Five aspects to consider before buying a dental practice

Taking the plunge – five essential aspects to consider before buying a dental practice

Practice Plan Podcasts, Practice Management Leave a Comment

Buying a dental practice is one of the biggest decisions that a dentist is likely to make and can be stressful for all parties involved. From choosing the right business model to determining the best location, many personal and legal factors must be carefully taken into consideration before taking the plunge. There are several burdens and rewards associated with buying …

To sell or not to sell – the pros and cons of putting your dental practice on the market

Practice Plan Podcasts, Practice Management Leave a Comment

If you’re considering putting your dental practice on the market, this podcast is a must! Join host Nigel Jones as he catches up with Wesleyan Bank’s, Raj Patel to gain his expert knowledge and advice on the pros and cons of putting your dental practice on the market.

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 …

Speculate to accumulate

Can dental practices risk delaying investment in new technology?

Wesleyan Bank Practice Management Leave a Comment

Advancements in dentistry have accelerated considerably during the last five years due to the explosive growth of new technology. 3D printing, digital radiography and integrated practice management software offer enticing benefits to patients in today’s highly competitive dental market and can support a practice’s strategy to boost efficiency and profitability levels.

Things your commercial bank may not want you to know

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

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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 …