Editorial

Accept Good Advice

By

Ralph Crawford

on

June 17, 2014

June 17, 2014

I recently had a breakdown of my 10 year old computer and being almost computer illiterate I had no choice except to seek advice from son-in-law Rodney who from my experience seemed to know a great deal about this electronic world 

we live in. Plus, Rodney understood how little I knew about what to do. First, we bought a new computer – and I use the “we” but it was really Rodney’s choice – and he set about to put it all in operation. It has been quite a learning experience getting familiar with all the new programs and especially working with Windows 8-1 but I’m getting there – thanks to Rodney’s patience and steady instruction.

The weeks struggling with “new things” took my mind back to 1989 when I was appointed editor of the Journal of the Canadian Dental Association. There I was introduced to the computer world and given a Toshiba T 1200 lap top – apparently innovative in its day. It was the first laptop with a removable battery and the first that had a “Resume” function. And again, I relied on the great advice and instruction of fellow workers. I still have that Toshiba T 1200 and reached into our storage cupboard to see what it looked like. Surprisingly, I almost fell off the step stool from the weight of it. Curious, I put the circa 1989 portable laptop on the scale and would you believe, it weighed almost 15 pounds. How the computer world has changed.

By happenstance while struggling with the new computer setup I came across a saying of von Goethe, the 18th century author and statesman:  To accept good advice is but to increase one’s own ability. Again curious, I delved a bit into Geothe’s life and found he was quite the money manager. I found reference about Geothe saying he succeeded financially not only because he planned ahead and was thoughtful about how he used money, but also because he didn’t let earning it become the ultimate goal of his life. Goethe didn’t’ worry about money, he managed it.

Thinking about the excellent help I needed for my computer problems, I couldn’t help but think how true the fact: To accept good advice is but to increase one’s own ability. And isn’t that what The Professional Advisory authors are doing in each and every publication. They are providing advice on how better to manage our lives. Within this issue note how Ron Weintraub in his Potential Challenges Everyday Dental Practice May Face, deals with the factors influencing the economic landscape. Mark McNulty probably surprises many when he estimates that 70 per cent of dentists will not achieve their financial goals. He then outlines Why Most Dentists Won’t Achieve Their Retirement Goal and offers good advice for a solution.

Purchasing a dental practice is never easy and it is noted that David Rosenthal in his  Legal Checklist to Purchase a Dental Practice outlines good advice in his 17-point checklist of legal matters to consider. In Ian Toms’ article, Alternate Tenancies, the opening sentence There are circumstances when a typical tenancy just won’t work just begs good advice, and Ian, like his fellow authors, does just that: he provides it. David Chong Yen and Louise Wong tell us that as dentists reach the prime of their careers they start to focus on maximizing their savings in the most tax-efficient way possible. They then provide a multitude of good advice as they look at various investment vehicles. Colin Ross answers his own question in Do Dental Equipment and Dental Technology Effect a Practice Value? with the good advice how both equipment and technology do play a substantial role.

Geothe was right on with his wisdom: To accept good advice is but to increase one’s own ability. And there is no doubt much will be gained when readers Accept Good Advice from this issue and all issues of The Professional Advisory.