Recently I attended the annual general meeting of the condo complex where we live. In attendance was representation of 41 of the 44 owners. The meeting went along quite well with a review of the past year activities and the acceptance of the new budget. There were however several items on the agenda dealing with maintenance and repairs of the buildings that caused considerable discussion. In fact a great deal of discussion. Finally, after a lot of pros and cons, if, buts and ands, two important motions were eventually passed.
What really caught my attention was at the end of the meeting when I overheard one of the owners say “Every accomplishment starts with the decision to try.” I asked him where the statement came from and he didn’t know, saying, “I have no idea. I’ve used it for years but I don’t know its derivation.” My curiosity was aroused and I headed to Google. Here I found dozens of references to the famous saying, among them John F. Kennedy and Gail Devers a three time Olympic gold medallist. But no derivation – but it doesn’t matter. The expression is outstanding. If we don’t make a valid decision to try something new or different we accomplish nothing.
And to my mind that’s where The Professional Advisory comes in. Issue after issue brings to its readers knowledge, innovation and accomplishments that ultimately can only improve your practice values, life skills and a satisfactory well-being. Consider Ian Toms and Jennifer Miles’s article on the The Life of a Tenancy. They tell us that you have only one choice to get it right. You can only make the right choice when you make a decision to try. Mark McNulty continues outlining two more examples where his clients have achieved outstanding financial success. No doubt success and accomplishment began with a decision to try what works best. Ron Weintraub’s Considerations to Prepare a Practice for Transition takes us through the most important steps for a successful transition where all – dentists, staff and patients – benefit.
In his Associate Agreements From the Principal’s Perspective David Rosenthal continues on with the many aspects of office transition – remuneration, solicitation, competition, termination and sale of practice. There are many important decisions to try and make work. Who can avoid taxes? Obviously no one, but the good news is that David Chong Yen and Louise Wong show us Costly Tax Mistakes to Avoid and Seizing Tax Saving Opportunities. Accomplishing good results starts with a decision to try for the best result. Is It Time to Move? asks David Lind and he clearly deals with the aspects facing those dentists making this decision. The best advice for a decision to try is draw on the experience of your lawyer, accountant and broker to advise you.
Outlined in this issue – and all issues – of Professional Advisory is thoughtful guidance on accomplishing successful dental practices. Consider each article with a goal to try to accomplish the best you can.