What are the 5 most common mistakes to avoid when starting your own medical or dental practice? Feel free to contact myself or Mitchell Walmsley to discuss your practice plans.
In this week’s infographic we explore the considerations you need to make when deciding whether to start or buy a practice. Both Mitchell Walmsley from Affluence Chartered Accountants as myself have a wealth of practical experience in assisting our medical and dental clients with these projects. Please contact us if you would like to discuss.
We have been assisting various medical clients following the sale of their medical practice, often involving multiple millions of dollars. Below I have outlined the considerations that we go through in developing a personalised plan. Debt repayment It makes sense to repay non-deductible debt (such as your home mortgage),as this provides a risk-free return that is quite attractive on … Read More
Despite a withdrawal of many lenders from the SMSF lending market, we have seen a high number of transactions in this area with our clients recently. All of them involved the purchase/transfer of medical and dental rooms. For doctors and dentists, very generous lending products still exist, if you work with the right medical finance specialist. At Affluence we have … Read More
P.S. Whenever you are ready, here are 4 ways I can help you optimise your finances: 1) Grab a free ebook HERE or let me know if you wanted a copy of Your Financial Health Matters posted out to you. 2) Subscribe to our newsletter or follow me on LinkedIn to receive regular relevant content. 3) Take the 2-minute Health … Read More
In this week’s infographic Mitchell shares 5 tips to be more deliberate in maximising the profit in your practice. Many medical and dental professionals are perhaps not focused on profit, but if you want to offer sustainable, long-term care to your patients, you need to run your practice as a business.
In this week’s client story, we share the journey of one of our client’s successful dental practice purchase. If you would like to discuss your practice purchase or start-up plans please contact me on 0432 885 295 or Yves@affluenceprivate.com.au P.S. Whenever you are ready, here are 4 ways I can help you optimise your finances: 1) Grab a free ebook … Read More
In this week’s infographic we share some business planning insights from my business partner, Mitchell Walmsley, Specialist Accountant for Doctors and Dentists at Affluence Private Wealth. You can contact Mitchell via Mitchell@affluenceca.com.au P.S. Whenever you are ready, here are 4 ways I can help you optimise your finances: 1) Grab a free ebook HERE or let me know if you … Read More
I thought it would be useful to share some client stories, so you can witness firsthand the types of outcomes we achieve for our clients. If you have any particular questions or would like to book a complimentary consultation, please contact me on 0432 885 295 or Yves@affluenceprivate.com.au P.S. Whenever you are ready, here are 4 ways I can help … Read More