Comments on: Psst. Wanna Buy a Practice?

By: David Langford

David Langford — Fri, 19 May 2006 22:34:48 +0000

Dr. Thomas (from New York?), I totally agree with you.

By: thomas

thomas — Fri, 19 May 2006 15:22:40 +0000

I totally agree with Bethany on this. I am not an optometrist but a dentist. Eventhough we are practicing differently, the same tracks and the same business environment are part of being an owner. I myself had the same experience, where the previous owner is still around for 3 days of the week, which made it harder for the transitions. I think 3 months after the purchase, the previous owner should leave. Transitions specialists are not dentists or optometrists but brokers. Therefore, their ideas about practice is from looking at numbers, and talking to people. You have to be those ownership shoes to understand.

By: Bethany

Bethany — Wed, 27 Apr 2005 12:47:51 +0000

The amount of work and level of responsibility/stress that goes into owning a practice is staggering. I love my practice, and love my patients… but there are many days (yesterday being one of them) where I wish I could give up all of the crap that goes along with being a small business owner, and just relax, see my patients, and collect a guaranteed paycheck at the end of the day. I wouldn’t want to be the buyer on this one… hard to assert your style and be the boss when the previous owner is around 3 days a week… but who knows… maybe they’ll find the right match.