Attending BDIA Dental Showcase

Attending the BDIA show? How to make the most of the exhibition

John Clarke Practice Management Leave a Comment

If you’re thinking of making a positive change, attending the forthcoming BDIA Dental Showcase is likely to provide the inspiration you need to grow and maximise the profitability of your dental practice. The UK’s premier dental exhibition (4-6th October 2018ExCeL, London) will feature nearly 400 suppliers who will be demonstrating the products and services which could give your business an …

Better the devil you know

Selling your practice to an associate – is it better the devil you know?

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Irrespective of your current age, most principal dentists have retirement plans that include eventually selling their practice. Having evaluated how much money you will need to retire on and whether your practice is attractive to potential buyers, other key considerations revolve around timings and determining who the right person is to sell your practice to so you can set the …

Your questions answered

How do I choose and attract the best buyer for my practice?

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Selling a practice can be one of the biggest decisions that you will make in your career and one of the key factors in the decision-making process is selecting who to sell to. Choosing the right buyer for your practice is important as it can have a big impact on ensuring you maximise your investment of all the years and …

Expert advice from Andy McDougall

How to unlock hidden profits in your practice

Practice Plan Podcasts, Practice Management Leave a Comment

Andy McDougall explains why numbers should be at the heart of everything you do and explains how to make sure your practice reaches its full financial potential. What you’ll hear: An overview of where unlocked profits lurk and how they can be accessed An insight into how numbers behave and how to apply Decision Making Accounting (DMA) How very practice …

Take the heat off your tax bill

How dentists can take the heat off their summer tax bill

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The recent mini heatwave may have been welcomed by the majority of Britons, however the summer months typically coincide with when businesses most feel the strain on their finances due to declining revenues. For some self-employed dentists, the worry associated with paying their annual tax liabilities has been rising, and with the 31st July self-assessment payment deadline looming, some will …

Invest to impress

Invest to impress – does your practice make the right first impression?

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‘You never get a second chance to make a first impression’ is a phrase we often hear in life, whether it’s attending a job interview, going on a date (not that I can remember!) or buying a house. Regardless of whether you agree with the validity of the statement or not, the chances are you will have endured contrasting experiences …

Location, Location, Location

Goodwill hunting – buying a dental practice has become all about the location

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If buying a dental practice is at the top of your new year wish list, you might be interested to know the main trends that have been influencing practice sales. According to the latest goodwill survey results compiled by The National Association of Specialist Dental Accountants and Lawyers (NASDAL), the market remains buoyant however buying a dental practice is now …

Avoid a new year shock to your finances

Avoid a new year shock to your finances as HMRC roll-out tax payment changes

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With 2018 now in full swing, many dentists have turned their attention to their personal and career aspirations in the coming 12 months, from owning their own dental practice to investing in new technology and specialist dental equipment. Inevitably, the ability to astutely plan and manage your finances can ultimately mean the difference between achieving a solid foundation for growth, …

Its all about the money

It’s all about the money – how dentists can improve their finances in 2018

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When compiling your list of New Year’s resolutions, the chances are that improving your personal finances may trail behind more common goals such as ‘exercising more’ and ‘drinking less’. But as we all know, identifying what we’d like to change is the easy part, actually sticking to it for a sustained period has been proven to be extremely difficult. However, …