Retiring Dentist - Blog Archives

Dentists: I Wanted You to See This!

You have a massive opportunity here… The biggest opportunity that your Dental practice has had for some time.

The economy is contracting and although there are some people out there that say this is a terrible thing…

It doesn’t have to be!

Think of the recession as a sharp curve on an auto racetrack. It is the best place to pass competitors however requires more skill to manoeuvre than the straights.

The best drivers apply the brakes just ahead of the curve (taking out excess costs), turn hard toward the apex of the curve (identify the short list of projects that will form the next business model), and accelerate hard out of the curve (spend and hire before markets have rebounded).

So what specifically distinguishes eventual winners?

Well you know the saying… ‘Offense is the best defence’, and the strongest Dental practices coming out of the last recession went on the offense early, while many others just focussed on survival.

And one of the smartest ways to mount your attack on the looming recession right now is through the acquisition of new patients.

But, don’t forget this is a tenuous time and you cannot afford to go through it making mistakes. Download our eBook here to arm yourself with the 5 Fatal Errors that acquirers make when buying Dental practices.

Otherwise, the recession could take away - not just your future plans – but what you have in place already!

So if you want to use the acquisition to secure Dental practices that add capabilities to do old things in new ways there here are 3 ways I can help:

Download our FREE eBook which can show you the 7 things to determine the profit uplift potential so you get a great return on your investment by clicking here.

Speak to one of our highly trained consultants who can talk you through how the last recession presented opportunities using mergers and acquisitions to reshape the portfolio of Dental practices by clicking here.

And if you are ready to play your offense instead of just simply hunkering down then reply back to my email with the word ‘Offense’ and I will see if I can help!

Best wishes,

Kimberley Hagues

PS. Avoid the bunker mentality. We know that well-executed acquisitions—buying the right Dental practice at the right price and integrating successfully—can create tremendous value. Start off the right way by downloading our eBook herenow!

Dentists: We Are Here to Help! 

I just wanted to take the time to write a personal note to all Dental practice owners. 

Even in the unlikely event we reduce  the spreading of COVID-19, adversely it will mean a worse and more deeply structural recession. China finds itself having quelled the spread but with the virus still present, a return to pre-virus normality in terms of socialising is impossible. That said, when faced with losing loved ones, a recession is obviously a far preferable choice.

On the positive side, vaccines are already being sped through clinical trials however, this will take some time. The truth is we are far more likely to have a treatment before we have a vaccine.  US based firm, Gilead services is having success with its clinical trials of a drug called Remdisivir. Remdisivir is a potent anti-viral developed to treat Ebola and it also has already proved effective with two other corona viruses (MERS and SARS).

Dental practice owners are a resilient bunch and I am consistently impressed by the compassion and support shown within our community. Let us not catastrophise, but instead focus on positively supporting each other. If I can help in any way then please just let me know.

These are challenging times that no-one could have predicted. It is inevitable that we will all feel the impact of this and therefore we must look out for each other, our families and our staff.

If you are of mature years then it is absolutely essential that  you adopt social distancing and avoid groups at all costs.

If you require assistance please just reply back to me.

Best Wishes, 

Kimberley Hagues

The Dentist Acquirers Cheat Sheet!

Let me hit you hard and fast with the 5 most important things to consider when acquiring a dental practice.  

- Think 'synergy', not 'shoehorn'. 

- Due Diligence...and why it is vital. 

- Goodwill Hunting. 

- Compliance conundrums and complicated calculations. 

- A people profession. 

Not taking heed of any of the above will strip you of any chance of securing a first class acquisition. 

So if you want to avoid that happening, then here are 3 ways I can help: 

Download and read our FREE detailed guide to this cheat sheet by clicking here. 

Want advice on how to make yourself stand out when upgainst other potential acquirers? Speak to our expert consultants by clicking here. 

And if you want to acquire a prime dental practice then reply to this email with the word ‘Prime’ and I will see if I can help.

Best Wishes, 

Kimberley Hagues

PS. Ensure you don’t action yourself out of a premium acquisition! Download our eBook here for our guide on carrying out due diligence.