. We retain the benefits of private practice ownership with the peace-of-mind that we both have a business partner working as hard to make the business aspects of the practice work as we are making the clinical aspects work. Now I get to do more of what I want in the office AND more of what I want to do outside. The best part…I now have the confidence that my practice will successfully carry on without me with a solid transition plan in place and my patients will be in good hands in every way. You really can have the best of both worlds: more enjoyment inside and outside of the office with less hassle, and a financial future I can count on. That’s what I call peace-of-mind.