Accounts & Tax for Start-ups

When you start a dental practice, it’s essential to organise your accounts and tax properly. 

Our specialist dental accountants are experts at helping dentists and start-up dental practices set up their accounts, manage their finances and organise their taxes.

We can automate your new dental practice’s accounts, tax and finance in a digital, secure and easy process:

  • Scan your invoice and income information to your Hubdoc account with your phone or tablet.
  • Your information is then processed in Xero monthly.
  • Securely connect your bank accounts to Xero. 

That’s all you have to do, we’ll do the rest! 

Please click here for a more detailed breakdown of our process.

I am a dentist setting up my own private dental practice and Samera have been a great help as my accountants, giving lots of advice, especially in regards to all the complicated financial matters and tax.

Five stars

By following this process, you have already automated much of the finance function for your dental practice.  

Click here to read our article on Dentist and Dental Associate Expenses Guide

Please note that all of our processes are paperless, we don’t accept any paper from clients any more.

Dental Accounts & Tax Specialists

As dental practice owners ourselves, we know what makes a clinic tick. We have been working with dentists for over 20 years to help manage their accounts and tax.

Whether you’re a dental associate, run your own practice or own a dental group and are looking to save time, money and effort on your accounts and tax then we want to hear from you. Our digital platform takes the hassle and the paperwork out of accounts.

To find out more about how you can save time, money and effort on your accounts and tax when you automate your finances with Samera, book a free consultation with one of our accounting team today.

Dental Accounts & Tax: Further Information

For more articles, webinars and blogs on dental accounts check out the dental accountancy section of our Learning Centre and follow us on YouTube, Facebook and Instagram.

Cyber Security

At Samera, we provide cyber security services, focusing on endpoint protection and backups to ensure your organisation’s critical assets and confidential data are safeguarded against evolving cyber threats.

Our services encompass cutting-edge offensive and defensive technologies, providing a robust shield against cyberattacks. We offer tailored solutions that proactively protect and respond to cyber incidents, minimizing impact and securing your digital infrastructure. Join us in creating a resilient cyber defense posture to keep your business secure.

Our cyber security solutions: Backup Basic ensures peace of mind with automatic data backups, while Cyber Basic adds integrated endpoint protection to safeguard critical patient information; additionally, our add-on services provide flexibility and enhanced security with options like 50GB Additional Backup and MS365 Backup.


Our Cyber Security Services

Backup Basic:

Safeguard your valuable data effortlessly with our simple yet reliable solution that automatically backs up your vital information.

Cyber Basic:

Elevate your business’s defense against external threats with our advanced endpoint protection. Benefit from thorough computer scans to ensure comprehensive security measures.

MS365 Backup:

Seamlessly back up your Microsoft 365 OneDrive and Outlook accounts with our integrated solution, providing peace of mind and streamlined data management.

50GB Additional Backup:

Expand your storage capacity to accommodate your business’s expanding needs, ensuring ample space for your growing data requirements.


Pricing and Features

Backup Basic

120GB Backup

  • Automatic data backups.
  • Safeguard critical patient information and records.
  • Peace of mind with dependable data protection.

Cyber Basic

120GB Backup

  • Automatic data backups.
  • Safeguard critical patient information and records.
  • Peace of mind with dependable data protection.

Integrated Endpoint Protection

  • Defense against malware, viruses, and cyber threats.
  • Ensure the security of patient data.

Add-On Services

50GB Additional Backup

  • Extend your data protection capabilities.
  • Perfect for healthcare facilities with growing data needs.

MS365 Backup

  • Secure Microsoft 365 applications and patient-related communication.

Why is backing up your data important?

Backing up your computers is crucial, especially in the healthcare industry. Automatic data backups ensure that your vital patient information and critical records are protected against data loss due to hardware failures, cyberattacks, or natural disasters. With our reliable backup solutions, you can swiftly restore your data, maintaining continuity in patient care and compliance with data protection regulations.

Why do you need endpoint protection?

Endpoint protection is essential for safeguarding your network against external threats in the healthcare sector. With patient information being highly sensitive, endpoint protection ensures continuous monitoring and protection of all devices connected to your network, preventing unauthorized access and protecting patient data from compromise. Our comprehensive security measures are critical in maintaining the integrity and confidentiality of patient information, adhering to healthcare data protection standards.


