Category Archives: Financial Management

The Weekend Read – The Management of Dental Practice by Edward Samson

This book was published in 1969 and described as inheriting the character but not the anatomy from Samson’s (pictured left) 1931 book “Progressive Practice”. All I am going to say much about either book is that, although dated in some ways, much of their teaching is as relevant today as it was when they firstContinue reading “The Weekend Read – The Management of Dental Practice by Edward Samson”

NASDAL results show growth in private practice profits.

NASDAL – the National Association of Specialist Dental Accountants and Lawyers – today released their analysis of client figures for the year ending April 2015. Full report in Dentistry Online here. Key points are: The UK dental market has continued to grow at a rate of around 4.4% with relatively unchanged costs and a prolongedContinue reading “NASDAL results show growth in private practice profits.”

What would John Ruskin have said about Groupon in Dentistry?

The news that a practice in Manchester has gone bust is sad for the patients, the associates and the staff. The fact that this practice had apparently been selling orthodontics via Groupon limits the sympathy that I feel for the owner(s). If anyone has heard me speak in recent months then they will have hadContinue reading “What would John Ruskin have said about Groupon in Dentistry?”

In Case You Missed It #2 – 13.11.2015 – Adblocking, employees in public and fund managers.

Featuring Three of The Seven Pillars this week, Marketing, People and Finance. Adblockers. It’s something that I have been banging on about for a few months. There are two sorts of people who use the internet. 1) Those that have an ad-blocker installed and 2) Those that when they realise that such a thing existsContinue reading “In Case You Missed It #2 – 13.11.2015 – Adblocking, employees in public and fund managers.”

Can’t be complacent…

From the RBS Chief Economist’s Weekly Brief. Link. The UK is enjoying its third-longest run of growth since the 1950s. 350,000 more people are in work today than a year ago. Unemployment is close to pre-recession levels. Real wages are rising. Corporate profits are as strong as at any time since the 1990s, at leastContinue reading “Can’t be complacent…”

NASDAL figures for 2013-14

An interesting analysis from the financial year 2013-14 from NASDAL via Alan Suggett and his team at UNW Business Unit. I’ll be interested to see 2014-15. The 2014 NASDAL benchmarking survey of practice Profit & Loss information was published last month. A report of the findings appears later in this UNW Dental Bulletin. Each yearContinue reading “NASDAL figures for 2013-14”

The Weekend Read – The One-Page Financial Plan by Carl Richards

I was listening to a conversation last week at a meeting where I was presenting about the collection of trinkets that seems to afflict dentists, a form of “keeping up with the Dr Joneses” emerges at conferences and meetings with people trying to outdo each other in cars driven, holidays taken, business loans obtained andContinue reading “The Weekend Read – The One-Page Financial Plan by Carl Richards”

Indemnity Fees – Where Is The Ceiling?

I have a client who has been qualified as a dentist for 30 years. He is skilled, dedicated, talented and knowledgeable. I would happily be his patient if the need arose. He accepts referrals from other practitioners for endodontics, implants and tricky restorative cases. He has recently completed an M.Sc. in Endodontics and is currentlyContinue reading “Indemnity Fees – Where Is The Ceiling?”

The Weekend Read – The E-myth Revisited by Michael Gerber

I first read this book in February 2001 and my reaction was, “how did I survive for so long without this knowledge?”. The answer of course was, “at great cost both financially and emotionally”, so whilst I had learnt a lot of Michael Gerber’s lessons I did so painfully and slowly. This is a bookContinue reading “The Weekend Read – The E-myth Revisited by Michael Gerber”