How To Start A Dental Squat with Dr. Bobby Bhandal DWI-EP155
07/04/23 • 33 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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What if you had the chance to listen to the trials and triumphs of starting a dental practice from scratch? Our esteemed guest, Dr. Bobby, took that daring step two years ago and has graciously agreed to pull back the curtain on his journey. From the moment he decided to set up shop on a fresh site, a decision imbued with its own unique blend of challenges and rewards, to the joy he experiences when he walks into his self-established practice. He also touches on an interesting comparison - starting a business and starting a family, both teeming with their fair share of effort and joy.
In his insightful chat, Dr. Bobby takes us through the initial steps of envisioning and financially planning the commencement of his dental practice. He shares how he navigated the hurdles of selecting the right premises, the importance of retaining money, spreading out payments, and the intricate details of health and safety regulations. He even recounts his own encounters with unexpected visits from health and safety officers and how he learned to maneuver the role of the CQC in the process.
The final part of our discussion revolves around the importance of hiring the right kind of people, especially for the front of house role. Dr. Bobby opens up about his marketing strategies and how he successfully publicized his dental services, thus reducing the average waiting time for appointments. He shares golden nuggets of advice on building relationships with local professionals, harnessing the power of social media, and the art of networking to create awareness about a new practice. Listen in to equip yourself with practical wisdom straight from Dr. Bobby's enriching journey of starting a dental practice.
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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
———————————————————————
What if you had the chance to listen to the trials and triumphs of starting a dental practice from scratch? Our esteemed guest, Dr. Bobby, took that daring step two years ago and has graciously agreed to pull back the curtain on his journey. From the moment he decided to set up shop on a fresh site, a decision imbued with its own unique blend of challenges and rewards, to the joy he experiences when he walks into his self-established practice. He also touches on an interesting comparison - starting a business and starting a family, both teeming with their fair share of effort and joy.
In his insightful chat, Dr. Bobby takes us through the initial steps of envisioning and financially planning the commencement of his dental practice. He shares how he navigated the hurdles of selecting the right premises, the importance of retaining money, spreading out payments, and the intricate details of health and safety regulations. He even recounts his own encounters with unexpected visits from health and safety officers and how he learned to maneuver the role of the CQC in the process.
The final part of our discussion revolves around the importance of hiring the right kind of people, especially for the front of house role. Dr. Bobby opens up about his marketing strategies and how he successfully publicized his dental services, thus reducing the average waiting time for appointments. He shares golden nuggets of advice on building relationships with local professionals, harnessing the power of social media, and the art of networking to create awareness about a new practice. Listen in to equip yourself with practical wisdom straight from Dr. Bobby's enriching journey of starting a dental practice.
———————————————————————
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
Should I Go Ltd Co or Sole Trader in 2023? with David Hossein DWI-EP154
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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Promise me you've pondered the gnarly question of whether to stick it out as a sole trader or to shift gears and become a limited company. Well, you're not alone! In this riveting discussion alongside David Hossein, a crackerjack dental accountant, we dust off the age-old debate, but with a unique twist - we're targeting it to the dental industry in the UK. Get ready to navigate the tricky waters of tax bands, the ups and downs of your choices, and the curiosity of losing your personal allowance once profits exceed £100,000.
Something big is brewing in the UK tax scene, and folks, it's not looking pretty. With the recent budget announcement, brace yourselves for a taxing roller coaster ride. Together with our expert guest, we're diving into the new world of tax dividend allowance, the surge in corporation tax, and the hike in National Insurance and dividend taxes. Get your calculators ready as we unpack a graph that lays bare the tax saved with a limited company versus a sole trader. You wouldn't want to miss this - we're also breaking down the graph in a tabular format to give you a clear picture. So, buckle up for an enlightening and insightful conversation.
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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
A New Perspective On Income Protection with Tony Hammond DWI-EP156
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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Guess who's back on the show? That's right, Tony Hammond, our go-to expert on income protection, making a grand return to our podcast. This week, we're peeling back the layers on income protection for dentists. Now, you might be thinking, is it really that important? Well, let me tell you, it's not just a protection, it's a safety net, and we're going to help you understand why it outshines any cure.
We navigate the terrain for sole traders, discussing how to manage income protection through your business and setting up personal sick pay. Tony passionately takes us through the added value of services like counseling and remote physiotherapy, which can be a lifeline for those grappling with mental health issues. Isn't prevention better than a cure? In the second part of our chat, we dive into the deep end of income and group protection benefits. We tackle how you can obtain up to 60% of your taxable income, and even offset it against tax if you own a limited company. We'll touch on the ins and outs of fracture cover and the benefits gained from services like having a British GP available 24-7, along with remote physiotherapy and psychological services. Stick with us, because we're also unpacking policies that keep serving you up until your retirement age. So, whether you're a dentist or a business owner, this is a conversation you definitely don't want to miss!
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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 - How To Start A Dental Squat with Dr. Bobby Bhandal DWI-EP155
Transcript
What's up team . Welcome back to the Denyssey Invest podcast Inch-Haston podcast . Today we've kind of touched upon this a few times but we've never actually did its . You know , give it the credit , its dues , give it the full respect that it's deserved and had a fully and calm pass and focus dedicated episode on this subject . Today we're here to talk about starting a squat . I'v
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