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 a dental practice for free is a bad idea!
05-11-2014We see more and more dentists understanding that selling a practice for no commission is dancing close to commercial suicide. There has been a long held view by many dentists that selling for free and getting their buyer to pay this fee was a good idea – surely this is money saved was the cry. … Continue reading “Selling a dental practice for free is a bad idea!”
Business Interruption Cover
09-09-2014When the worst thing happens…. Your business has been going well and your turnover has increased, making more profits. What you may not have taken into account is to review your Surgery insurance, in particular the Business Interruption part of the policy. Generally dentists keep renewing the same surgery insurance policy and, if it is … Continue reading “Business Interruption Cover”
Now is the perfect time to sell
05-08-2014Lis Hughes, managing director at Frank Taylor & Associates, explains why now is the perfect time to sell. In the five years since the collapse of Lehman Brothers sent the global financial system into near meltdown, the legacy remains with us and the dental sector like all others has been affected. However, finally there … Continue reading “Now is the perfect time to sell”
Are you a financial orphan?
08-07-2014Did you know about new regulations which came into force from January 2013, called Retail Distribution Review (more commonly known as RDR)? As a result, financial advisers are no longer able to receive commission on pensions and investments, instead they have to be transparent and discuss and agree their fees with the clients. You may … Continue reading “Are you a financial orphan?”
How much money do you lose due to staff absence?
17-06-2014Lis Hughes, Managing Director at Frank Taylor & Associates, looks at what you can do to fill any gaps in your workforce and ensure your practice continues to run smoothly. Which one are you? The DIY Dentist With the amount of dental staff looking for work, it’s no surprise that when we speak to practice … Continue reading “How much money do you lose due to staff absence?”
What to do when thinking about selling your dental practice
17-06-2014With the value of goodwill at a consistently healthy level, you may as a practice owner be considering your future options. Here are a number of points you should consider: Plan in advance – it can be daunting when we speak to principals who have booked their round the world cruise before even getting the … Continue reading “What to do when thinking about selling your dental practice”
Give your finances a spring clean
14-05-2014The fiscal year end is rapidly approaching which is an ideal time to take stock of your financial position – in effect you can make a ‘Financial New Year’s resolution’. Here’s a quick guide for undertaking a simple and achievable review, irrespective of your income or outgoings, which could improve your overall financial health and … Continue reading “Give your finances a spring clean”
Are you prepared?
14-05-2014Lis Hughes, Managing Director at Frank Taylor & Associates explains more…. Over the past few months we have dealt with a number of dentists or their families during bereavement or serious illness and it became apparent all of the families would have been much better prepared if a few simple things had been implemented in … Continue reading “Are you prepared?”
