This article highlights the challenges and considerations that arise for dental practitioners after selling their practice. The focus is on managing the proceeds effectively, especially in the face of potential market volatility. The article draws parallels between current economic conditions and those of the 1970s, emphasizing concerns about a potential market downturn. It urges practitioners to be cautious and informed in their financial decisions, especially with the loss of regular income post-sale. The need for a strategic financial plan, self-advocacy, and the importance of generating replacement cash flow are emphasized. The article concludes by encouraging practitioners to explore new interests and opportunities after the transformative event of selling their practice.
August 14, 2023