Ready to take the first step towards fortifying your cyber defense? Contact us today to schedule a consultation. Together, we’ll assess your organization’s unique needs and develop a customized plan of action to safeguard your digital assets and protect your business from cyber threats.

Samera Finance

Amount

Term

Monthly Repayments:

2.5%

Total Cost:

2.5%

*Calculations are indicative and intended as a guide only. Based on the average rate of our lowest risk businesses. Excludes loan origination fee

or

Apply on our app for a faster
and simplified application process.

Do you have an Apple device?

Download on the App Store

Do you have an Android device?

Get in on Google Play

Join

Sign Up

Sign up with the Samera Finance app.

User

Complete Profile

Fill in all of the relevant information.

Verified

Get Approved

Get approved with the most competitive interest rates out there.


NACFB Assured

How much could you save?

If you are seeking finance for your dental, pharmacy, vet or healthcare business, Samera Finance can assist you in securing the right loan on the best finance terms using our extensive years of banking and financial experience in the healthcare sector. All or team are experienced ex-healthcare bankers.

Samera Finance works with lenders across the whole UK market and we can ensure you get a finance deal that is right for you. We have found the lowest interest rate being offered is not always the best deal available, as there may be other conditions of the loan that do not suit your needs.

Simply sign up, let us know some key information and once your application is completed and approved, we’ll get to work finding you the right business loan (facilities) for your healthcare business. The process is easy, quick and secure so apply now to start, buy or grow your business.

Samera Finance App
Download on the App Store
Get in on Google Play

Or, get started on the Samera Finance website.

Click here to read our article on A guide to tax loans


Debt refinancing with Samera

As you can see in the example below, a small change in the interest rate being paid – 1.6% in this instance, is saving this client over £170,000 over the term of the loan. If you have debt and are paying 3% plus above base rate, do get in touch, we can assess your specific situation and if appropriate help you save on the cost of borrowing.

Existing LoanRefinanced Loan
£800,000£800,000
Term 20 yearsTerm 20 years
Rate 4% (plus base) = 6.25%Rate 2.4% (plus base) = 4.65%
Monthly repayments = £5844Monthly repayments = £5196
Total repayments = £1,403,520£1,230,240
Savings£173,240

Speak to an expert

Nigel Crossman

Book a virtual consult with
Nigel

Book a consult

Dan Fearon

Book a virtual consult with
Dan

Book a consult

“It took only days to get the finance in place and furthermore Nigel Crossman has gone over his remit in helping me along the process with valuable advice that saves me much time and money! Basically if you want a result call Samera!”

“Great service, really paid attention to our needs and offered us the appropriate advice. In particular we were impressed with the time, dedication and focus given to help us finance our acquisition of a dental practice with good rates. We also managed to stay in communication during unsociable hours which really made the process convenient for us. Very helpful.”

“Very quick to get me the finance I had struggled for several years to get. I will definitely be using this service again in the future!”

More on healthcare finance

  • Financial Health Check-up

    It’s time for your financial health check-up, we will analyse your spending and cash flow to identify the areas where we can save you money.

    Read more

  • Acquisition Finance

    You need to ensure that you get the best finance deal available in the market when investing in your own business.

    Read more

  • Refinancing

    We tend to review our car and house insurance costs on a regular basis but seldom look at the costs of our borrowing.

    Read more

  • Property Finance

    There are many different products available to finance commercial property purchase and development.

    Read more

  • Asset Finance

    We can help find you the best price and the right terms for your business. We do not charge you for sourcing asset finance.

    Read more

Become a partner

  • Suppliers and Partners

    By working with Samera, you can ensure your clients get the finance they need, when they need.

    Read more


FAQ’s

Do you have further questions?

If so, please send us a message via our contact form.

How do I apply?

All you need to do is sign up and fill in the required forms. The process is quick, streamlined and only takes a matter of minutes. Once we have assessed and approved your application we will get to work sourcing the best business loan for you.

What is a healthcare business loan?

A healthcare business loan is finance that a healthcare business borrows to fund the start, running or growth of their business, such as for buying equipment and assets to aid their business.

A personal loan can be used for non-business purposes such as purchasing a new home or maintaining a car, but not for business purposes.

A business loan allows you to borrow money from financial lenders and use the money for purely business-related costs and projects.

What different kinds of healthcare business loans are there?

