
In 280 BC, a Greek king named Pyrrhus received a request for military support from a southern Italian city-state called Tarentum. Tarentum was at war with the Roman Republic, and Pyrrhus — one of the most powerful military commanders of his era — agreed to help.
He won.
But the cost was catastrophic. His army was decimated. His weaponry was destroyed. His resources were exhausted. Pyrrhus had defended Tarentum and then pushed further north into Roman territory, claiming more victories — but each one ground his forces down further, until he was forced to retreat to Greece, his power essentially broken.
He had won every battle. He had lost everything else.
From that campaign came a phrase that still carries his name: a Pyrrhic victory. A win achieved at such steep cost to the victor that it functions, in practice, as a defeat.
Wes Read, host of the Dental Boardroom podcast and founder of Practice CFO, invokes this story — drawn from Sahil Bloom's The 5 Types of Wealth — not as a history lesson, but as a warning. Because the Pyrrhic victory is not ancient. It is playing out in dental practices across the country, quietly, every day.
The warning signs are not dramatic. They don't announce themselves. They accumulate in the margins — in the small choices that feel reasonable in the moment and devastating only in aggregate.
Sahil Bloom lists them in his book. Wes reads them aloud:
You hit another quarterly profit target, but miss another anniversary dinner.
You earn a record bonus, but fail to make it to a single one of your child's sports games.
You say yes to every single work call, but can't find time to reconnect with an old friend.
You stay in a job for the security, but allow your higher-order purpose to wither and die.
You host five client dinners per week, but can't walk up the stairs without feeling winded.
You never leave money on the table, but won't think twice about leaving your peace of mind there.
"These are warning signs on the path toward success," says Wes, "that don't involve loss of life and limb like King Pyrrhus — but they aren't pretty."
Each of these scenarios describes a dentist who is winning by the standard scoreboard. Collections up. Production up. Practice value increasing. The numbers look excellent. And underneath the numbers, something essential is quietly being surrendered.
This is the Pyrrhic victory in practice: not a catastrophic failure, but a slow hemorrhage of the things that financial success was supposed to enable.
Of all the data points in this territory, one carries particular weight for dentists who are parents.
Approximately 90% of the total time you will ever spend with your children happens before they leave home.
"Those of you that have kids — did you know that 90% of all the time you will ever have with your kids occurs before the time that they leave the house?" says Wes. "After your kids leave the house, the amount of experience, interaction, time you have with them falls off an absolute cliff."
Run the math on that. If a child leaves home at 18 or 20, and a parent lives into their late 70s or 80s, the remaining 50 to 60 years of the relationship represent roughly 10% of lifetime time spent together. The other 90% — the dinners, the evenings, the weekends, the mundane hours of proximity — happens in that compressed window before they go.
That window is not renewable. It cannot be purchased back. It cannot be deferred and recovered later the way a retirement account can compound over time.
And yet it is exactly the kind of resource that dental practice ownership is most likely to encroach on. Not because dentists don't love their children. Because the practice has a way of making every competing priority feel manageable to skip — just this once, because it's important, because Monday is busy, because the numbers need attention.
"We take this for granted when they're with us," says Wes. "I still have a couple kids at home, and when I get home, there's all these things I like to do — go back in my office and keep working, because that's in my nature. And this book is good for me. But my son is there. And I know I've got this small block of time before he has to go to bed."
He's been reading a book with his son McKay — Seven Habits of Highly Effective Teens — ten or fifteen minutes most evenings, alternating pages. They close the book. They talk about how they're doing. It's small. It's consistent. It is, by every meaningful measure, irreplaceable.
"That roughly 10 to 15 minutes that I sit down and we sort of alternate reading pages is just so good," says Wes. "Then we close the book, lift our heads, and say — 'How we doing, McKay?'"
That's not a passive choice. It's a deliberate one, made in the same window of time where the alternative was going back to the office.
The British philosopher Alain de Botton, in what Wes describes as his favorite TED Talk, argues that we have to be careful about our definition of success — and that a more honest definition includes what must be sacrificed to achieve it.
Not in the abstract. Concretely.
What specific things in your health, your relationships, your mental state, your sense of purpose are you actually willing to give up in order to achieve the version of success you're currently chasing?
"Defining your success by the elements of loss that will completely overshadow and really eliminate the reward that comes with achieving that more narrowly defined definition of success," says Wes. "What is it in your health? What is it in your life? What is it with your relationships? What is it in your mental state? What is it in all those things that have to be given up in order to achieve that goal?"
Most dentists have never answered that question explicitly. The sacrifices happen implicitly — through the accumulation of marginal choices — while the goal remains in view as something purely positive. The missed anniversary is a cost. The skipped game is a cost. The five client dinners and the inability to walk upstairs without feeling winded is a cost.
When those costs are made visible alongside the financial achievement, the accounting looks different.
