Business and financial
Karl Clezy and Paul Graham of Christie + Co, specialist advisors in the dental sector, take a closer look at what you need to consider before you give up work
Thinking of retiring?
A
t this time of year we start to think of future plans and perhaps even make New
Year Resolutions. It might also be that retirement is starting to enter into your forward planning. As a practice principal,
considering retirement involves much more than giving up work. You will have built a patient list and will have worked hard to build and nurture goodwill that you will
wish to ensure is maintained and will continue to flourish. Dentistry is about caring for
others and your practice will no doubt have been developed over many years. You will have invested time building relation- ships with patients, suppliers and staff and it is likely that you will want to see those founda- tions remain secure. From your own personal
point of view, you will want to ensure that you can adequately fund your retirement and are able to live comfortably.
Making sure that both aspects are taken care of can be a juggling act so it is important to begin planning early. Putting together an exit
strategy that suits you and your practice is crucial for a successful transition. As you begin to consider
retirement, you may be uncer- tain on how to proceed. Whatever your reasons or
motivation, this will always be a big decision and worth plan- ning some years ahead. It is important to engage the advice and support of experts to guide you through the process.
® To discuss how Christie + Co might help you achieve your future plans, please contact Karl or Paul on 0141 352 7300.
Scottish Dental magazine 71
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