Get planning for 2021 with money4dentists
It’s never too early to draft a business plan for the following year. Given the turbulent landscape of 2020, carefully planning ahead and preparing your dental practice for 2021 will be even more important.
What should this entail? Financial planning will likely be top of the list. You’ll need to know exactly what condition your business is in right now, while also predicting potential income and expenses for 2021 – including any deferred repayments from financial holidays utilised while the practice was closed.
From here, you’ll need to introduce a realistic payment schedule and decide where you could boost revenue to help rebuild cash reserves.