There are over 189,040 dental practices in the U.S, which shows that it’s a lucrative venture.
Running your own dental practice lets you specialize in a specific area, target your dream patients, and set your own schedule. Although it feels overwhelming, once you cover the basics, you’re sorted. Perhaps you’ve been toying with the idea of opening a dental practice but you have no idea where to start.
Sounds like you? Don’t worry; we’ve got your back. Here are tips to help you open a new dental practice.
Create a Business Plan
Everyone in the dental industry understands the importance of outlining a business plan. This should include your goals, so if you’re set on closing implant cases, determine who your target audience is and how to reach them. The document should also include your business strategy and financial costs.
Note, if you need a bank loan then setting out this information is crucial.
Apply for Permits and Licenses
Your private dental practice must have the right permits to legally operate in your state. At the very least, you’ll need business organization papers, a tax ID number, and a license.
You may also consider joining a dental organization as it proves you’re credible and stay atop the latest industry trends.
Find a Location
Next, spend time finding a location for your new dental clinic. Find an area that has high foot traffic and isn’t crowded by other dental practices as it could put yours at risk. You should also consider whether the location is near public transport and if there is a nearby parking lot for customers.
Apply for an Office Lease
As a dental practitioner, you must secure an office lease for your practice. Most dentists get a 10-year lease as it protects you from rate increases, making it easier to budget. And don’t be afraid to ask your landlord for discounted rental rates during the first few months so you can funnel that money into other areas of your practice.
Gather the Necessary Equipment
The best dentist has reliable, quality equipment. Before you list the necessary items, decide which ones are compulsory for your area of dentistry and whether you can get them secondhand. You must also invest in furniture, management software, and office supplies to keep patients’ records organized.
Promote Your Practice
Once you’ve opened your doors, prioritize creating an ironclad digital marketing strategy. Make sure you have a strong online presence by building a website, social media, and an optimized Google My Business Page. If you’re struggling, hire a digital marketer to help boost your SEO ranking and reach new audiences.
Open a New Dental Practice Today
Hopefully, after reading this article, you’re ready to open your new dental practice.
Before you start your venture, create a detailed business plan and apply for the necessary permits so you can legally run. You should also invest in premium equipment and constantly promote your practice. Good luck!
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