Retiring Dentist - Blog

The Necessary Dental Pivot!

This is a challenging time for Dentists. Everyone is being asked to stay inside.

Businesses most affected by this are ones that provide services in local areas. Restaurants, salons, gyms, local markets and of course Dental practices are all businesses that deal with people locally and in person.

To maintain social distancing and self-isolation, means patients are cancelling their appointments or the practice cancelling procedures that can wait until after we have 'flattened the curve'!

In the meantime, you have all been forced to close. Or you are very close to it!

But some businesses have been able to adapt and I have seen evidence of this myself in my local area…

Local market traders are undertaking deliveries! Restaurants have started takeaway services!

Any service necessary to keep cash flowing and profits up... They are doing it!

Being able to adapt and continue serving the needs of their community will put these businesses in the best position to survive what is going on in the world right now!

So how will you adapt?

Well adapting through acquisition is one of the ways to keep your cash flowing and your profits up, and by downloading our eBook here on the 5 Fatal Errors when acquiring you will be able to avoid the mistakes that most buyers make when acquiring a Dental practice.

If you don’t, then you won’t know the 7 factors that can accurately predict the profit uplift potential and how will you know you are making a sound investment?

So if you are wanting to acquire a Dental practice and make sure you do it right the first time, then here are 3 ways I can help:

Download our FREE guide so you can read about the 5 most common mistakes that buyers make when acquiring a Dental practice by clicking here.

If you want to know why acquiring now will get you a great return on your investment then speak to one of our highly trained consultants who are here to talk it through with you by clicking here.

And if you want more information on how to join our emergency buyers guild then reply back with the word ‘Guild’ and I will see if I can help.

Best wishes,

Kimberley Hagues

PS. Never before has it become so necessary for us to adapt to our rapidly changing situation. Download our eBook here, so you can make sure you don’t adapt in the wrong way!

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. 

Dentists: The Good, the Bad and the Painful! 

In my experience as a dental patient, there are 3 types of dentists that exist.

The good, the bad and the downright painful! 

The good dentists are those that prepare themselves so well, that when giving local anaesthetic to a paediatric patient for a filling, the child doesn’t even realise they had a needle in their mouth, thus maintaining a caring and trusting relationship. 

The bad dentists that wreak havoc on your mouth and your bank account.  

And then dentists that are just so painful to deal with, both literally – when they are performing a less than appealing procedure, and figuratively – when they really couldn’t care less about the pain you are in! 

Well I certainly know who I want taking care of me...

And when it comes to picking the right acquiring dentist to take over your dental practice...you will want the ‘good one' too! 

By not downloading our eBook available here, you may find yourself with a bad or painful acquirer. 

And unable to negotiate your way to a premium offer! 

If you are ready to ensure the best possible outcome in your dental practice sale, then here are 3 ways I can help: 

Claim a copy of our FREE guide which will equip you with the powerful tools needed when entering into negotiations with any potential acquirer by clicking here!

Avoid underselling and being left undercompensated by speaking to a member of our team by clicking here. 

Concerned about negotiating the best price for your dental practice? If so, reply back with the words ‘My Worth’ and I will see if I can help. 

Best Wishes, 

Kimberley Hagues 

PS. Click here now to download our eBook to find out one of the top reasons why negotiations fail and how to avoid it! 

The Dentists Cheat Sheet!

Let me hit you hard and fast with the 7 most disastrous things that you can do when selling your dental practice.  

- Seizing the first opportunity that comes along. 

- Bad housekeeping. 

- Careless checking. 

- Forgetting to tell the people that matter. 

- Telling too many people. 

- Ignoring tax implications. 

- The five golden rules. 

Not taking heed of any of the above will strip you of any chance of securing a premium offer for your dental practice. 

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 your dental practice stand out to potential acquirers? Speak to our expert consultants by clicking here. 

And if you want to achieve a premium price for your dental practice then reply to this email with the word ‘premium’ and I will see if I can help.

Best Wishes, 

Kimberley Hagues

PS. Ensure you don’t get cheated out of what you deserve! Download our eBook here for important information when valuing your dental practice!

The Final Curtain on Your Limited Dentistry Growth! 

Almost every Dentistry practice owner will reach a point where their business growth starts to idle or worse still, come to a shuddering halt!

These Dentistry practice owners are working long hours with very little reward, when actually their profit could be reaching maximum levels.

The reason for having no reward has nothing to do with their skill set, or their key demographic. 

It’s about resources. 

Depending on your resources, you can only take on a certain number of patients at any one time! 

So you might feel like you and your practice have climaxed! 

So what to do next, if you feel you have nowhere left to go? 

Well the first thing to remember is, the feeling that you have nowhere left to go…It is an illusion. 

Unlike teeth, the ways to growing your practice can be endless, you just have to be pro-active enough to find them.

Acquiring Dentistry practices opens the door for growth which in turn will make attraction of excellent quality patients possible. 

Once you are in that pro-active mind set, the next step is clicking here to download our eBook on how not to fall into the traps when buying a Dentistry practice. 

You will be surprised at how many Dentist business owners don’t focus on maximising their time and put all their efforts following the wrong path. 

And if you don’t want your acquisition to swallow your precious time and money then here are 3 ways I can help:

Download our FREE guide which highlights the mistakes Dentist business owners make which repeatedly cost them money, by clicking here.

Speak to one of our highly trained consultants who can give you a full market update, by clicking here. 

If you want to grow your practice and see a return on your investment, reply to this email with the word ‘Acquisition’ and I will see if I can help! 

Best Wishes 

Kimberley Hagues

PS. Grow your Dentistry business and your profits by clicking here to download our eBook now!