There are several different forms of business loan available to your healthcare business. Which business loan is right for you will depend on factors such as what you need the loan for and your ability to repay it.

These are some of the different options available to you:

Acquisition finance:

Acquisition finance funds the purchase of an existing business or shares in a business. Whether you want to buy your first healthcare business, buy shares in an existing business or buy a second business, you will most likely need to borrow acquisition finance.

Asset finance:

Asset finance is a business loan raised to fund the purchasing, renting or maintenance of business assets like equipment or any other assets that help your business function, such as vehicles.

Refinancing:

Sometimes you can get more favourable terms on your loans by refinancing the debt. This means that you can renegotiate factors such as the interest rate or the payment schedule by taking out a new loan with better terms to cover the old one.

Commercial mortgages:

A commercial mortgage is simply a mortgage used to purchase a commercial property, like the site for a new healthcare clinic or a new premises for your business. Commercial mortgages can be repaid over 15/20/25 years and allow you to spread your payments over the life of the business.

Tax loans:

Sometimes, an unexpectedly heavy tax bill can create a huge hit in your working capital. When this happens, it can be better to spread the cost of your tax bill over the year with a tax loan. This loan covers the immediate bill and allows you to pay in smaller, monthly instalments.

Working capital and cash flow loans:

When your working capital takes a hit, your cash flow can be reduced drastically. When you have to dip into your working capital for an unexpected purchase, it may be best to borrow the money instead. This way you can spread the cost across the year, rather than taking it all out of the working capital in one go.

How does taking out a business loan work?

When you take out a business loan for your healthcare business, you borrow the money in a lump sum and pay it back in instalments (plus interest payments). This allows you to make purchases you otherwise would not be able to afford, and also spread that cost over a longer period of time.

Loans are usually either paid back over a short term (2 years or less) or long term (3 years or over).

You also have the option in many cases to borrow a secured or unsecured loan. A secured loan is one which you guarantee with collateral. What this means is that you borrow the money against the value of an asset the business owns, such as a property. If you fail to repay the loan the lender will take the asset to recoup their loss. An unsecured loan does not require collateral, however, they usually come with less favourable terms. This is because the risk to the lender is greater.

Am I eligible for a healthcare business loan?

To find out if you are eligible to take out a business loan, simply click ‘apply now’, fill in a few forms and we’ll let you know how much you could possibly borrow. Any loan is, of course, dependent on the business having the ability to meet the payments

Lenders, such as the banks, like lending to healthcare businesses. Get your applications, your financial forecasts and your business plan right and we can help you find the right business loan for your healthcare company.

What information will I need to provide to the lender?

Lenders will want to see a range of information and documentation. It is essential that you get this step correct. The lenders will reject your application if the projections are wrong, the business plan is poorly done, you have a poor financial record, and that’s just a few reasons.

The banks will want you to be able to provide evidence of:

  • Your previous earnings in your healthcare field.
  • How you handle personal finances.
  • Your living situation, whether you own or rent your home.
  • Career in healthcare so far and any management experience.
  • Ability to repay any loan.
  • Personal savings
  • Tax payment records.

To find out more about making sure your loan application is successful, click here.

I’ve been denied a healthcare business loan before, can I still apply?

If you have had a business loan application rejected in the recent past, you may need to improve your credit rating and financial standing before you can reapply. Or, it may be that you were not talking to the right people! You may need to approach alternative lenders or adjust your application and business plan. Contact us today to find out how to improve your chances of applying for a business loan.

How easy is it to take out a healthcare business loan?

Applying for a healthcare business loan is not always an easy business. Even when it is, there’s no guarantee that the loan you take out is the best available.

To make the process easier, increase your chances of a successful application and ensure you get the best deal around, we have created the Samera Finance app. We have been working in the healthcare finance market for decades. We know how to format your application, who to approach and how to negotiate the best deal, thanks to our extensive experience and contacts.

Applying for a business loan for your healthcare business is easy when you use Samera Finance to do the hard work for you.

How much can I borrow for my healthcare business?

The amount you can borrow will depend on a wide range of factors. These include your ability to repay the loan, what you intend to use the money for and your current financial situation.

Samera Finance can help source loans to cover small purchases for consumables and small assets, as well as larger loans to purchase property or another business.

Use our finance calculator above to see how much you can borrow.

What information will I have to provide when I apply?

