Continuing on from last article which can be found here: https://practiceownership.com.au/scaling-and-expansion-to-multiple-locations-or-larger-practices/ – we go into other areas which will aid in your ability to scale to multiple and larger practices. 3. Trust your staff and delegate EVERYTHING When I state that you need to delegate, it’s because if you want to scale and do everything yourself, you…
A business discussion about risk as it applies to private dental practice ownership. (Part 2) Before continuing, its probably best to have a read of PART 1 in this series found here: https://www.facebook.com/practiceownership/posts/602945943202173 In this post, I’ll discuss the assessment of risk as it applies to the decision to purchase new equipment and adopt new…
A business discussion about risk as it applies to private dental practice ownership. Perhaps every successful entrepreneur or business owner I have ever read about or spoken to has said that at some point in their journey, they took a risk. Many put down their success to a bunch of calculated risks. One of my…
I get asked quite a bit for consulting on how to grow to multiple practices or to scale an existing practice into a much larger practice. While I don’t currently offer any service for this type of thing I thought I would write a two part series where I go into some of the things…
Post 5: External cladding, Internal services rough in and Internal linings. Hi, welcome to our fifth of several blog posts detailing the construction of our brand new 8 chair purpose built dental facility. We’re in the home stretch now with the building at the lock-up stage and the internal fit out well underway. The…
Post 4: Roofing & Flooring Hi, welcome to our fourth of several blog posts detailing the construction of our brand new 8 chair purpose built dental facility. The momentum has continued on site since the previous blog post with the roofing and flooring complete. Several internal elements are also well underway including the plumbing…
How much savings should you have before considering dental practice ownership? This is a common question I am asked by associates. Cash savings are important for the cash flow of any new business. Unexpected bills at the wrong time and quiet periods in the industry can cause significant problems if you do not have…
Post 3: Piles, Footings and Steelwork Installation Hi, welcome to our third of several blog posts detailing the construction of our brand new purpose built dental facility. Much progress has been made since the previous blog post and the momentum onsite has certainly picked up. We have completed the groundworks, site shaping and rock…
Post 2: Groundworks Hi, welcome to our second of several blog posts detailing the construction of our brand new purpose built dental facility. We’re nearing completion of the groundworks, site shaping and rock base ready for the piles, footings and steelwork installation. Optima Healthcare Group are keeping us well informed with a time lapse camera…
The Grattan Institute, a public think tank that gives opinion in public policy in many different areas, recently released a report regarding a universal dental scheme including cost estimates. It can be found here: https://grattan.edu.au/wp-content/uploads/2019/03/915-Filling-the-gap-A-universal-dental-scheme-for-Australia.pdf I thought I would break down the key areas of the report in a summary for people who are interested.…