You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport
———————————————————————
Are you an associate dentist with dreams of owning a practice? This episode is a must-listen. Join us as we dive deep into the promising world of dental practice ownership with practice broker Martyn Bradshaw. Martyn outlines the roadmap for associates aspiring to buy their own practice, highlighting the importance of a strategic plan and a clear vision of the type of practice to purchase.
Curious about the pitfalls to avoid and the right questions to ask when considering a practice? Martyn shares his invaluable advice and insights, including the differences between a principal-led and associate-led practice. We also discuss the post-COVID surge in demand for private practices and the current challenges in recruiting NHS associates.
Lastly, we discuss the financial aspects of purchasing a practice as Martyn explains the significance of cost neutrality and the long-term benefits of owning a practice. We delve into how banks assess affordability, the role of deposit size, and the implications of loan to value ratios. Martyn stresses the importance of taking a long-term view when purchasing a practice and taking it slow when transitioning into a new practice. This episode is packed with practical advice, so don't miss out!
———————————————————————
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.