Dentists: Partner up?

So you have decided you want to acquire, but aren’t sure whether to go it alone.

Acquiring a dental practice with another Dentist is an option.

And it can be a good idea if you want to split the costs and the hassle!

But beware…

Partnering up means you will have to share the three ‘P’s’. Property, patients and profits!

Acquiring right first time is key and you can read all about your potential for growth and what not to do by downloading our eBook here on The 5 Fatal Errors made when buying a Dental Surgery.

Having an acquisition partner might end up being a trap you don’t want to be caught in, so weigh up your options before deciding.

You might discover that you can actually be the King or Queen of your own dental castle!

Best Wishes,

Kimberley Hagues

PS. If you are looking to grow your profits through acquisition then here are 3 ways I can help:

Download a FREE copy of our guide for advice on completing your due diligence in acquisition by clicking here.

Speak to one of our highly trained specialists who can give you a full dentistry market update and talk you through the acquisition process by clicking here.

And if you need assistance buying a dental practice then reply back with the word ‘assist’ and I will see if I can help!

Dentistry Owners Growing Pains!

It can be frustrating when a Dental firm achieves less than it should.

Are you putting so much time and effort into sustaining what you already have, that you don’t really see the potential for what ‘could be’?

And at this point in time, do you actually have any goals in place that guarantee the future growth and success of your business?

You cannot be afraid to set goals that will take you forward.

Because the worst thing to do in life is coast along thinking that it will be enough to get you what you want to achieve out of your working and personal life.

To quote a very famous saying “The definition of insanity is doing the same thing over and over again, but expecting different results”.

Well if you don’t have a secure goal going forward, then don’t expect different – and more successful – results!

What if one of your goals was achieving successful growth through acquisition?

And how do you expand such a goal so it reaches fruition?

Well the first step is to download our eBook here which contains important information on how many dental business owners have failed to achieve their goals by ignoring key points to think about when choosing the right acquisition that fits in with their existing business.

If you have no prepared goal about what you want your current business model and your new acquisition to achieve then you are setting yourself up to fail.

And for your firm to be really successful and to grow you need to do some forward planning.

Because pre-planning is what is going to help you achieve the highest dental business yields.

So if you are ready to start setting some goals to achieve great success, then here are three ways I can help!

Claim a FREE copy of our must have guide that reveals key points to adhere to when conducting important due diligence in the acquisition process by clicking here.

Would you like my team of experts and I to work with you to find the most attractive acquisition that will enhance you and your business? Book an appointment with us now by clicking here.

Have plans for acquisition but not quite sure where to start? Reply ‘Goal’ to this email and I will see if I can help.

Best wishes,

Kimberley Hagues

PS. Unlock the object of your ambition by downloading our eBookon acquiring a dental business now!

Dentists: Ready to Take the Next Step?

You can picture the scene right now; you’ve been working as a dentist for some time, and you are ready to take the next step.

Maybe you want to take your career to the next level, by actually owning a dental practice.

Perhaps you have acquired before, and you are looking to add to your existing business model through further acquisition

If this is true, then you have definitely been asking yourself this question, “How do I buy a top quality dental practice?

If you are smart, you will already be aware that acquiring a dental practice is a complex procedure and must be taken seriously.

If you are smarter, then you will do your research to make sure you know what is expected of you and what you can expect in your dental practice acquisition.

The first important step in this process is downloading our eBook on the Five Fatal Errors made when buying a dental practice.

Making a mistake can seriously hinder your chances of coming to the end of the acquisition process with a pearly white smile on your face and these errors are easily made with even the most experienced acquirers falling victim to them.

And because we know just how complex the process can get, we want to give you, the acquirer as much assistance as possible to ensure a successful outcome.

Ten minutes of your time is all it takes to be in the know so click here now for your free copy!

If you haven't bought before and you are wondering what on earth the process is and how you are going to achieve your dream of owning your own dental practice then familiarising yourself with the process below is your next step.

Step 1: Get a market update on top quality dental practices.

Step 2: You need to know how much it will cost for you to acquire the practice you are interested in. Is the price worth paying?

Step 3: If satisfied with the practice, be ready to negotiate your offer.

Step 4: Once an offer has been accepted you can then agree the terms of the acquisition.

Step 5: Ensuring you carry out strict due diligence is an important step in the process which you must not bypass under any circumstances.

And then of course there is the CQC process, and let’s not forget the contract creation!

Once due diligence has been successfully carried out…

Congratulations, you are now the brand new owner of a dental practice!

It seems so simple doesn’t it!

Let me assure you though that it isn’t smooth sailing because within the process there are questions from both sides which will need answering. Extensive due diligence to be carried out and of course negotiating your offer.

Which is why it pays to be prepared for the unknown regardless of whether you are a first time acquirer or not!

So download our eBook herenow, which contains our due diligence checklist. This list will help you assess critical areas of the practice to ensure there are no ‘cavities’ in the business and that you are getting exactly what you are paying for.

If you don’t you could find yourself lumbered with a dental practice that isn’t what you thought it would be and severely out of pocket!

Best Wishes,

Kimberley Hagues

PS. If you want to start on the journey to dental business acquisition then here are three ways I can help:

Claim your FREE copy of our guide to read about the 7 factors that reveal the profit uplift potential of your purchase.Found out how much money you could make by clicking here

To speak to one of our highly trained consultants who can advise you on Step 1 with what the market is up to right now, click Step 1 with what the market is up to right now, click here

And if you want to get your teeth into acquiring a dental practice but haven’t a clue where to begin? Reply back to this email with the word ‘Acquire’ and I will see if I can help.