Incorporation valuations – the thing of the past?
07-04-2015With the recent changes in tax many principals may be reconsidering the option to incorporate, and as an organisation we always strongly advise to talk to a specialist dental accountant before making such a decision. As an agent we have over the years carried out hundreds of incorporation valuations and when undertaking such a valuation we always provide our methodologies to … Continue reading “Incorporation valuations – the thing of the past?”
The importance of Planning
24-03-2015Building Business Competence for Dentists Benjamin Franklin was way ahead of his time when back in the 1700’s he said: “By failing to prepare, you are preparing to fail.” He was not alone in placing importance on planning as these wise old owls show: Always plan ahead. It wasn’t raining when Noah built the ark. – Richard … Continue reading “The importance of Planning”
Workplace Pensions – Get Started Today
19-03-2015Have you heard about Workplace Pensions? The adverts are back in the media. Are you aware that as a practice owner (employer) you have a legal requirement to provide a Workplace Pension scheme for all eligible staff working within your business? Auto-enrolment is part of a Government initiative to increase private retirement savings within the UK. It is … Continue reading “Workplace Pensions – Get Started Today”
Selling Your Dental Practice – Top 10 Don’ts
18-03-2015Andy Acton, director and co-owner of Frank Taylor & Associates, explains more…. If someone (private approach, corporate, anyone!) knocks on your door do not accept their offer without getting the value independently checked yourself. Independently, means you find and appoint the valuer yourself and not be guided by the prospective purchaser to a valuer they … Continue reading “Selling Your Dental Practice – Top 10 Don’ts”
Workplace Pensions – Why You Should Start Today
11-03-2015Getting started at anything is critical, yet we all tend to plan, ponder, strategize and contemplate rather than take actual action. To be a good golfer you need to get out on the driving range or play on a course. Spending time in the local golf superstore getting kitted out with the latest clubs, a … Continue reading “Workplace Pensions – Why You Should Start Today”
Selling your business
26-02-2015Selling your business doesn’t start with approaching an agent with a view to finding a buyer, or it shouldn’t. You might be surprised by the lack of preparation many business owners undertake prior to deciding to sell. Being poorly prepared doesn’t mean you get to side-step the necessary work it just shifts when it gets … Continue reading “Selling your business”
It’s a great time to sell
17-02-2015When Mr Manji started to put in place plans for his exit strategy and the eventual sale of his dental practice in London, he approached Frank Taylor & Associates for advice and a valuation of the business. “From the very first time that I met Andy Acton in 2006, I felt very comfortable with his … Continue reading “It’s a great time to sell”
Preparing to sell
10-02-2015Success is Where Preparation & Opportunity Meet Preparation time is rarely time wasted. At a low level, I am sure we have all had situations where we have left the house ill-prepared to realise that a coat or gloves would have been a good idea through to a whole day spent on fine tuning a … Continue reading “Preparing to sell”
Do What is Right When Selling
22-01-2015Andy Acton, Director of Frank Taylor & Associates, sums up the importance of doing what is right when selling your dental practice. I am sure we’ve all had situations where we have known what the right thing to do is, but paused. Doing the right thing is sometimes a complex conundrum. Would you be brutally … Continue reading “Do What is Right When Selling”
Selling for free doesn’t make commercial sense!
22-01-2015It is well known that we all like something for free, in fact it recently ranked 2nd in a recent poll of our most favourite things! However, like most things in life there are always exceptions. We all know that tomatoes are a fruit but would you add them to a fruit salad? And remember … Continue reading “Selling for free doesn’t make commercial sense!”