This is not an argument against ambitious practice ownership. King Pyrrhus's mistake wasn't fighting. It was fighting without counting the cost — and then continuing to fight past the point where the cost had exceeded the value of the win.
The 5 Types of Wealth is not a book about slowing down or earning less. It's a book about building something comprehensive — a life where financial success coexists with, and actually enables, the other dimensions of wealth that make success meaningful.
"What this book is trying to do," says Wes, "is look more comprehensively at all the areas of wealth and take a balanced approach as we pursue wealth in our lives."
Time wealth. Social wealth. Mental wealth. Physical wealth. Financial wealth. Five categories, each requiring some degree of deliberate investment, each capable of being depleted while the others grow.
A dentist who builds a $3 million practice while their health deteriorates, their marriage fractures, and their children grow up with an absent parent has not built a wealthy life. They've built a financially successful Pyrrhic victory.
A dentist who builds a $1.5 million practice with strong overhead management, consistent retirement savings, a physically healthy body, a present and invested family life, and a practice that genuinely reflects their values — that dentist is building something comprehensive. Something that holds its value across all five accounts.
The difference isn't the production number. It's the accounting system.
Before you set the next quarterly target, ask the question that makes the Pyrrhic victory impossible to ignore.
What will hitting this goal cost — specifically, concretely, not abstractly — in each of the other four dimensions of your life?
If the answer is that hitting this goal requires five more client dinners per week, what does that do to your physical health over the next five years? If it requires saying yes to every work call, what happens to the friendships that have survived this long? If it requires another year of full-schedule production without time off, what is the 90% statistic doing to the remaining window with your kids?
The goal doesn't have to be abandoned. It may still be worth pursuing. But the cost needs to be made visible — because invisible costs are the ones that produce Pyrrhic victories.
"As you pursue success in your life," says Wes, "it is critical that we define, in some ways, our definition of success by the elements of loss — the elements of loss that will completely overshadow and really eliminate the reward that comes with achieving that more narrowly defined definition of success."
Name the losses. Count them honestly. Then decide if the win is still worth it.
That's how you stop fighting a battle that's costing you the war.
Listen to Episode 158 of The Dental Boardroom Podcast: https://podcasts.apple.com/us/podcast/158-the-richest-dentist-you-know-isnt-the-wealthiest/id1518344747?i=1000766862654
Wes knows what's best for dental practices. He's been doing this for a long time and he sees lots of practices. He can tell me how our practice is doing, and what we can do to increase our productivity. With past CPA's, there were no ideas. It was all coming from me, saying "I think I can do better, but I don't know how." I come in to meet with Wes and he says "You CAN do better, and I know how."
PracticeCFO is in hundreds of dental offices around the country. They know what numbers should look like. They know what percentages of payroll, rent and supplies should be, and they will hold you accountable to those numbers, which will really help you stick to your plan and your path of growth and savings. That is invaluable
Whenever something comes up, whether it's building or practice related and we weren't sure where the numbers would go, PracticeCFO has been instrumental in helping us figure that out. I can't say enough of how important that is - that it goes beyond that initial partnership. They make sure this business marriage works.
When I go home from work, I don't spend a whole lot of time stressing about what my books look like, or how much I owe in taxes. By using PracticeCFO, the burden of keeping track of a lot of the big financial numbers and metrics are taken off my plate.
PracticeCFO helped me develop a plan for the future. I have colleagues that work with other accountants that don't have a plan - they just look at the numbers of the practice and that's it. There's no plan for 10, 20 years from now. But with PracticeCFO, you get that. PracticeCFO makes you feel like you're they're only client.
(In reference to his practice sale) What could've been super stressful, wasn't! When picking John and Wes, it was from word of mouth recommendations and other people's experiences from the past that really did it for me. And it turns out that those recommendations were right on the line.
Wes knows the business side of dentistry. His comprehensive plan will organize your personal and professional finances so you can focus on taking care of patients. Massive ROI.
I can’t say enough good things about everyone at PracticeCFO. Everyone on the team is professional, organized, knowledgeable, helpful and kind. They also respond to emails and phone calls immediately and are always happy to help. They have helped me navigate year-to-year as a business owner. PracticeCFO gives me peace of mind that my business is in good hands.
I love Practice CFO! They have helped me obtain a practice and maintain a practice. They are incredible people who are on top of everything and make owning and running the business portion of a practice easy. They couldn’t be better for my business and my sanity. They have every detail of the business and taxes taken care of where all I have to do is show up and follow their easy steps to success!
Practice CFO has the best tools I’ve seen for personal tax and financial planning in addition to top-tier corporate tax and accounting services. I have been very pleased with the level of quality service. They manage my monthly bookkeeping and accounts payable. It is a great system and saves me a ton of time, and it allows us to have monthly financial statements within a week of month end.

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