Services
Providing Everything You Need To Be Totally Prepared To Buy Your Dental Practice!
Hosted by our expert Masterclass Directors, the one-day course will cover the following topics:
Topic 1
Deciding what you want
We will cover all the key points you need to think about to ensure you get off to the right start. Knowing where you want to buy a practice and the type of practice you're looking for are just some of the considerations you will have to make as you start your search.
After attending the course, you will be able to:
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Identify and better understand what type of practice you are looking to buy
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Adapt your practice search to suit your requirements
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Undertaken a comprehensive search for the right practice
Topic 2
Understanding a Profit & Loss statement, EBITDA & Reconstituted Net Profit
We will take a closer look at all the financial information you need to understand in the purchase process. It will encourage you to consider the things that you will need to know and understand as you step into the role of business owner.
After attending the course, you will be able to:
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Identify and better understand all the financial information you need to know during your purchase
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Know what the different financial elements entail and how these affect a business
Topic 3
How to assess a sales prospectus
You will learn everything you need to know about assessing a sales prospectus. It will explore all the elements and the key information you should be looking for in a sales prospectus and highlight the questions you should be asking before you consider booking a viewing.
After attending the course, you will be able to:
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Improve your knowledge and understanding the key components of a sales prospectus
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Understand the information that is presented to you
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Identify the essential questions you should be asking before moving foward
Topic 4
The perfect practice viewing
This part of the day will give you all the tips and advice you need to make the most of a practice viewing and navigate your route to practice ownership.
After attending the course, you will be able to:
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Build your skills and plug gaps in your knowledge
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Utilise different questioning techniques so you ask the right questions, at the right time
Topic 5
Working out your budget
We will take you through all the steps to ensure you have an affordable budget for your circumstances. Knowing exactly what you can afford is essential in your search for the right practice.
After attending the course, you will be able to:
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Effectively prioritise your budget and know exactly how much you can afford
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Adapt your practice search to match your budget
Topic 6
How to arrange finance
We will take a closer look at how to successfully arrange practice purchase finance from the banks in order to buy the practice of your dreams. It will look at what should be included in a funding proposal and how to ensure you are in a solid position.
After attending the course, you will be able to:
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Understand what's involved in a successful funding application
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Understand what the banks are looking for and who best to approach
Topic 7
Running a successful practice
We will look at everything you need to know about running your practice and what you can expect as you step into the role of practice owner. It aims to give you a better understanding of the role you are about to undertake.
After attending the course, you will be able to:
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Identify and better understand what it takes to run a successful practice
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Improve your business management skills
Topic 8
Leadership
We will focus on the topic of Leadership - essential for those new to running a business and managing a team and will encourage you to look at your role as a manager and leader.
This session will provide you with the skills you need to master the art of inspiring, motivating and leading a team so you can deliver your vision with passion.
After attending the course, you will be able to:
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Understand the difference between being a leader and a manager
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Adapt your leadership style to different people in your team and your business as a whole
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Identify and better understand your business culture
Sign up today and you will also benefit from:
01.
A comprehensive checklist to ensure you have 'the perfect viewing'
02.
A Loan Calculator so you can determine your budget
03.
A Cash Flow Forecast Template
04.
Guaranteed no fee for any finance arranged via our colleagues at FTA Finance.*
05.
An FTA Journal to record your practice acquisition journey in real time.
06.
4 hours of CPD on completion of the day.
* FTA Finance are an independent, commercial finance broker and will shape and tailor your funding proposal to ensure you are portrayed in the best possible light for a positive lending decision.
This exclusive offer is valid for 12 months from Masterclass start date and will save you on average £1,625* in fees!
* FTA Finance - Average loan size for past 12 months is £650,000 @ 0.25% = £1,625
Upcoming Events
- Sat, 22 JunLeonardo Royal London St Paul's22 Jun 2024, 09:00 – 17:00Leonardo Royal London St Paul's , Leonardo Royal London St Paul's, 10 Godliman Street, London EC4V 5AJ
- Sat, 21 SeptVillage Hotel Solihull21 Sept 2024, 09:00 – 17:00Village Hotel Solihull, The Green Business Park, Dog Kennel Ln, Shirley, Solihull B90 4JG, UK