What Would You Do If You Couldn’t Practice Dentistry?

Episode of: Business Of Dentistry with Dr. Russell Kirk

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Nov 10, 201712m
What Would You Do If You Couldn’t Practice Dentistry?
Nov 10 '1712m
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A happenstance meeting in a Mexican restaurant prompted this question. How would you answer? Listen to this week's episode of the Business of Dentistry as we discuss my take on this topic. More About Business of Dentistry There's a little Mexican restaurant near my office and a few times a month my office manager Paul and I go there to talk politics, business, shop, etc. We did the other day and a conversation we had with our waitress opened my eyes to a few things. This woman was someone who had waited on us before. She spoke broken English but spoke Spanish perfectly. Something about her made me think she was from somewhere other than Mexico, somewhere like Central America or South America, and I said as much to Paul. Because Paul is pretty direct and to the point he asked her where she was from when she returned with our drink order. She said she was from Venezuela. Paul continued talking with her and asked about her country. She described to us how it was poorly run, the food supply wasn't great nor was the water, and the electricity was spotty. As she left us to take care of another customer I thought she said (in Spanish) that she had been a dentist in Venezuela. When she came back to check on us, she used her phone to show us photos and videos of her working as a dentist in her home country. From what I could understand from her story, the military had come in and forced out all the civilian dental care providers and took over the hospitals. They sent her packing, basically. Listening to this woman's story put things in perspective for me. It wasn't a great week at my office, we had some patient issues and other things. But hearing what she went through got me thinking about what would happen if I couldn't be a dentist next week or three months from now. Imagine if you were to go from a good profession like ours to not being able to do your work. Where would you go? What would you do? Some of us would be devastated if we couldn't continue in our profession. Personally, I began wondering what would I do if I couldn't do this. Would anything pay as well as this career? What kind of work would I do - would it have to be manual labor or could it be something more intellectual? It also made me think, as a single practitioner in a private practice at the age of 50, what is my long play on this? I realized I don't have a secondary source of income or another source of income. I've got all my eggs in one basket and I started wondering about different ways to add to my income streams. This conversation made me think about this topic a lot: how would I add another stream of income? Would it be a product I could sell, a different business, a hobby? Is there something else I could monetize? I have a few things I've thought about but never taken action on, and this experience is helping me shift my focus a bit to those things. And of course I know there is truth to doing the one thing and doing it well, but the conversation with this waitress has got me thinking about other options. And I'm interested in hearing from you on this: what would you do if you couldn't do dentistry tomorrow? How else would you generate revenue? Do you already have other streams in place? Do you have any other eggs in your basket? Let me know, I'd love to hear from you after you listen to episode 84 of Business of Dentistry. Tweetable: “At what point do we start thinking about a different revenue stream?” Episode Resources Voices of Dentistry Summit 2018 Email me Business of Dentistry on Facebook Connect with me on Twitter Leave a review and subscribe on iTunes

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