Demographers are contemplating the impact of the reduction of write-offs on State and Local Taxes for where to put a professional practice, government representation, and growth (and population loss).  This is an important session you don't want to miss!

There are some wonderful accountants, consultants, and financial planners that deal with the process of parent-child practice transitions.  I won't deal with those issues.  Rather, let's talk a little about the implications of a practice that will continue far longer than most, the issues of keeping a practice image or brand over a long period, and some deep thoughts on competing with such a practice. 

Based upon a conversation with a bright but panicked young doctor, I am offering this observation of what to do when there appear to be no convenient alternatives to practice. This is really an extension of last week's session on Micropolitan Areas and Small Towns.  Don't give up! Get Creative! This session is all about finding the answers when the easy path seems unavailable. 

I recognize that if I speak about locations that have fabulous potential but a smaller size, those who listen to this podcast and wait around will be disappointed. These locations are NOT going to last long.  Remember, they are as small as 15,000 residents and go up to 50,000.  But there is a caveat: these are places in which the doctors will want to live close to the office.  That is both good and bad, depending on your needs.  But call us about finding other, similar locations and more about these!

I have had some pretty deep discussions with young people who have called us recently regarding what it really takes to succeed in practice. A good location, reasonable competition, and the like are important.  But there are attributes of your attitude, sense of joy, and a bit of humor are vital to overcoming trials, and all manner of difficulties.  You need to develop your "intangibles."