Dental coach asks the tricky questions – Dragon’s Den style!

Published 24th October 2016 by admin.

Drill into the detail with dental business consultant, Andy McDougall from Spot On Business Planning

Those Dragons are well known for asking the trickiest of questions and what is so often proved is that many people don’t have much of a clue when it comes to tough financial probing.

Do you?

Here are some Dragons Den style questions as posed by dental business consultant, Andy McDougall from Spot On Business Planning.

Do you know what areas of your dental business are profitable and which are not?

If you have three income streams NHS, dental plan and fee per item, do you know the net profit of each?

Take treatments, again do you know which return a net profit? Dental business mentor, Andy McDougall guarantees several will make a loss.

Similarly, so will your fee earners. Do you know which ones are profitable?

So let’s assume you do know and you have discovered the loss-making areas of your dental business. Do you know what to do to deliver the correct profit from these areas?

Doubling your profits is easy…

Doubling your net profit is easy if you know how and it’s not a marketing game. Yet the industry seems set on making it a marketing game that aims to makes you bigger but not more profitable. This is the most common problem dental practices face.

Everyone knows net profit is the result of your income minus your operating costs. But do you know how each of those operating costs behaves in relation to your income?

There’s no such thing as generic in business, only generic principles

Your dental business is unique, just as you, your team and your business model are. You will never realise your business potential as long as you look at the face of your accounts. Delivering the results means drilling into the detail.

Don’t be one of the 90%. Decide to be more and achieve more. Make a decision to unlock the profits hidden away in your dental business. Contact Spot On Business Planning today.

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Our knowledge and experience of what makes a dental business tick is vast. We’d be delighted to reveal the secrets hidden in your numbers. Learn more about your dental business during a free Zoom consultation with Andy McDougall, who will use your specific numbers to illustrate how we could double your net profit in three years.

Send us your last three years' financial accounts. We will analyse them and during your one-hour complimentary Zoom call, Andy will explain the strengths and weaknesses in your numbers.

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“I have worked with Spot On for many years and they have never disappointed – you need to start working with them immediately!”

Spot On Business Planning is here to give you the tools and knowledge to understand the true financial situation of your dental practice”

Andy, Anne-Marie and all the team from Spot On Business Planning have been instrumental in how we’ve grown”

“Thanks to Spot On Business Planning’s wealth of experience, we are extremely confident that we will come out of this on the other side”

“Spot On Business Planning are experts in their field”

“The difference joining Spot On Business Planning has made to my business has been huge”

“It’s only when you start working with them that you realise how much they put into what they do”

“It’s hard to put into words how reassuring it is to have all the advice and expertise from Spot On Business Planning”

“We’ve made some really big changes and I don’t see how we could have done that without Spot On Business Planning”

“The advice you’ll get from Andy and his team is second to none”

“We thought we were good before, we are so much better now, thank you Spot On Business Planning”

“While most of the dental profession were in meltdown, we knew where we were financially & what our outlook was”

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