Don't laugh @charlestweed. I'm not a super worker like you. I did 6 days a week Mon-Sat for 6 months. Then I had to make a decision. Discussed it with my wife. She did not want me to sell my practices. She thought I might get fired by the Corp and be on the streets in the soup line. Well ... sold the practices ..... and no regrets.
Exactly.
From a micro perspective, every dentist would love to work for a corporate dentistry. From a macro perspective, we are becoming like Pharmacy profession. Eventually, once corporations have the lion share of the dental office market - local regional managers will start to talk differently to their dentists, and the tables will turn.
Not just in dentistry. In any job, if you are slow, your chance of getting fired will be very high. If you were a boss, would you hire a slow associate dentist or a slow assistant to work for you? A slow dentist = a poor dentist.
It’s hard to say. But a corporation is a corporation. They all answer to their stock holders. If stock holders say jump, dentists will someday say “how high?”. Ofcourse we are not there yet. But in the long run, it will happen. Pharmacy was a solo business for centuries, then it all changed the last 3-4 decades.
That is one thing that actually does concern me about practicing in a small town or as a dentist in general. Your patients look in the parking lot and very quickly recognize which car belongs to you, what are their feelings/thoughts towards you based on that impression. Probably an over-analysis on my part... Maybe I will just have to park under a car cover every day or build a garage at my office. The ideas are coming.btw: if you practice in a small rural area .... sell that Lambo (your avatar) with the scissor doors. It won't go well in a small town.
It depends. At my buildings, the employee parking is in the back of the building. Patients park in the front. The street entrance to the buildings (unfortunately) are from the back of the property, and some patients can see the employee cars. Maybe 1 in 100 patients notice my car.
Since you don’t plan get married and have kid, you’ll be fine. If you only have to support yourself, you don’t need to make a lot of money….the low pay income that you earn from working at the corp office should be plenty for you.
Everything in life is a trade-off. If one thing increases, another must decrease. If you want to make more money, practice in an area where nobody wants to live. You would save so much money for not buying a Lambo, a big expensive house etc when you live in a small town. If you want to live in the nice sunny weather state like CA, where corp offices are everywhere, expect to work like a dog to pay for all the luxury items and conveniences. If you don’t want to work hard, then don’t expect to have the nice things that the rich people have. People are rich because they work hard and make sacrifices. They may not work hard now but to get to where they are now they had to work really hard when they were younger.Chill buddy. You worry too much at your stage. I still believe that there are rural and semi-rural areas with fewer Corps. I was in Alaska last summer. Visited some small towns. No Corps there. Fact ... the nice, urban, coastal areas are saturated. These areas are also populated by the low income set. Most Corps (ours does) market to the lower income patients. You want the dentist dream? It still exists in the smaller, less populated, less desirable areas. You may or may not make as much money ..... but you have the opportunity to practice dentistry as YOU WANT.
I'll say it again. Corp is ok for an older dentist like myself, but not for young dentists with DS debt. Corp is a dead-end for young dentists. You still have time. But how long? Who knows. Start or buy that private practice in a rural area while you still have that opportunity.
btw: if you practice in a small rural area .... sell that Lambo (your avatar) with the scissor doors. It won't go well in a small town.
I would argue you need to make even more money, because now you need to have lots of money for retirement because you won't have kids to take care of you when you're old.
My kids will take care of me when I am old? I wish. I never have such expectation. I expect my kids to have good enough career to take care of their own kids. The reason I work so hard now is I try to save as much as I can....both for my own retirement and for my kids in case they make mistakes and don't have good jobs.
Dentists and doctors in America make more money than dentists and doctors in a lot of other countries. Hope this makes you feel better.
99.9% of new dentists get at least one job offer immediately when they graduate. As of today if a dentist get fired from their job at a corp or private practice they can easily get a new job at another corp. Not sure how this will changes in the future.
This is also true even for oversaturated states like CA. Job security is the one thing that dentists continue to enjoy for many many years.
They will have to work at more than one office. Are you sure they're looking hard enough? I personally will be happy with working 4 days a week for $120k.
Like I said before, a slow dentist = a poor dentist. If your plan to is work for someone forever, then it's probably not worth pursuing dentistry.....because you'll be the same as a pharmacist/optometrist, who works at Walgreen. Your associate income will be stuck at $120k for the rest of your practicing career.
how did they graduate with zero?
