Finance Archives - Bite Magazine

Finance considerations of starting a practice – from scratch or buy-in

Advertorial — Tue, 28 May 2024 23:38:33 +0000

This article is sponsored content brought to you by Avant. For many dentists, owning a practice is a rite of passage. It’s also a big financial commitment, but Avant’s experienced team of finance specialists can help provide funding solutions. Jeremy Stagg, Head of Avant Finance SA and WA, has extensive experience meeting the funding needs […]

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Getting your finances ready for tax time

Editor — Tue, 13 Jun 2023 00:41:45 +0000

Getting your finances in order a month or two before the end of the financial year can make all the difference at tax time. By John Burfitt It’s that time of year again with the end-of-financial-year deadline looming, meaning dental practice owners are feeling the pressure to ensure their accounts and records are all up […]

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7 signs you’re ready to own a dental practice

Editor — Mon, 10 Apr 2023 23:45:04 +0000

The leap from associate dentist to practice owner can be a daunting one. It’s going to take thorough research, expert support and some seriously hard work. Tick these boxes, and you’re well on your way to success. By Shane Conroy 1. You’ve done your homework Running your own dental practice requires more than good clinical […]

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Key finance considerations for your dental chair purchase

Advertorial — Mon, 27 Feb 2023 03:26:27 +0000

This article is sponsored content brought to you by Credabl. Funding your chairs and dental units in the right way will give you the balance between cash flow needs and tax effectiveness. Whether your motivation is to improve your patient care, replace old chairs or keep your equipment up to date, asking the right questions […]

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Breathing space

Advertorial — Mon, 27 Feb 2023 03:14:55 +0000

Thanks to COVID lockdowns, equipment shortages and long delivery times are still causing headaches. Fortunately, BOQ Specialist can help relieve some of the financial pressure involved. The pandemic after-effects are still being felt in the equipment supply world, despite emerging from lockdowns and resuming ‘business-as-usual’. Interruptions to international supply chains, ongoing lockdowns in major manufacturing […]

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6 mistakes to avoid when buying a dental practice

Editor — Fri, 23 Oct 2020 21:08:47 +0000

Buying a dental practice could be the single most important decision of your career. Yet many buyers continue to make the same fundamental mistakes when assessing practices. Shane Conroy reports Simon Palmer from specialised dental business brokerage, Practice Sale Search, and Scott Hutchinson from independent medical finance company, Credabl, reveal six common mistakes buyers make […]

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How to revitalise your dental practice

Editor — Mon, 10 Feb 2020 00:01:07 +0000

With the start of the new year as well as a new decade, now might be the right time for a new approach to the business of your practice. By John Burfitt With the dental market as competitive as it has ever been, the arrival of 2020 as well as a new decade is not […]

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Taking facts into account

Editor — Wed, 17 Feb 2016 00:03:04 +0000

If fees are well overdue and cash flow is tight, it might be time to implement some clearer financial rules with your patients, writes John Burfitt. On the topic of financial responsibility and cash flow in a dental practice, straight-talking Dr Georges M. Fast refuses to mince words about the dollars and cents of being […]

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Show me the money

Editor — Tue, 12 Mar 2013 01:10:55 +0000

How do you make the right choice for your personal and professional financing arrangements? Will Longfield asked the experts Choosing a loan to fund a new practice purchase or fancy fit-out is frequently stressful. Thankfully, most dentists only have to do it a few times in their careers but it can still be a daunting […]

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