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 …

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

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 …

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

John Clarke Practice Management Leave a Comment

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 …

To buy or not to buy

To buy or not to buy, which dental practice is right for you?

John Clarke Practice Management Leave a Comment

Buying a dental practice is arguably more competitive today than it has ever been as demand continues to outstrip supply. Practices on the market, particularly those situated in affluent areas, typically receive many substantial offers as goodwill valuations have increased year-on-year.

Training and development

Training and development – can ambitious dentists afford to go without it?

John Clarke HR and Team Development Leave a Comment

Dentists have always had a responsibility to remain at the forefront of their profession by ensuring their knowledge and skills are up to date. This was further underlined by the General Dental Council in June when the regulator announced the launch of its ‘enhanced continuous professional development’ (ECPD) programme.

Will there be some temporary financial relief for dentists?

John Clarke Practice Management Leave a Comment

The Government’s decision to delay the launch of its ‘Making Tax Digital’ (MTD) proposal is welcome news for dentists amid concerns that complying with the controversial scheme would have represented a sizable financial outlay for practice owners. According to the Institute of Chartered Accountants in England and Wales (ICAEW), implementing the system may cost UK SMEs at least £3 billion …

Top tips for investing in your practice

Top tips for investing in your practice

John Clarke Practice Management Leave a Comment

Fulfilling rising patient expectations and adhering to evolving legislation, such as the new General Data Protection Regulation (GDPR), means that dental practices must continually invest in IT systems and specialist equipment to remain ahead of their competition. Whether you are looking to refresh a single surgery or make extensive improvements to the whole practice building, refurbishing a dental practice can …

Things your commercial bank may not want you to know

Things about commercial finance your business bank may not want you to know

Practice Plan Podcasts, Practice Management Leave a Comment

Navigating the field of financial products available to your dental practice can be a frustrating minefield. Whilst regulation ensures that product information is itself clear and easy to compare, the banking industry’s focus on their products rather than your needs often means businesses rely on the same solutions over and over namely edging into overdrafts or loans from their high …