The 10 Financial Truths of Practice Ownership

A podcast series created exclusively for dental practice owners

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Brought to you by Wesleyan Financial Services, each episode of this brand-new podcast series tackles one of the overlooked realities of running a dental practice. It's practical, straight-talking guidance you can listen to on your commute, between patients, or whenever time allows.

1. One-size-fits-all advice doesn't fit dental practices

In this episode, we explore the unique challenges of running a dental practice - from managing patients and staff to navigating complex finances.

2. Growing your business isn't always a straight line

Whether you're buying your first practice or upgrading your current one, securing the right funding can be tough. From practice valuations to lease negotiations, learn more.

3. One loose legal thread can pull apart your partnership

In this episode, we're talking about the importance of protecting what you've built - your practice, your partnerships and your peace of mind.

4. All it takes is a single domino to fall

From unexpected illness to loss of profit, disruption can hit hard. In this episode, we discuss how tailored cover can keep your practice steady - even when life throws you off balance.

5. When surplus funds are sleeping it's time for a wake up call

In our fifth instalment, we're talking about the 'lazy money' sitting in your business bank account. While it might feel safe, inflation can quietly eat away at its value. 

6. You can bridge the gap from NHS to private

From setting up steady membership to offering patient finance solutions, here we explore the journey from NHS to private dentistry - and how to make the transition with confidence.

7. There are better ways to keep the best people

Whether it's tax-efficient life cover or financial wellbeing sessions, here we explore how to build a workplace culture that attracts top talent, boosts morale and helps your practice thrive.

8. Some cover leaves you uncovered

In this episode, we cover the rising risks dental practices face - from liability claims to cyberattacks - and how being underinsured can put you at risk. Learn more about legal costs, regulatory fines and more.

9. A clear exit strategy needs more than guesswork

Without the right agreements and strategies in place, exiting your practice can become complicated and costly. Here we discuss the importance of early planning, no matter what stage you're at.

10. Your financial plan needs to grow with you

Instead of a one-time document, your financial plan needs regular reviews and tailored advice to match your changing goals. Whether you're a practice owner or associate, learn more here.

You might also be interested in...

Exit strategies for dental practice owners

Thinking about stepping away from practice ownership? From defining your goals to common mistakes to avoid, here are some tips for planning your exit.

A guide to partnership agreements

This guide outlines everything you need to know about partnership agreements - from what a good agreement looks like to the importance of regular reviews.

Moving from NHS to private dentistry

Making the move from NHS dentistry to private practice is an exciting career move, but what impact could it have on your finances? Learn more here.

A guide to business protection for dentists

From protecting your practice to protecting your pockets, learn more about the types of cover you might need in our guide to business protection for dentists.

A guide to commercial investments

Do you have surplus cash sitting in your business bank account? Learn how commercial investments could help you grow your money and combat inflation.

Vicarious liability for dentists

In this guide, we outline how vicarious liability applies to dentists - from key legal cases to what you can do to protect yourself against risk. Read more.