Broker Tip – Benefits of Ownership vs Employed Associate

As an Associate considering buying a practice, do not just consider the increase in salary as an owner as the major benefit. More importantly, consider the long-term benefits of the increase in profits after the debt is paid in 10 years, along with the growth of the practice and the sale of that practice. If you keep the practice for 20 years the benefit of ownership can mean millions of dollars to you at the end of your career – you would not have this benefit as an Associate.

Tip provided by Dr. Richard Alker of Total Practice Solutions Group – Florida Region.

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