The president of Burger King calls the president of McDonald's about getting together to talk about merging their restaurants. Does the president of McDonald's accept or not accept the call? Does the president of McDonald's want to know more about what the president of Burger King has in mind? Do they talk or do they not talk?
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You’re getting older, and you know you need to make plans to do something with your dental practice, but you are not exactly sure what. You’ve been thinking about looking into your retirement options, but you think, “Why hurry, I’ve got time on my side?” Procrastination... the great common denominator for so many doctors. Why not put off until tomorrow what one does not have to do today (or next month or next year)?
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Years ago, you decided it was time to “take in an associate.” You interviewed a few candidates, and before long you met the ideal associate for your practice. Of course, you didn’t know whether or not “things would work out,” so you both decided to work together for awhile without a written contract. There is no sense in spending money on a contract until you knew for sure that this was the right candidate. After all, you are both professionals, what is there to worry about?
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