Dental coach asks the tricky questions – Dragon’s Den style!
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Drill into the detail with dental business consultant, Andy McDougall from Spot On Business Planning[/caption]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.
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 January-February 2027
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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