A new year is the ideal time to ask yourself the big, hairy question… Are you happy with your work life balance? If the answer is no, here’s how you change it in 2017. It’s a two-step approach. Firstly, make sure you get the horse in front of the cart. Discuss the holidays you want to […]
It’s a comment I often hear from dentists as I travel around the UK… ‘I just don’t have the time’. ‘There isn’t enough time for me to do everything’. Perhaps you have heard yourself saying something similar… My reply to each and every dentist? Make your business work for you rather than the other way round. […]
If you are like the dentists we work with, you are wondering about the changes which have started to come through regarding your online tax systems. Here’s the news so far from our tax specialists… HMRC have plans to ‘simplify tax’ by 2020. They plan to obtain and present as much information as close to real […]
Some dentists struggle to get their teams to follow systems and focus on opportunities when seeing patients. Firstly, It’s important you discuss any new or amended systems with your team to make sure they ‘sign up’ to them. Then it’s down to the communication structure in your practice. It’s vital to bring your team together systematically. […]
I was recently approached by a dentist who until now has been working on a single-handed basis. He was eager to make sure he had considered all the legal points he needed to before taking on his first associate. This is a significant step for a dentist and it’s vital to prepare in an appropriate way before you do […]
Every dentist wants to maximise the amount of patients who come back for exams and hygiene sessions but some don’t know where to start. If this includes you, allow me to offer some insights… First you need to make sure you keep all your active patients in the recall ‘loop’ on your practice software. So […]
For the majority of dental business owners hygiene is an area of untapped potential.I recommend focusing on hygiene as a separate ‘business within your business’. When you look at the profit per hour you make from hygiene compared to your associates you start to see why. This is because an associate who is paid 45% […]
Maintaining adequate cashflow is a key factor in the success of any business. So if you’re worried about your cashflow, the key is to look forward on a rolling basis. I recommend adopting a 13 week cashflow forecast model. We provide our clients with a template into which your bank account balance figure can be […]
I often speak to dentists who want to raise their pay-as-you-go prices for patients. If this includes you, here’s the process I recommend to ensure you set them at the right level… First of all, ask yourself when was the last time you increased your prices?Always look to make increases either at the start of the calendar year […]
Having incorporated your dental practice the natural assumption will be that when the time comes to sell, and hang up your drill, you will sell the company that now owns and runs your dental business. It’s as simple as that. Or is it? Well actually, it isn’t. One area of negotiation we often encounter on […]