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
Financial Planning
Planning for a happy 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
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?
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
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!
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