Why Buying a Practice is Better

Better than partnership I’m not anti-partnerships. It depends on the partnership. But if you have a great idea and you need resources to implement it, I wish you luck. Your initiative will have to be presented to a committee; weighed up against competing initiatives and if it gets over these hurdles, how much money will actually be made available? There can also be inter-generational issues. Older partners would rather have larger drawings than put money into initiatives that have long term returns. As a sole practice owner, you can try new initiatives, experiment and set your own direction without the need to answer to a hostile, conservative or sceptical committee. Better than a salary If

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Email: peter @ peterfrankl .com.au     Tel: 0413 871 231
Peter Frankl Pty Ltd, PO Box 848 Edgecliff NSW 2027
Level 5, 203-233 New South Head Rd, Edgecliff, NSW
Business Agent Lic. 20145288  Corporate. Lic. 1416310
https://www.peterfrankl.com.au