Plan to Succeed


Dr. Suham Alexander


February 28, 2019

February 28, 2019

As we welcome the start of a new year, on behalf of the entire team at the Professional Advisory, I’d like to wish you all a very happy, healthy, prosperous and successful 2019! It’s no secret that a New Year brings renewed enthusiasm, refreshed outlooks and revitalized aspirations. As you move forward this year towards achieving your goals, please give careful consideration to planning ahead. Benjamin Franklin once said, “By failing to prepare, you are preparing to fail.” Fortunately, our team of trusted advisors has sound advice for you as you plan to succeed in the future.

In the article, “Dental Market Update-2019”, David Lind shares his insights into the dental marketplace, as it stands currently, from both the purchaser and vendor perspective. Even though market conditions may be changing, a little foresight and thoughtful planning can create favourable opportunities for both parties.

David Rosenthal’s article, “Legal Estate Planning”, is a good reality check for us. It reminds us that estate planning is a must and can simplify complex matters for grieving spouses and family members during a difficult time. Careful consideration of your legal estate planning can prevent headaches for your loved ones.

Speaking of loved ones, “My Mother’s Portfolio Revisited” by Mark McNulty provides valuable information for all of us interested in growing and protecting our long-term investments. Mark shares the strategies he has used successfully to plan a thriving portfolio for his mother, his most valuable client.

Ian Toms demonstrates through “Tenant to Landlord Transition – A Case Study” just how important strategic planning is to a dental practice. He walks us through the shift in mindset and responsibilities from tenant to owner to landlord in this example. In addition, we gain an understanding of the various decision factors the dentist would have faced during this evolution.  

As dentists in various phases of our careers, some of us may be looking to wind down and potentially sell our labour of love. Dr. Weintraub’s article provides us with “Proactive Measures to Optimize the Mature Practice”. After spending valuable time and energy providing care for patients, it is gratifying to be able to maintain and grow the value of the practice by following the advice outlined in this article.

Last but not least, “Tax Checklist to Avoid the Post-Holiday Blues” by David Chong Yen gives us a few surefire tips to plan and stay ahead of tax season to avoid unnecessary stress or surprises at the end of the tax year.

As you will find, this issue of the Professional Advisory is invaluable in helping you plan for your short-term and long-term success. Happy New Year to you from the Professional Advisory!