🎥 Discussing Startups, Squat Practices, and Practice Purchases: The speaker, with six years of experience at Samara and a background in healthcare finance at RBS and NatWest, delves into common mistakes and key considerations in dental practice startups and acquisitions.
🔍 Key Points:
Location Importance: Emphasizes the criticality of a practice's location for visibility and accessibility, advising against first-floor locations due to potential patient accessibility issues.
Cost Management: Warns against overspending on fit-outs and equipment. Recommends gradual changes to avoid patient discomfort with rapid shifts.
Professional Assistance: Stresses hiring professionals for construction to meet CQC standards and avoid redoing work.
Team Selection: Highlights the importance of hiring the right team members, especially reception staff who are the face of the business.
Lender Perspective on Squats: Notes that lenders view squats as risky due to initial lack of income. Emphasizes the need for detailed plans and financial projections.
Funding for Squats: Details that lenders will finance 70% of total costs for squats with higher interest rates, and the importance of choosing lenders familiar with dentistry.
Purchasing Practices: Advises against overpaying and the necessity of understanding the true profit (EBITDA) of a business. Encourages adding value to a purchased practice.
📢 Advice for Startups and Purchasers: Control costs, prioritize location, understand what you're buying, and consider the sector's favorable lending conditions.
#DentalStartups #SquatPractices #PracticePurchase #DentalFinance #BusinessMistakes #LocationImportance #CostManagement #DentalTeam #LenderInsights #FundingAdvice #BankLending #DentalSector #ProfessionalGuidance
~~
Resources and Links
Follow us for more videos, webinars, articles and podcasts:
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
Learning Centre: [ Ссылка ]
Dental Business Guide Podcast: [ Ссылка ]
LinkedIn: [ Ссылка ]
Website: [ Ссылка ]
Check out our playlists for more videos:
Start a Dental Practice Playlist [ Ссылка ]
Buy a Dental Practice Playlist [ Ссылка ]
Raising Finance for Dentists Playlist [ Ссылка ]
Accounting for Dentists Playlist [ Ссылка ]
Grow a Dental Practice Playlist [ Ссылка ]
Marketing for Dentists Playlist [ Ссылка ]
Samera Webinars Playlist [ Ссылка ]
~~
🔗 Links:
Visit our website: [ Ссылка ]
Access our FREE Grow Your Accountancy Firm Course here: [ Ссылка ]
Don’t forget to LIKE, COMMENT, and SUBSCRIBE for more practical strategies to enhance your accounting business!
#AccountingLeads #SEO #BusinessGrowth #DigitalMarketing #ContentCreation #LeadGeneration #SamaraGlobal
~~
Samera is a leading firm of business advisors, consultants, financial brokers and accountants. We help our clients grow their businesses, buy and sell practices, raise finance, and manage their accounts and cash flow and so much more.
On our YouTube channel, you'll find expert advice and tips on all aspects of running a business. From marketing and branding to finance and tax, we've got you covered.
We specialist in the UK healthcare market and the global accountancy and outsourcing market.
We also share stories from our clients, so you can learn from the experiences of others and get inspired to achieve your own business goals.
Subscribe to our channel today to stay up-to-date with our latest videos and never miss a beat.
If you have any suggestions for topics you'd like us to cover, please let us know in the comments below.
About Arun
Arun is the CEO and founder of the Samera Group, starting the business with just one client sitting at his father’s dining table. Fifteen years on, Team Samera now service hundreds of Dental clients, run exciting events, help clients raise finance, and are very active in helping clients buy or sell Dental practices.
Arun has almost twenty years of commercial experience and knowledge in Dentistry, Arun’s expertise is valued by hundreds of businesses across the UK. His financial acumen and know-how, along with his hands on commercial expertise have helped clients, large and small, new and established to achieve great things.
Ещё видео!