Naturally, we had in our hearts a picture of the dream practices we wanted to build, with the newest technology, the most futuristic decor and a dozen surgeries. Raising cash and being tight with the purse strings Your skill is dentistry, not accounting or marketing or brokering.Ĭlick here to read the 10 things to look for in a dental accountant. People you will need include accountant, lawyer, designer, website and digital marketing experts just to name a few! Yes, it’s possible to do all these things on your own, but it’s not a good idea. Learning Point 4: Build a team of experienced professionals from day one, don’t try and do it on your own, as it will be much more difficult to reach the lofty heights of success alone. Their expertise was essential in creating a brand that ensured we got the right customers. We knew we had to create something special that stood out in a crowded environment. So, we hired a design team to aid us with the branding and design of the practice. Cutting corners can appear to help in the short-term, but 9 times out of 10, this approach can eventually come back to haunt you.
Our next stage involved hiring experts to help with the business, something which we firmly believe in. What we had on paper was now being transformed into reality.
It is also essential that you create a business crisis continuity plan for your practice in case the worst should happen.Ĭlick here to watch our webinar on mistakes to avoid when running a dental practice. Make sure you have a plan B for every eventuality. It is important that you are ready to adapt to these new situations. Don’t be inflexible, always be ready to adapt and change as circumstances change. Learning Point 3: In business, you have to be flexible and be ready to change your ideas and plans quickly. Hours spent doing this proved to be very valuable indeed! We followed the same approach for our subsequent sites in Canary Wharf, Esher, Surrey and Fleet Street – always checking out the competition, visibility of the premises and the amount of traffic passing by. Days later we agreed the contract with the vendor. We found the site of our first dental practice in Wandsworth Town, after driving back late from dinner with friends in North London. This meant walking and driving around looking for suitable sites at particularly strange hours of the day. All we needed to do was start looking for suitable premises! Premises with D1 planning don’t come up regularly, so we started scouring London for suitable properties.Ĭlick here to learn more about choosing between leasehold and freehold. How could we have a wonderful business plan and idea with no location? Well, our plan had identified exactly what type of customer we wanted to come to our dental practice, including their psychographic and demographic characteristics.
Choose the Right Locationĭriving Around London at Night and Finding a Site
#Best place to open dental practice free
You can find further information on business plans for dental practices, as well as a free downloadable template plan at the link below.Ĭlick here to read more about putting a business plan together. Learning Point 1: Clarify your vision of what you want to create and seek assistance if necessary to put a detailed and well thought through business plan together.
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