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 …

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 …

rise of the Patsumer

The rise of ‘patsumers’ – how can your practice meet their needs?

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An emerging phenomenon driven by the impact of technology is set to directly influence the future of dental practice as we know it. The rise of the ‘patsumer’, a new buzzword to describe patients who think and act like consumers, is expected to herald a shift in customer behaviours as they take more control over their own healthcare.

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 …

Retirement-planning

The dos and don’ts of retirement planning

John Clarke HR and Team Development Leave a Comment

Time-consuming administration, challenging NHS contracts and record practice values have led to an increasing number of dentists looking to retire early, typically between the ages of 50 and 55. Many dentists have an idea of what they would like to do after they finish work but often the hardest decision is the timing of retirement and understanding when they can …

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

John Clarke Practice Management Leave a Comment

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, …

2018 tech trends

Investing in technology to maximise your profitability in 2018

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Investing in innovative technology is a must for any ambitious dental practice that wants to drive growth in today’s highly competitive dental market. Advancements in digital workflow systems and sophisticated computer-aided design software can provide better treatment outcomes for patients and significantly boost efficiency by automating time-consuming manual processes. With 2018 just around the corner, more dental practices intend to …