HOW TO BREAK THE NEWS TO STAFF THAT YOU INTEND TO SELL YOUR PRACTICE
HOW TO BREAK THE NEWS TO STAFF THAT YOU INTEND TO SELL YOUR PRACTICE Staff are a key component to the success of many practices. When you decide to sell a practice, figuring out how to inform your employees and break the news of the impending sale can be a difficult conversation. Depending on the
Choosing a Business Broker
The best way to asses a business brokers skills is to have a conversation with them.
Understanding their skills and knowledge of your industry is crucial to get your business sold in a timely manner and more importantly the right price.
A good business broker is well known and respected within the profession.
How to Sell your Medical Practice – Determining an Asking Price
If you are considering the sale of your practice the first burning question to arise in your mind is: How much is your practice worth? After all, you cannot place your practice on the market before you’ve established on asking price! When you take your practice to the market and begin to negotiate with
Self Managed Super Fund Lending
With many major banks withdrawing from superannuation lending, purchasing property, including practice premises, in a Self-Managed Superannuation Fund (SMSF) is a hot topic. In a post Royal Commission environment, the Big Four are no longer interested in exotic lending. SMSF borrowing is strongly on the radar of treasury and the federal Government as a
Social Media
SOCIAL MEDIA FOR DENTISTS The widespread availability of information online, and our easy ability to access and share this information through mobile devices means that social media has changed how we communicate with each other. The dental profession has not been spared from this development, with many dentists and patients using social media for communicating
Lease Reviews
These tips may help you prepare for lease negotiations, or even guide you in preliminary talks with your lessor.
Business Names, ACN’S & ABN’S
Many dental businesses operate as privately owned ‘Pty Ltd’ companies When operating through a company, it is important that other parties with whom you interact, whether they are patients, suppliers, regulatory authorities or others, are able to ascertain exactly who they are engaging with. The following is intended either as a refresher or an introduction
Changes to Pathology Rental !!
Effective 1st of July major changes to the rental amount paid to Medical Centres from Pathology companies. What affect will this have on the bottom line of medical centres
Why use a Specialist Pharmacy Broker?
As a specialised health provider within the business community, pharmacy owners should use a broker with the experience and unique skillset to successfully appraise, market and sell their pharmacy business for the best price.
Buying established can be better than a start up!!
While many medical practitioners think about setting up their own practices there are some very good reasons why, after thinking long and hard about it, they opt for an established business instead. Start from Scratch or get a head start? Here are some of the reasons buying an established practice makes sense: Finding suitable locations can be quite
Fabulous sale prices through strategy, not luck
Just recently we sold a health care practice for 12.5% above the asking price. As we’re often asked what factors are involved in achieving a top price, and in this case, a sale price well above the asking price – we thought we would give some details as to what determines the price that the business will sell at.
How to make a successful offer on a business
If you’re wanting to buy a business and are heading down the route to making an offer, it pays to understand the steps that can make you a winner. There is a certain art to making an offer on a business that is more likely to get accepted.