Financial Advice Archives

26 May 2023 • Blog, Practice Management

Ways to maximise the potential in your practice

Although things may have eased a little, the current economic climate still remains challenging for most practices. Here Practice Plan Area Manager, Katrina Rees, suggests ways to get the most out of the income streams…

10 Mar 2023 • Blog, Our News

Keeping things in the family – Delph Dental

In the latest in our blog series about why people maintain long-standing relationships with Practice Plan, Suki Singh speaks to John Hume-Spry, Principal Dentist and owner of Delph Dental in Derbyshire, to find out more…

3 Feb 2023 • Blog, Practice Management

Rising costs – you have to pass it on!

Dental business coach, Chris Barrow, offers some advice on the need to increase prices and how to handle the change. I present at a number of different events and workshops for Practice Plan and I…

17 Oct 2022 • Blog, Finance

Rising above the hullabaloo

Area Manager, Gary Nelson, makes some suggestions of things practices can check on to ensure they’re making the best use of their money over the next few months. It’s beginning to look like another interesting…

6 Jun 2022 • Blog

The changing landscape of practice ownership

Just a few years ago, we were talking about how the goal of owning a practice seemed less desirable due to rising costs and increasing legislation. Then, along came the pandemic to completely change the…

7 May 2021 • Blog, Finance

The five steps to becoming a membership-only practice

Fliss McCalmont discusses the benefits of being a membership-only practice and how to successfully move to that business model. Why become a membership-only practice? For obvious reasons, financial stability and security has taken higher priority…

5 Apr 2021 • Blog, Practice Management, Finance

Top Tips to boost your plan in practice

Sales Support Manager Michelle Hardy looks at five ways to boost your patient plan… Share your vision One way to help grow the plan is to share your vision for where you want to take…

1 Mar 2021 • Blog, Covid-19, Uncategorized

Reasons to be confident in a brighter 2021

The recession we’re now in, following COVID-19, is the seventh I’ve experienced. So far, I have survived all seven. Recession doesn’t necessarily equal the failure of your business. Something that is worth remembering among all…

14 Jan 2021 • Blog, Covid-19, Finance

What’s the best way to spread my sources of net income?

After the past few turbulent months, lots of people are looking for ways to feel more secure and diminish their financial vulnerability. One of the ways you can begin to increase your stability and protect…

26 Oct 2020 • Blog, Covid-19, Finance

Why it’s never too late to start a financial plan

Stephen Barry, Financial Advisor for Wesleyan, shares insights on the common areas that are best to focus on by more experienced dentists in order to improve financial fortunes… While its always recommended to start a…

15 Oct 2020 • Blog, Covid-19, Practice Management, Finance

How your trading structure forms the keystone to your dental business

Les Jones shares insights from Paul Griffiths, Specialist Dental Financial Consultant at Wesleyan, into how the trading structures of various businesses work and important considerations for your business… While the current climate may be a…

1 Oct 2020 • Blog, Covid-19, Practice Management, Finance

Your dentistry questions answered: financial forecasting

Practice Plan’s Donna Hall looks for answers to the questions you’re asking… My financial forecast isn’t where I thought it would be. How can I bridge the gap? Never has the saying ‘best laid plans’…

16 Sep 2020 • Blog, Dental Landscape, Covid-19, Finance

Five financial planning tips for young dentists

Magdelena Harding, Financial Advisor for Wesleyan, shares the common areas that are stopping the UK’s young dentists achieving financial security… During the uncertain times we face as a dental community, actively and effectively planning is…

11 Sep 2020 • Podcasts, Practice Management, Covid-19

Effective financial management

Ian Eslick talks to Edd Jones of C&E Consult about the financial impact COVID-19 on dental practices. Edd shares his thoughts on how this has changed the ways of working and what positive changes can…

14 Aug 2020 • Blog, Covid-19, Practice Management, Finance

Why we run a membership-only practice and how you can too

Josie Hutchings speaks to Jessica Crawford-Clarke about their experience of running a practice on a membership-only basis… Financial security and reliability have always been important, but after recent events it may well have become more…

18 Jun 2020 • Blog, Covid-19

The COVID-19 chronicles: an associate’s view

Finances to associates have become a drastic concern after incomes plummeted in a flash. After graduating, I wasn’t thinking of any earning potential. I wanted to be a dentist because it’s what I wanted to…

13 May 2020 • Podcasts, Covid-19

BDA Benevolent fund & COVID-19 with Ros Keeton

Les Jones talks to industry expert, Ros Keeton, Chair of the BDA Benevolent Fund on how they continue to help dental professionals with their personal finances. This support is invaluable to many through the current…

31 Mar 2020 • Blog, Covid-19

What is furlough and what does it mean for me?

Up until recently the word ‘furlough’ had barely, if at all, registered with most of us. Now it seems as if it is one of the most talked about topics in dentistry thanks to Covid-19…