Unprecedented demand for business webinar!
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More than 1,000 people signed up to watch Andy McDougall and Anne-Marie Houston from Spot On Business Planning as they launched their first live webinar hosted by MediEstates, UK and Ireland’s leading dental broker, and supported by the BDA. This is the most people to ever sign up for a MediEstates webinar!To help dental business owners navigate through the financial issues caused by Coronavirus, Andy and Anne-Marie presented a Lunchtime Lockdown webinar on Business Survival today (Wednesday, April 22nd). Demand was so huge that they will repeat the entire webinar on Monday, April 27th at 12pm.Andy and Anne-Marie focused on business survival and the key questions asked by their clients and dental practice owners at large, which include:* How can I produce the cashflows the bank is requesting to support my CBILS loan application?* Now I have my loan am I safe? (The peak of the financial problem might be following a return to work when ‘payment holidays’ are over and turnover does not return quickly.)* What if I need to borrow money a second time: will the banks help me?* How can I get my profits back to previous levels as quickly as possible?* Will I need to restructure my business (clinical and funding structures) when I return to work?The second webinar: Business Revival will take place between 12pm – 1pm on Wednesday April 29 and prospective attendees are urged to register as soon as possible to ensure the link arrives in plenty of time.Part II: Business Revival will focus on:* Rolling cashflows updated, daily versus monthly* Business modelling of the different return to work scenarios* Reactivation strategies that underpin a return to (and doubling of) profit* What if no further government support?* Constantly micro-managing the cash (planning & control)* Pricing – additional costs, additional hours* Protecting clinical/ staffing structure* Considerations of market valuePart III: Business As Usual will take place a week later on May 6, also starting at 12pm. Andy and Anne-Marie will focus dental practice owners on the decisions that underpin an effectively managed return to business as normal:* Spot On Business Planning normal methodology* Returning profits to previous levels* 4 stage methodology* Profit by treatment* Profit by clinician* Business plan* Performance management* Business valuationNeed more help?If you and your practice need help navigating the travails of the virus, please get in touch by emailing vikki@spoton-businessplanning.co.uk or calling 01949 851 723.
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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