Don’t refer work out – keep it in-house
24-08-2021We are regularly asked by sellers for tips on the best ways to increase the goodwill value of their dental practice. So, here’s one tip that should be relatively straightforward to implement……where possible, always deliver treatments (such as orthodontics, endodontics, periodontics or implants etc) in-house at your practice. If you are referring work out, our … Continue reading “Don’t refer work out – keep it in-house”
Stable Accounts Prior to Sale
19-08-2021So often sellers ask how they can increase the goodwill value of their dental practice so here is a simple tip which adds value and gives buyers comfort too. Frank Taylor & Associates has sold over £2bn of dental practices and the common theme among buyers is they want to buy consistency, stability, and opportunity … Continue reading “Stable Accounts Prior to Sale”
Profit is Sanity
19-08-2021Many dental practices have seen a surge in patient demand from June last year when dental practices could re-open following Covid lockdown v1.0. This surge has enabled practice owners to help recover losses sustained from earlier in 2020 and, for many, to re-organise their way of working to meet this new demand. There are clearly … Continue reading “Profit is Sanity”
COVID-19 and dental practice ownership
18-05-2021Andy Acton from FTA, and Kirsty Hague from Hague Dental, discuss the options for dentists surrounding practice ownership following COVID-19. COVID-19 may have torn apart the global economy but, according to a recent article in The New York Times, the unique positioning of dental practices makes them stable businesses. Indeed, in the eyes of some economists, … Continue reading “COVID-19 and dental practice ownership”
Strong & Stable
21-04-2021The phrase ‘Strong and Stable’ probably hasn’t been used in many industries over the last twelve months, and before that may have been used as a stick with which to beat governments with, yet it would be a good summary of the results of a survey of the dental industry undertaken by Frank Taylor & … Continue reading “Strong & Stable”
Have you seen our new video?
23-03-2021After a challenging 2020, we decided to start this year with a bit of a bang and put together a new company video that outlines more about what we do and how we can help those in the dental sector. The video was quick and easy to produce – all efficiently co-ordinated by the expert … Continue reading “Have you seen our new video?”
New normal, new balance
18-03-2021Andy Acton looks at the issue of changing workplace demographics and the impact that might have on dental practices. A year ago ‘new normal’ would almost have been an oxymoron; for many the word ‘normal’ was almost synonymous with ‘same old, same old’. Twelve months, several lockdowns later and with the prefix ‘new’ it has … Continue reading “New normal, new balance”
Clubhouse – what is all the fuss about?
04-03-2021Andy Acton talks about the fast-growing app Clubhouse and why it’s making an impression within business and dentistry. Clubhouse is quickly gaining traction as the next big social media platform. In short, it is an audio-only drop-in chat platform. It uses the age-old way of communication: voice. Innovative eh?! You can join and just listen … Continue reading “Clubhouse – what is all the fuss about?”
How to build a squat dental practice?
25-02-2021Squat practices are growing in popularity as associates look to take control of their futures. In this article, Andy Acton talks about the financial hurdles dentists need to overcome to build a squat practice. Why should a dentist start a squat practice now? The last 12 months were really hard. The government support was lacking, … Continue reading “How to build a squat dental practice?”
A lesson learnt!
04-02-2021If you’ve decided now is the time to sell, you need to ensure you are getting the best, unbiased advice. This in turn will ensure you get the maximum amount possible in your bank account at the end of the sale. Selling your dental practice is arguably the biggest transaction you could make in your … Continue reading “A lesson learnt!”
