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  • Marlborough Park Belfast • BT9 6XS

Most practice owners and managers work incredibly hard, but a busy practice does not always mean a profitable one.

You can have a full diary, a great team and an excellent reputation, yet still wonder where the money has gone. Understanding your finances is what turns hard work into sustainable success.

Join us at the Marlborough Academy Study Club for a practical session focused on the financial side of running an independent dental practice. Rather than an accountancy lecture, this evening will provide straightforward, practical guidance to help you make more informed business decisions.

If you’ve ever questioned your profit and loss statement, wondered whether your fees are set appropriately, or wanted to understand the true profitability of your clinicians, this session is for you.

We will cover the financial measures that matter most, including profit and loss analysis, Key Performance Indicators, benchmarking, cash flow forecasting, clinician profitability, Operating Cost Per Surgery Per Day, Average Daily Production, EBITDA and pricing strategies. You’ll also learn how to identify areas of profit leakage and use financial data to improve the performance of your practice.

By the end of the evening, you’ll leave with practical tools and greater confidence to make informed financial decisions and keep your practice on track for long-term success.

Aims:

  • To explain the most important elements of financial analysis in dental practice management
  • To demonstrate how careful analysis of Key Performance Indicators can allow owners and managers to keep the business on course for financial objectives
  • To demonstrate the common mistakes that lead to profit-leakage
  • To deliver a complete financial management package that you can use “next day” in your practice

Objectives:

  • How to understand your profit & loss statement
  • Identifying the most important Key Performance Indicators in dental business and comparing with benchmarks
  • Creating budget & cash flow forecasts
  • Measuring Operating Cost Per Surgery Per Day
  • Measuring Average Daily Production of fee-earners
  • Calculating the profitability of individual fee earners
  • Understanding EBITDA and how it is used to calculate the goodwill value of a practice
  • Scientific and emotional pricing – a comparison
 
 
 
 
 
 

Speaker: Chris Barrow

Dental Business Coach

Chris has been active as a trainer, consultant, coach, and mentor to the UK dental profession for over 20 years. Chris combines long experience and deep expertise with the originality and independence needed to resolve the thorniest problems. Naturally direct, assertive, and determined, he can reach conclusions quickly, as well as possessing the sharp reflexes and lightness of touch to innovate, change tack and push boundaries. As a speaker, he is dynamic, energetic, and charismatic.

 
 

Register Now:

Online: Register Here

Places are limited, early reservation recommended.

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November

3rd
3rd November, 7pm - 9pm

2 HOURS • Outcome C • All Study Clubs Complimentary

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In-Person

Chris Barrow

Maximising Profit by Understanding Your Practice Finances

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  • pin1 Marlborough Park, Belfast, BT9 6XS
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