Dental Matters DRIVING LIFELONG PROSPERITY
July 2021
LOOKING TO THE FUTURE AND GROWING YOUR BUSINESS With the summer months upon us, now may be the time that you stop and reflect on the past year, assess where you are today and look to the future.
We have lived through times that few could have foreseen, which has presented a myriad of challenges. Every dental practice, and indeed every practice owner, will have experienced different issues and approached these obstacles in a variety of ways. With the nation’s recovery roadmap in the final stages, many will be taking the time now to review their options and think of next steps, looking at ways of growing and strengthening their practice.
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Embarking on the acquisition trail could be another option to consider. Making a business acquisition may be a fast and effective way to grow your dental business. It can give you immediate cash flow, ready-made customers, assets, a brand name or reputation in the market and can minimise the risks and time associated with growing your practice organically. A successful acquisition may also enable you to: Enter a new market or geographical area
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Take a competitor out of the market
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Create a new branch
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Create a new source of referrals for specialist dental work
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Acquire technology/equipment
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Gain experienced staff
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