What’s stopping you? asks dental business coach
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Five little speckled frogs… Take the plunge with dental coach Andy McDougall from Spot On Business Planning[/caption]Dental coach Andy McDougall from Spot On Business Planning poses the following question:“Five frogs are sitting on a log and four decide to jump off, how many are left sitting on the log?“Five; because there’s a huge difference between deciding to jump off and actually taking the plunge.”A true decision is evidenced by the fact you have taken action. The greatest barriers to progress are inertia, failure to implement and inaction.So, if the greatest cause of lack of progress is failure to act, what could be the reasons that prevent people taking action?One reason could be fear of making the wrong decision. Or maybe it’s not being able to cope with the knock-on effect these changes deliver.Knowhow is an intriguing phrase. To Andy McDougall it means knowing ‘what’ to do and knowing ‘how’ to do it. Understanding your dental business is crucial, and discovering where results can radically improve equally so, but there is no point figuring out what needs to change if you aren’t going to see it through to completion.
Be the agent of change
A key skill of a leader is the courage and determination to follow through for the benefit of the business. To be the agent of change.Another key skill of a great leader is knowing that you don’t need to have all the answers; more important is to be able to ask the right questions of others and of yourself. Sometimes you need to ask for help to pinpoint and deliver the changes that will transform your dental business into the one you always wanted.The difference between extraordinary and ordinary is that word ‘extra’. Maybe it’s time to obtain that extra help you need. Is that a decision you will follow through on?If so, contact Andy now.
Free analysis
Spot On Business Planning provides a free analysis of your dental business. Send Andy McDougall your last 3 years of financial accounts and he will analyse them and visit you to explain the strengths and weaknesses he reads in your numbers. This will help you gain a deeper understanding of the problems and opportunities in your dental business and will allow you to think decisively about the changes you need to make.
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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