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!”
How much does a dental practice sell for?
20-01-2021There is no standard for what a dental practice sells for. There are over thirty factors that need to be considered when assessing the goodwill value of a dental practice. The key determining factor on how much a dental practice will sell for is the location. A dental practice located in a large city or … Continue reading “How much does a dental practice sell for?”
NASDAL Goodwill Survey – The Dental Broker’s View
20-01-2021The latest NASDAL Goodwill Survey is very interesting when you dig behind the graph. The headline shows this as the fifth consecutive quarter when deal values have risen – which I am completely in agreement with. This experience mirrors that of Frank Taylor & Associates who continued to have deals progress and complete in 2020 … Continue reading “NASDAL Goodwill Survey – The Dental Broker’s View”