“Many professional friends and colleagues are now part of SOBP – all the feedback is the same as ours – excellent!”
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We would like to say a huge thanks to Andrew Chandrapal from Bourne End Dental in Bucks for this wonderful testimonial.“Working in a partnership has many advantages, however, we all saw the financials in different ways. We saw a course advertised at the British Dental Association that was conducted by Spot On Business Planning that really made sense in terms of how a business should be viewed and run – by looking at the small details that make up the bigger picture.We immediately sought a meeting and it went forwards from there. It now appears that many professional friends and colleagues are part of SOBP – all the feedback is the same as ours – excellent!As with any process, it takes work and you need your team behind you or indeed obtain a team that does! It also means looking at yourself and your business with a very detailed and practical viewpoint so you are able be pragmatic and self reflect on what works and what does not.Be prepared to take your accounting to the smallest level and only then do you have an accurate indicator of the true performance of your business. Once the hard work is done it is a case of maintaining things and keeping things going. The information obtained is frankly staggering and you learn a huge amount about your business. My view is that it has been indispensable.The process was demanding but extremely rewarding. Looking back on it we would not have had anything like the type of analytical and recordable growth that we had. It was also a real education as none of this is explained or illustrated as a self employed trader or business owner.We have now achieved year on year growth and whilst we have split our time as managing partners between clinical and management it has affected our work balance to a much more efficient level.The three specific strategies or analysis that SOBP determined that made a real difference were comparing year on year trends, analysing trends with labs and materials compared with turnover, and profit by clinician.What I most like about working with SOBP is their personalised approach to our business and its needs, continual commentary and individual/group trends every financial quarter.I would most definitely recommend their services – if you are interested in getting the most out of your business, running it with efficiency whilst maintaining quality and don’t know where to start, then start with SOBP.”
Our upcoming events
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BDA Setting up a dental practice
The BDA Setting up a dental practice in-person workshop is a great opportunity for you to gain invaluable support, advice and insider information from expert speakers, including Andy McDougall and Anne-Marie Houston, on how to set out on your own for the first time.
Planning your successful exit
Join industry experts & learn how to plan your successful exit at this free live event!
Enjoy an opportunity to join Andy McDougall & Anne-Marie Houston in person at a free event in Surrey in July for dentists keen to maximise their exit value and gain tips for a smoother sale.
Spot On Business Planning is joining Dental Practice Sale and AMG Wealth on Thursday, July 10 for the informative live event to help dentists plan their successful exit.
The three companies will address key areas of concern to practice owners leading up to a sale, the sale process itself and post-sale aspects.
One of our strategic partners, Dental Practice Sale, is a specialist dental broker with an expansive national network of contacts and a team whose pedigree encompasses some of the UK’s most important, prestigious and noteworthy dental business transactions. Collectively the team has decades of experience in valuing, buying and selling dental practices and utilises its vast knowledge to offer the best all-round service.
AMG Wealth is a chartered financial planning practice that delivers high calibre intergenerational financial planning advice. It develops close working relationships with clients to provide investment planning based on your personal priorities, such as keeping a good standard of living in retirement or protecting wealth for future generations.
- Learn how to maximise your exit value - what are the drivers?
- Understand the benefits of structuring your business ready for exit
- Determine the best point to exit
- Hear a personal account from a DPS client & practice seller
- Gain insights on the state of the market today
- Consider where your practice sits with the different buyers in the market
- Uncover the details in deal structures
- Be informed about the valuation process & how you can influence it
- Be aware of options pre sale such as EOT, Pre Sale Trusts, significant share holder exemption
- Transition into the next phase of life (if retirement, what you will do, having winter hobbies etc)
- Ensure you run out of life before running out of money (cash forecasting)
- Protect the estate for now and future generations
- Complimentary drinks and buffet from 6.30pm
The event at Brooklands Hotel in Weybridge starts at 6.30pm with drinks and includes a buffet.
Click here to reserve your space: https://www.dentalpracticesale.co.uk/events/evant-2?hsLang=en-gb
BDA Business Essentials Course
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.
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