Dear Prime-Mates,

Hope you are all keeping warm through the winter months! We have been keeping busy with sell-out PrimeSpeak 3-Day Seminars across Australia (only a few spaces still available in Cairns and Sydney for 2009....) We hope to see some of you there.

In this issue of our e-newsletter we have some advice for the beginning of financial year and two soon-to-be-published articles available for you:

• Don't let Dental Practice Fatigue ruin your retirement plans;
• Minimise the effects of flu season on your practice;

As always, for more detailed information on all of these please refer below.

All the very best
The Prime Practice Team

Don't let Dental Practice Fatigue ruin your retirement plans
[Soon to be published] Dr Phillip Palmer and Simon Palmer

Selling your practice can play a large and important part in a dentist's retirement nest egg. Unfortunately, while many dentists plan for this to be the case, the value of this asset often gets drastically reduced later on in a dentist's career by a phenomenon known as Dental Practice Fatigue. Dental Practice Fatigue (DPF) doesn't hit a dentist all at once. It usually creeps in incrementally - slowly building until one day the dentist turns around and realises that he is weary of the practice of dentistry and has been for some time. DPF, all the while, has been subconsciously sabotaging and undermining the value of the practice in a number of ways... Click here for the whole article.

Minimise the effects of flu season on your practice
[Soon to be published] Simon Palmer

Winter time is upon us and that means flu season. Flu season is no fun for anyone - especially the sick. For businesses it causes a huge amount of stress and loss of productivity every year. Most practices would consider employee sickness as an unavoidable part of having a business and just cope as best they can when it happens. The smarter business person may look at the negative impacts flu season has on their business and ways to put steps in place to minimise these... Click here for the whole article.

Beginning of Financial year

The beginning of the financial year is a busy time for all businesses. You need to do tax returns and give PAYG certificates to all employees, and do payroll tax reconciliation. And if you didn't have enough to do at this time of year, July 1st is the time for the renewal of dentists' professional indemnity insurance and dental board registrations in Queensland, South Australia and the ACT. It is a good Idea to check all dentists in your practice and ask for proof of their renewals. Any dentist that doesn't have their renewals 'current' or up to date adds a considerable potential liability to themselves and their practices.

Prime Practice - Dentists working with Dentists
Level 1, 4-10 Bay St
Double Bay NSW 2028 Australia
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