The information we require will vary case by case, depending on what kind of loan you need and what you intend to use it for.

This is a basic list of the kind of information we will require:

Personal   

  • Personal Profile Form – details income and expenditure
  • Personal Banks Statements – last 6 months   
  • Last 3 years associate accounts
  • CV

Business

  • Last 3 years practice accounts
  • Practice Management information – if available
  • Practice sales particulars
  • Business plan
  • Projections may be required
What is the interest rate for a healthcare finance business loan?

The interest rate you get will vary case by case, as well as varying between the different lenders too.

The average interest rate for a healthcare business loan is typically around 2.85% – 3% for a purchase. However, Samera Finance can help negotiate the interest rate to make sure you get the best price available.

How soon will I need to start repaying the loan?

When you need to begin repaying your healthcare business loan will depend on the terms of your loan agreement. In many cases, you will need to start repaying the next month after receiving the money. However, we may also be able to negotiate a repayment holiday, where you have a grace period of around 6-12 months before you need to begin repayment.

How long will I be repaying my business loan?

The payment schedule for your loan is known as the term length. The term length will depend on what you negotiate in the application, as well as the kind of loan you are borrowing.

Some loans, such as bridging loans, are repaid within 12 months. Other short term loans will be repaid within 2 years. Long term loans over a period of longer than 3 years.

Remember that it is often the case that the longer the term length, the lower the interest rate you will pay.

What is a fixed interest rate loan?

A fixed interest rate means that the interest rate will remain the same throughout agreed period of the fixed-rate repayment schedule. Therefore, if the Bank of England base rate rises, your payments will not be affected – since your interest rates are fixed. This means you can more easily budget your cash flow, knowing these payments remain fixed.

However, this does also mean that your interest rates will remain the same if the Bank of England base rate falls.

What is a variable interest rate loan?

A variable interest rate is one that can fluctuate according the to Bank of England base rate . This means that if the Bank of England base rate falls or rises, so too will your loan interest rate.

Although this can sometimes mean your interest rates fall, it also makes your payment schedule hard to predict.

If the Bank of England base rate rises unexpectedly, you may find yourself with an unexpected hit to your cash flow.

Does Samera Finance lend money?

No, we are not a financial lender. Samera Finance is a commercial finance broker. That means that we use our network and connections within the UK healthcare lending industry to find the best loans and negotiate the best terms.

We find the right finance, make sure your application is right, negotiate the terms and ensure you get the best loan for the right price.

Dental Buying Group

Join

Join

the Samera Alliance Group

Piggy Bank

Save

money on your consumables and products

Graph

Grow

your profits


Why join our Dental Buying Group?

The Samera Alliance Group supports independent dentists like you with access to the very best prices in the dental market, ensuring your business can achieve the best possible margins.

With our buying group power, we continue to widen our supplier network, bringing dentists the best possible prices for all amenities.

How the Samera Alliance Dental Buying Group can help you and your business?

Mask

Save money on Consumables
and Equipment

Devices

IT Infrastructure

Scanner

Digital Scanners

Umbrella

Indemnity Insurance

Software

Software For
Your Practice

Bolt

Review Energy and
Business rates

Checklist

Dental Compliance

Health and Safety

HR and
Health and Safety

Samera Alliance Partners

What do you get when you join the Samera Alliance Dental Buying Group?

We’ll help you save money in your practice with exclusive discounts on dental products, equipment and consumables with our dental buying group.

Buying Group Features

  • Gain access to significantly discounted dental consumables through negotiated deals by Samera Alliance.
  • Enjoy reduced rates on dental repairs and maintenance services, ensuring cost-effective solutions for your practice.
  • Access pre-negotiated deals on essential overheads such as utilities, IT services, CQC compliance, HR support and waste management, streamlining your operational costs effectively.

FAQs

Do you have further questions?

If so, please send us a message via our contact form.

What is the Samera Alliance?

The Samera Alliance is our growing network of dentists, practices and leading industry suppliers, designed to help you save money, grow your profits and build a better dental business.

The Samera Alliance is all about saving your practice money with our Dental Buying Group. By joining the Samera Alliance, you gain access to exclusive deals and offers from our partners. The Samera Alliance Buying Group can save you money on the consumables, equipment and products you need in dentistry. Samera Alliance is FREE to join. There’s no catch or hidden costs. Just free access to exclusive discounts

Why have we set up this buying group?

