Sarah Jarvis

Factors to consider when selling your practice

Practice Plan Podcasts, Practice Management Leave a Comment

Sarah focuses on the key financial considerations practice owners should make when putting their dental practice on the market. She also outlines the different types of buyers in the market and discusses realistic time scales for preparing to sell. What you’ll hear: Appropriate timeframes for selling your practice and when to beginning planning The importance of a comprehensive valuation from …

Losing money

Four ways your dental practice could be losing money, and how to fix it

John Clarke Practice Management Leave a Comment

The dental industry is a dynamic sector characterised by growth and increased investor activity in recent years. Analysis conducted by IBIS World has revealed that the overall UK dental market size in revenue terms was £6.7bn in the UK in 2017-18 and forecasted to grow at approximately 1.1% per annum over the next five years, up from 0.5% annual growth …

Securing Finance

As if by magic – how to secure the finance you need to realise your dreams

John Clarke Practice Management Leave a Comment

Sixteen years ago, while studying medicine at the University of Manchester, Jonathan Westall started working as a magician. This saw him perform at private, corporate and charity functions alongside world-class peers from the legendary Magic Circle. Although magic was his pastime, his initial career focus was medicine, and upon graduation he initially held a variety of medical positions working for …

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?

John Clarke Practice Management Leave a Comment

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?

John Clarke Practice Management Leave a Comment

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

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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

John Clarke Practice Management Leave a Comment

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?

John Clarke Practice Management Leave a Comment

‘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

John Clarke Practice Management Leave a Comment

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 …