1. Put together a business plan
It's important to get all of the important information on paper. This is includes everything from your real estate needs to your insurance requirements. What are your goals for the practice? How many patients will you need to treat each month to turn a profit?
2. Apply for a state license
After you finish dental school, you will still need to apply for a license from the state board. Requirements vary from state-to-state so you may need to do some research.
3. Secure financing
It is unlikely that you will be able to cover all of the expenses of starting a practice on your own. Securing financing is one of the most important parts of opening a new dental clinic. In addition to getting a loan, you may also need to speak with an accountant to work on setting up a budget.
4. Form a company
Next, you will need to decide how you will set up your business. Many dentists choose to set up an LLC, but there are other options available. If you are not sure how to move forward, you may want to meet with a lawyer to discuss which option is right for you.
5. Find an office and sign a lease
Finding the right office location is key. You want to ensure there's enough space to accommodate your patients and staff comfortably. Is there enough parking? Will your landlord help with the buildout costs? If you need help finding a commercial real estate agent
, we might be able to help.
6. Get licensed and insurance.
Business licensing requirements for dentists vary by jurisdiction. In terms of insurance, there are several types of insurance that a dentist may need - including general liability insurance and malpractice insurance.
7. Purchase equipment and furniture
You will need patient chairs, x-ray cameras, and dental supplies to fully equip your office. You will also need computers, filing cabinets, and furniture for the waiting room.
8. Hire employees
Your staffing needs will depend of the size of your practice. To start, you may only need to hire one hygienist and a receptionist. Larger practices may need to hire multiple hygienists, lab techs, and even an office manager.
9. Purchase an appointment scheduling software
Getting the right appointment scheduling software will make it easier to manage your practice on a daily basis.
10. Set up a website
Every new dental practice needs a website. This is how new patients will find your business online. Make sure it's easy for patients to call and schedule an appointment.
11. Start marketing
Now it's time to find your first patients! There are many different marketing solutions for dentists.