Here at Samera, we wanted to allow smaller independent dental practices to operate on a level playing field with some of the dental body corporates out there when it comes to buying their consumables or equipment.

At Samera, we believe we’re all stronger together. As a Group, we can match the buying power of the corporate dental groups and get you cheaper deals on goods and discounted rates for services.

What is in it for you?
  • Gaining better buying power
  • Larger discounts
  • Reducing your monthly material bills 
  • Introduction to third-party services

By combining the purchasing power of our growing network of private dentists, we can source consumables, equipment and supplies at significantly discounted prices. Larger buying groups can obtain far greater discounts than individual practices. Coming together to negotiate collectively greatly elevates the leverage you have to get the best deal possible. 

Join our growing network of practices to benefit from lower prices, save money and grow your practice’s value. 

  • Partner up and work with our community to see significant reductions in cost through combined purchasing power. 
  • Connect with industry-leading manufacturers and suppliers to ensure you purchase the cutting-edge equipment, technology and supplies. 
  • Better deals, negotiated through the Samera Dental Buying Group.
  • Access to advice and guidance on asset finance and dental technology. 

Be a part of a growing buying group, get the best deals on the market, and grow your practice’s profits.

What kind of things can I purchase?

By joining our buying group, you will gain access to lower cost consumables, equipment and aesthetics solutions – everything you need to equip and kit-out the modern dental practice.

Supplies: Over 27,000 consumable products available to order.

Digital products: Digital software and products from leading manufacturers, as well as access to training, technical support and engineering teams.

Specialist equipment: Including orthodontic, surgical, endodontic, Loupes and oral hygiene products & equipment.

Aesthetics: Specialist facial aesthetics and non-surgical skin rejuvenation products, including dermal fillers, botulinum toxins, skin peels and cosmeceuticals.

Services and repair: Our buying group has access to one of the largest engineering teams across the UK and Ireland, who can service, test and repair your practice equipment.

How do I join?

Simply click ‘Sign up now’ above to either register now or book a free consultation with our buying group manager.

Once you are a registered member of the buying group, you’ll be able to see all of the exclusive deals and make your purchases.

Do I need to be a Samera client to join?

No, you do not have to be a Samera client, the Samera Alliance is open to any dentist or dental practice that wants to save money and grow their profits.

However, if you are an existing client then let us know, as our accountancy and practice start-up clients can enjoy an introductory offer.

How much does it cost?

The Samera Alliance (our Dental Buying Group) is completely free for everyone to join. That means you get cheaper dental consumables and supplies for nothing!

Do you make the purchases for me?

No, you will still purchase equipment, assets and consumables yourself via the links in the alliance website. However, your profile will be registered to the Samera Dental Buying Group, which will allow you to benefit from our discounted prices.

How much can I save?

Discount prices will vary between products and over time.

However, we have seen an average of 6-10% per month in savings.

How will this grow the value of my practice?

For every £1 you save, your practice’s value increases by over £6! Your practice’s value is calculated by multiplying your current annual profit by 6. Therefore, if you save £10,000 somewhere, your practice’s value goes up by £60,000! 

For example:

If you save on consumables:£1£1,000£10,000
Your practice value increases by*:£6£6,000£60,000
*Based on an EBITDA multiple of 6x EBITDA

Nothing to be sniffed at, and it’s a no-brainer, no-risk service to you.

To find out how much simply saving money on your consumables can grow the value of your practice, enter your current annual profit and consumables bill. Then just let us know how much you want to cut your consumables bill by and you’ll see how much your practice could be worth when you save. You’ll be surprised how much your value can grow!

Try our practice wealth calculator:

Your Current Annual Profit:

Your Current Practice Value:


Your Current Annual Consumables Bill:

Cut Dental Consumables By:

Annual Saving Made In Dental Consumables:

New Dental Consumables Cost:

Your New Practice Value:

* Assuming EBITDA of 6x
How do I get better deals through the Buying Group?

Buying Groups use their numbers as leverage to get better prices since it means they purchase items in large bulks far more often than an independent practice, or even a small dental group.

A Buying Group represents a far greater source of regular business and, so, they often get better prices then others.

The more members of the Buying Group, the better the prices we will be able to negotiate for this exact reason.

