Starting Your Own Dental Practice

There are countless things to consider when you first begin traveling the road to owning your own business! A dental practice is no different.

Once you’ve graduated dental school, you have three options: you can work for another dentist, purchase an established practice, or set up your own dental practice. If you choose the latter, it will be challenging. However, you’ll get to create a work environment that fits your personality and your career goals and you’ll get to be your own boss!

We here at CTC National can offer a few bits of advice on the steps to owning your own practice:

• Consider purchasing a practice from a retiring dentist. Some of the benefits of this decision include immediate income, an already trained office staff and an established patient base. When starting your own practice from scratch, it can take around 5 years for the practice to financially mature. If this is an issue for you, purchasing an already established practice may be the right choice.
• Spend money on marketing. We’re sure you are a fabulous dentist, but you might not have the marketing smarts. That’s ok, CTC National can help! Don’t let this lack of expertise hinder the success of your practice. You will need a professional, easy-to-navigate website, business cards, direct marketing materials, such as sales letters or e-mail ads, and maybe even a press release for your local newspaper.
• Learn some specialty practices. Instead of referring your patients (and the revenue!) out of your office, learn some of the specialty practices, including orthodontics or cosmetic dentistry, yourself. This will add to the appeal of your practice and prove to be much more profitable.

If your question is “how can I start my own business?” CTC National has the answers. We can offer advice and expertise on all of the above points in order to ensure you’re at your most successful. We want you to succeed and we’d like to help!