If you’re chasing a dream of opening your own dental practice, then you’re certainly not alone! Countless people pursue this career with the end goal of being self-employed, but far less actually make it. Running your own practice obviously has its benefits, but it takes a lot of work to get it off the ground. If you’re thinking of starting your own dental practice, then here are some important points to consider.
One of the most fundamental things to consider is how much space you need for your practice. You’ll probably have a limited choice of properties you can use, and it’s important to find the one that’s right for you. Consider how many operatories you’ll need in your practice, and the exact dimensions you’ll need for all your equipment. Other essential areas include a reception and waiting area, a business checkout area, male, female and disabled bathrooms. Extras like a private office and staff room might be part of your plan. The property itself is going to be the biggest purchase you make, and medical finance isn’t exactly simple! Just take your time with the decision. You don’t want to grow exponentially but have nowhere to expand to!
As with any kind of business, it’s important to think about the location of your private practice. The most obvious factor to consider is the amount of other dentists who are operating in the area. If the competition is too fierce, then you’re going to have a hard time turning a profit. If you’re going to be treating walk-in patients, then you’ll need a visible and accessible location. Ground-floor storefronts are the best for this. On the other hand, if you’re a specialist, a more concealed office will do nicely. Try to keep away from high-rise properties though. The leases on these are notoriously expensive! Above all, you should be thinking about how convenient it will be for your patients to reach your practice. Choices may be sparse, but that doesn’t make your location any less important!
The staff you’re going to hire is another important point to consider. You may have more independence as a private dentist, but you’re still going to need staff for any hope of success. The biggest tip I can offer is to reach out to professionals you’ve worked with in the past. No matter how good you are, the opening period of your practice is going to be very tough. If you hire incompetent or inexperienced staff, it will be one more issue which you’ll have to deal with. If you don’t have a pool you can draw from already, then make sure you put your candidates through a rigorous screening process. Aside from dental staff, you’ll need a good receptionist, IT specialist, accountant and lawyer. The success of your practice will hinge largely on these people, so be strict with your criteria.
I hope this post has helped you get closer to opening your own private dental practice. I won’t lie to you by saying it’s easy, but the rewards are well worth the work!