Dental Practice Startup Programme

What is the Dental Practice Startup Programme?

Our Dental Practice Startup Programme is a hands-on consultancy service designed to take you through your whole journey to becoming a dental practice owner.

The Programme gives you access to monthly calls with our expert consultants. We’ll be there every step of the way, giving you the advice and assistance you need, as well as the push to make it happen!

Over a 12 month period, our consultants will be there to assist and guide you to make sure you start your dream practice.

“Setting up a squat dental clinic can be a very daunting task. With so many different facets to the project, financing the project can be potentially stressful especially in the current climate. However, Nigel at Samera made this so easy for us. Always on hand to answer our queries, talk us through the process step by step and presented us with all the different options. It has been a pleasure to work with Nigel and the rest of the Samera team and I have no hesitation in recommending them to all my colleagues.”

Five stars

Are you serious about starting a dental practice?

Starting up a practice is not for everyone. However, for those that are willing to start that journey, the Dental Practice Start-up Programme will support you, provide our expertise and make the process easier.

If you’re serious about starting a successful dental practice, our Dental Practice Startup Programme can help you every step of the way. From choosing the right location to opening up on your first day, this programme is designed to help you make it happen in 12 months!

We’ve split the process into manageable chunks, making it easier for you to complete your journey to owning your dream practice. 

Key aspects of the Practice Start-up Programme:

Stage 1: Getting Started

  • Discounted rate to attend the Samera Setting up in Practice Bootcamp

Stage 2: Getting a Plan

  • Advice on location
  • Detailed full Strategic Business Plan of your new Dental Practice. 
  • Full Profit and Loss Forecasts for 3 years. 
  • Full Cash Flow Forecasts for 3 years. 
  • Full start-up cost breakdown.

Stage 3: Getting the Money

  • Assisting you with sourcing finance at a reduced client fee of 2%. 

Stage 4: Getting the Equipment

  • Dental Buying Group – free membership to our buying group (for 12 months), with exclusive discounts on the equipment and consumables you’ll need to build your new practice.
  • With our Buying Group dental asset partners, we can help you design and select the right equipment for your practice.
  • Low-rate financing options available for your equipment purchases.
  • Help with setting up service contracts.

Stage 5: Getting on With the Job

  • Monthly review zoom call with our expert consultants to ensure you actually get to your goal. 
  • Introduction to the Samera Digital Marketing team for all website and digital marketing needs (separate fees apply).
  • 20% off first year practice owner accountancy service.

How much is it?

£375 per month for a 12 month period

If you want to start a dental practice, all of our services are now found in the Dental Practice Start-up Programme. The individual services we offer are now only available as part of the Programme.

The table below shows a breakdown of the savings you will make by joining the Dental Practice Start-up Programme.

With the Programme, not only do you get discounted cash flow projection and business plan template, help sourcing finance at a reduced rate, 12 month free access to the dental buying group, 20% off accountancy fees and discounted tickets to Setting up in Practice Bootcamp, you also get 12 months access to our expert consultants. 

These services are not available outside of the Programme.

Normal price inc VATStart-UP Programme Price
Business Plan & Cashflow£1,680£0
Arranging Finance (min fee)£3,000£2,000
Dental Buying Group (first 12 months)£720£0
Typical Accountancy Fees (discount only applies for the first year)£5,424£4,339
Bootcamp£149£119
Monthly consulting call (over 1 year)£4,800
(Unavailable outside of the programme)
Free
Start-up Programme
(Monthly Subscription)
N/A£4,500
(£375 / month)
Total£15,773£10,958

Sign Up Now

One of the key benefits that you get from the start up program is the advice and experience you receive from the Samera team who have helped many clients open their own dental practice. 

At Samera, we will assist you along the journey with monthly catch-up meetings with the team covering areas such as finance, our buying group, practice equipment, accountancy and marketing.

If you’re ready to start your dream practice then we want to hear from you. Book yourself a free consultation at a time that suits you to find out how you can join the Dental Practice Start-up Programme.

Starting a Dental Practice: Get Started

We’ve been helping the UK’s dentists start their own practices for nearly 20 years and we know exactly what it takes to make your practice a success!

Our Dental Practice Start-up Programme is a hands-on consultancy service designed to take you through your whole journey to becoming a dental practice owner. Book a free, no-obligation consultation with one of our team at a time that suits you (including evenings). We’ll call you back and have a chat about how we can help start your dream practice.

