Category: Money

PRICE One of those random coincidences that occur in life (and have us wondering whether we are watched over) has been three clients, far apart, who have commissioned a price analysis. In each case, a member of the team has been tasked with calling around other practices within a reasonable travel time (and who offer
Read More

0 Shares

I’ve noticed a surprising and fascinating trend in recent years. Dentists telling me that they have a cash flow problem because they have to deliver dentistry for which they have been paid up-front. The payments can either be made in cash by the patient at the point of sale (“we offer an early-bird price that
Read More

0 Shares

On prices – here we have the eternal juxtaposition of science (well, mathematics) and emotion. Mathematics says “this is the price to make it profitable”.  Dentists are scientists and so you would expect them to have a spreadsheet to work that out. But they rarely do. Emotion says “this is the price I am confident
Read More

0 Shares

I was talking to a Principal the other day who admitted that she had been too busy to update the practice financial analysis reports previously (and painstakingly) shared with her. “We are doing really well at the moment and the appointment books are full, so all the accounts, spreadsheets and KPIs have taken a bit
Read More

0 Shares

It’s important to understand the difference between achievements and habits when you are goal-setting. An achievement is a specific target, usually involving numbers and deadlines: I will hit a sales target of X by Y date; I will launch product/service X by Y date; I will create X video testimonials by Y date. A habit
Read More

0 Shares

Extreme Business 2018 London workshop done and my 47 delegates are sent home with spreadsheets, handouts and their heads buzzing with numbers. I invested quite some time at the start of the day in asking for feedback on Q1 of 2018 – always a chance to feel the pulse of the client base and get
Read More

0 Shares

I invested some time over the weekend in finalising the content of our second Extreme Business 2018 workshop, taking place in London on 16th April and Manchester on 30th April. The title is “The Money Sessions” and we will be taking a detailed look at how the money flows through a dental business, identifying areas
Read More

0 Shares