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Financial Planning

A clear measure of your success

Louise Beddow | 24th July 2018 | Financial Planning, Practice Management

A measure of success

I accept that measuring your financial figures or other key performance indicators (KPIs) may not be the thing that makes you jump out of bed in the morning. And it probably isn’t the reason you chose to open a dental practice. But it is vitally important for the success of your practice. Why bother measuring… Read More

Planning for a happy retirement

Ian Eslick | 26th June 2018 | Financial Planning, Retirement

retirement

Retirement is your chance to enjoy the rewards of all your years in practice, but dentists can sometimes miss out on making the most of their ‘golden years’. That’s because often, and understandably, during the final few years of work people begin to wind down. However, I believe there is a more financially rewarding approach… Read More

The buying game – how to purchase your dream dental practice

johnclarke | 30th October 2017 | Financial Planning

Many dentists have a specific career plan after qualification, often culminating in them owning their own practice. For the majority, this represents a once in a lifetime opportunity to grow their own business and reap the financial rewards as they work towards enjoying a comfortable retirement. But purchasing your dream dental practice may not be… Read More

Financing growth – is it time you looked beyond your business bank?

johnclarke | 25th September 2017 | Financial Planning

Competition in the UK dental sector is fierce due to the proliferation of practices within condensed geographical areas and patients’ rising expectations for unique service quality.  Successful dental practices typically bare the hallmarks of an engaged and knowledgeable team, well-maintained premises and investment in modern equipment and technology. But distinguishing your practice from everyone else… Read More

How to plan your finances for life after selling your practice

Michael Copeland | 28th August 2017 | Financial Planning, Practice Management

Selling your practice before your retirement date, whether you want to move into working as an associate or pursue a new career, is becoming increasingly popular. But, how do you maximise the funds you have worked so hard for, to make sure you get the best return? Below, Michael Copeland, Area Manager for Wesleyan, shares… Read More

How to holiday with financial peace of mind!

Ian Eslick | 31st July 2017 | Financial Planning

As an owner of a dental practice, especially single-handed dentists, taking time off to go on holiday can be a painful financial double whammy. Not only do you have the cost of the holiday to contend with, but you also have to face up to the fact that, potentially, you won’t be earning a penny… Read More

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