Preparing For A Paradigm Shift
By Dr. Brad Babcock
As the newest member of EMA dental practice sales, I''m excited to join a great team . If you will indulge me for a few minutes, I hope to introduce myself, as well as give you a little bit of food for thought.
After graduating from the University of Nebraska dental school in 1977, I returned to my home town of Gillette, Wyoming, and spent the next 15 years practicing in "small town America".While my wife and I raised a family of three girls, we began to experience a series of changes in our life that would become the theme of every major event we encountered. In 1992, we moved to Lee's Summit , Missouri to join a large group dental practice in Independence, Missouri, spending the next 16 years practicing in "the burbs", as it is sometimes called. In 2008, I sold my practice to my partners, and joined the faculty of UMKC School of Dentistry. After 5 years there, I am now launching in a new direction working as a consultant for EMA, and attempting to chart what I would call a semi-retirement course for my wife and I.
From this very brief bio, it may be obvious that , as mentioned, change became an over riding theme in our lives. I imagine that each of you, whether you are like the 24 year old , wide eyed new graduate I was in 1977, up to and beyond the "nearly 61 year old" grey haired guy which now describes me; can look at your life and agree that change is an obvious constant in all segments of your life . I recently was reintroduced to the concept that I can only plan my life, and plan my future , to a certain extent. Life has a distinct way of reminding all of us that we really don't know the future, and that the best we can do is be prepared for the amazing number of "curveballs" that come our way. My personal perspective happens to be influenced by the biblical passage in Psalms 16:9 " The heart of man plans his way, but the Lord establishes his steps." How do we all prepare for change? For those dentists out there who have practiced 30 plus years, my advice is to avail yourself to as many resources as possible that will help you become organized, intentional, and proactive to deal with the "What if?" scenario that would bring about sudden change. As a big Dave Ramsey fan, I've been very impressed with a new program Dave has rolled out called the Legacy journey. Among other things, he has provided a wooden box with folders for Wills, contingency plans, etc.
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The sweet spot for EMA dental practice sales is helping dental professionals plan and implement the ultimate "change" in our practices, that being the transition to your next phase of life, and out of the everyday practice of dentistry.
One final thought for the new or recent graduate . Having practiced half of my career in small town Wyoming, and half of my career in the suburbs of a big city, I believe I have a unique perspective on life style in small town America vs. "the burbs". With the advantage of hind sight now, I am much more opinionated about the opportunities that are available in smaller towns vs. larger cities. When considering where you want to put down roots in your professional life, weigh the pros and cons, and get as much input as possible from as many people as you can who have "been there, and done that". If you and/or your spouse are at the point that you are ready to buy a practice, but wonder about the opportunities and life style in various demographic settings, give EMA a call. I would love to buy you a cup of coffee share my perspective with you.
To read more of our articles, check out our Transition Thoughts.
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