Buying and Selling a Dental Practice in the COVID Era with Andy Acton from The Dentology - The Business of Dentistry Podcast DWI-Ep5
11/24/20 • 56 min
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
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Taking a seat with us around the microphone is Andy Acton from The Dentology - The Business of Dentistry Podcast, a dental practice brokering virtuoso, who spins a captivating tale of his journey with Frank Taylor and Associates. With his co-director, Chris Shevins, they transformed a modest enterprise into a thriving business that delivers an array of beneficial services to clients. They will share the secrets of their strategic roadmap that led to their success, offering invaluable lessons to any budding entrepreneur.
The episode takes an analytical gaze at the current landscape of the dental practice market, which has been significantly reshaped by the COVID-19 pandemic. We address the surge in interest for acquiring practices and the transition from NHS to private practices that has been noticeable. In addition, Andrew provides expert insight into the financial challenges faced by many dentists, and the practical yet effective solutions that can address these issues.
Lastly, we delve into the ramifications of COVID-19 on practice valuations and the shift towards rural practices. Andrew provides indispensable advice on how to accurately value a practice, the role of location and the concept of goodwill. The conversation wraps up with a reflection on the implications of the pandemic on corporate acquisitions, and a look at the importance of understanding the motivations behind selling a practice. This discussion provides a comprehensive guide for anyone looking to navigate the often tumultuous waters of the dental practice market. So, why wait? Tune in now!
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
———————————————————————
Taking a seat with us around the microphone is Andy Acton from The Dentology - The Business of Dentistry Podcast, a dental practice brokering virtuoso, who spins a captivating tale of his journey with Frank Taylor and Associates. With his co-director, Chris Shevins, they transformed a modest enterprise into a thriving business that delivers an array of beneficial services to clients. They will share the secrets of their strategic roadmap that led to their success, offering invaluable lessons to any budding entrepreneur.
The episode takes an analytical gaze at the current landscape of the dental practice market, which has been significantly reshaped by the COVID-19 pandemic. We address the surge in interest for acquiring practices and the transition from NHS to private practices that has been noticeable. In addition, Andrew provides expert insight into the financial challenges faced by many dentists, and the practical yet effective solutions that can address these issues.
Lastly, we delve into the ramifications of COVID-19 on practice valuations and the shift towards rural practices. Andrew provides indispensable advice on how to accurately value a practice, the role of location and the concept of goodwill. The conversation wraps up with a reflection on the implications of the pandemic on corporate acquisitions, and a look at the importance of understanding the motivations behind selling a practice. This discussion provides a comprehensive guide for anyone looking to navigate the often tumultuous waters of the dental practice market. So, why wait? Tune in now!
———————————————————————
Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
Previous Episode
Sensible Strategies For Long Term Investing with Dr. Vesselin Bachvarov DWI-Ep3
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
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What if a dentist could help you unlock the secrets to wealth management? Brace yourself for a captivating session with Vesselin Bachvarov, a dentist turned investment whizz, with an MBA and a postgraduate degree in Endo. This episode is like a crash course in investing, presented through the eyes of a man who's as equally versed in root canals as in return on investment.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
Next Episode
Beginner's Guide To Investing In Art with Dr. Annika Patel DWI-Ep6
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
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Ever felt the inexplicable pull of a painting or a piece of art? If so, you're about to embark on an intellectual journey with Annika Patel, a specialist orthodontist with an infectious passion for art. Annika intertwines her love for art with her professional career and has some intriguing insights to share about how she got hooked on a John Singer Sargent painting and the transformative power of experiencing art in person.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
Dentists Who Invest Podcast - Buying and Selling a Dental Practice in the COVID Era with Andy Acton from The Dentology - The Business of Dentistry Podcast DWI-Ep5
Transcript
Dr James: 0:41
Fans of the Dennis who Invest podcast. If you feel like there was one particular episode in the back catalog in the anthology of Dennis who Invest podcast episodes that really, really, really was massively valuable to you, feel free to share that with a fellow dental colleague who's in a similar position, so their understanding of finance can be elevated and they can hit the next level of financial success in their life. Also, as well as that, if you could
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