How can I boost my net profit?
.jpg)
[caption id="attachment_500" align="alignright" width="150"]
Learn how to double your profits with a little help from dental business coach Andy McDougall from Spot On Business Planning[/caption]Dental business coach, Andy McDougall from Spot On Business Planning reveals his five top tips to help double the net profit of your dental practice – something Spot On clients tend to do every three years.
- It’s great to have a vision but without proving it is financially viable, it is a potentially dangerous pipe dream. Not all visions make money! Ensure your ladder is leaning against the right wall before you run up it, otherwise you just get to the wrong place faster.
- Is your dental practice generic? No! Your people, processes, brand, income, cost base etc., are unique to you so select specific performance measures that drive your dental business. They are your business fingerprints.
- Make sure your decisions are based on the Break Even Point of your business. Understand Decision Making Accounting.
- Ensure you know your Break Even Point to set profitable treatment/clinicians.
- Understand how to measure the true return on your marketing. If you don’t know how, don’t make marketing spend decisions until you do!
“The biggest single difference SOBP has made to my business over the last five years is profit!” Matt Lamb, Glendair Dental Practice, Derbyshire
“We have added over £50K to our net profit simply by applying sound business principles of evaluation and cost control.” Chris Smirthwaite, The Smile Centre Liskeard
Free analysis of your dental business
Learn a lot about your own dental business with a free consultation with our dental business consultant Andy McDougall. Send us your last 3 years of financial accounts, Andy will analyse them and visit you to explain the strengths and weaknesses he reads in your numbers. Call 01949 851723 or complete the form here to arrange a free analysis.
Our upcoming events
Putting Profit Back into Practice
Will you have enough money for retirement?
Do you know how to maximise your eventual practice sale, and fully understand the practical and legal issues surrounding such a sale?
Are your current personal and professional finances structured in the best way to grow your wealth and minimise tax?
If the answer to any of these questions is ‘no’ or ‘I’m not sure’, this financial planning masterclass for principal dentists is for you.
Andy McDougall and Anne-Marie Houston will be joining an expert line-up of speakers who will deliver essential knowledge on how to:
- Grow and sell your practice at the highest value possible
- Understand the tax implications around such a sale
- Secure the retirement of your dreams
- …and put a plan in place that makes all of the above achievable.
The event concludes with a complimentary buffet and Q&A, where you’ll have the chance to ask questions and soak up the expertise of the speakers. You will also acquire 1.5 hours of verifiable CPD.
We hope to see you there!
BDA Business Essentials Course May-June 2026
This two-day workshop is ideal for any dental business owner and their practice manager looking to transform poor performance, prepare for sale, or take their practice to the next level with a vision for expansion. Presented by industry experts Andy McDougall and Anne-Marie Houston, this interactive workshop will equip you with the essential tools and strategies to succeed in today’s competitive market.
Book your 121 Zoom with Andy McDougall
Fill in the form below.
.jpg)