Contact us today for all the advice, support and expertise you’ll ever need to start a dental practice.

Learn More: Starting a Dental Practice

For more information please check out the articles and webinars in the start a dental practice section of our Learning Centre, like our guide on How to Start a Dental Practice in 13 Steps.

For all our previous articles, webinars and video updates, subscribe to our YouTube channel and follow us on Facebook and Instagram.

Setting Up a Practice Timeline

Step 1

Location

Search for a suitable location and start preparing a business plan and financial forecasts.

Step 1

Step 2

Finance

Find out how much finance you can borrow via a finance broker.

Step 2

Step 3

Prepare

Find location, negotiate terms, choose and obtain quotes for equipment and building work.

Step 3

Step 4

Instruct

Instruct solicitors and confirm finance with finance broker.

Step 4

Step 5

Sign

Sign lease/buy freehold and commence building work and inform CQC of opening date.

Step 5

Step 6

Market

Start digital marketing work, including website build and social media.

Step 6

Step 7

Hire

Hire team and CQC interview.

Step 7

End

OPEN NEW PRACTICE!

End

Starting a Dental Practice: Get Started

We’ve been helping the UK’s dentists start their own practices for nearly 20 years and we know exactly what it takes to make your practice a success!

Our Dental Practice Start-up Programme is a hands-on consultancy service designed to take you through your whole journey to becoming a dental practice owner. Book a free, no-obligation consultation with one of our team at a time that suits you (including evenings). We’ll call you back and have a chat about how we can help start your dream practice.

Contact us today for all the advice, support and expertise you’ll ever need to start a dental practice.

Learn More: Starting a Dental Practice

For more information please check out the articles and webinars in the start a dental practice section of our Learning Centre, like our guide on How to Start a Dental Practice in 13 Steps.

For all our previous articles, webinars and video updates, subscribe to our YouTube channel and follow us on Facebook and Instagram.

Building a Business Plan

If you are planning to start your own healthcare business then you must have a business plan.

Having a vision is great, but not having a plan or a route map of how you are going reach your vision is professional suicide. Most businesses fail mainly because they rarely think about the pitfalls that may arise whilst in business. This is why building a business plan is so important. The planning stage is all about identifying the possible problems in advance.

Their advice and ongoing support has been invaluable and I will highly recommend them, for any dentist setting up a squat practice or hoping to buy an existing practice.

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So what exactly is a business plan?

Simply put, a business plan is a constantly evolving document that tells you, and its readers, the “what” and the “how” of your business. It is a communication tool that conveys your ideas and thoughts, and outlines how you are going to put these ideas and thoughts into action.

It is a document that is constantly evolving as you change, grow and build your business; whether you are just about to start your own practice, or have been in practice 25 years. Building a business plan is an imperative in today’s changing business environment and not something that should just be in your head.

The key stages of a business plan include the following:

  • Executive Summary – an overview of the plan, usually written last
  • Describe the business – what type of business is it, what do you plan to set up?
  • Market study, market positioning – is there a market in the area you want to open up for these services?
  • Vision and mission
  • The business strategy – what are you going to do
  • Plans for products and services
  • Financial forecasting
  • Highlight risks and opportunities
  • Conclusions

Once you have a comprehensive business plan, not only will you be in a much stronger position for approaching banks and other lenders for financing your practice, you will also be much more focused and driven to reach your goals.

Help with building a business plan

If you are looking to build or grow a business and need help with building a business plan please get in touch with us or book a free consultation.

Creating a Business Plan

Free Downloadable Documents

Click here to read our article on How to Finance a healthcare business.

Starting a Dental Practice: Get Started

We’ve been helping the UK’s dentists start their own practices for nearly 20 years and we know exactly what it takes to make your practice a success!

Our Dental Practice Start-up Programme is a hands-on consultancy service designed to take you through your whole journey to becoming a dental practice owner. Book a free, no-obligation consultation with one of our team at a time that suits you (including evenings). We’ll call you back and have a chat about how we can help start your dream practice.

Contact us today for all the advice, support and expertise you’ll ever need to start a dental practice.

Learn More: Starting a Dental Practice

For more information please check out the articles and webinars in the start a dental practice section of our Learning Centre, like our guide on How to Start a Dental Practice in 13 Steps.

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