If you’re considering a career in dentistry and you’re wondering how to start a dental practice, we can help. It takes hard work, dedication, and a good strategy.
Not everybody knows how to go about setting up dental training from scratch. That’s where we come in.
In this guide, we’ll share tips for starting a dental course from the ground up. We’ll explain what steps you’ll need to take to get your business up and running.
Want to start dental training but not quite sure where to begin? We’ve got you covered. Let’s get started.
Create a Mission Statement
The statement should focus on the customer and their needs. Key elements of a mission statement should include the services and customer care that the practice is committed to providing, combined with the values and goals of the business. Consider using customer feedback as well as industry trends to decide what’s important to feature in the mission statement.
Keep it short, focusing on one or two main points. Print it out and hang it prominently in the waiting room to set the mood, expectations, and commitment to the customers.
Additionally, use it as a guideline that should direct decision-making and guide staff behavior. Making sure everyone involved is familiar with the mission statement and is aware of how they can carry out its directives will help ensure a successful and well-run private dental practice.
Buy Necessary Equipment and Supplies
First, you should make a list of items you need as any practice requires a chair, a light, a drill, instruments, supplies, and a variety of other items. You may need to consult with an equipment dealer or a dental supply company to determine what you need. After reviewing your needs you can research the items and compare prices between different suppliers.
Typically, buying in bulk quantities will offer better value. Once you decide on a supplier, determine if you want to buy outright or if you need to negotiate financing or leasing options. Finally, once all the necessary equipment and supplies are purchased you can install and get your practice up and running.
Create a Budget
This includes staffing costs, rent, equipment and supplies, marketing costs, insurance and licensing, and any renovations that need to be done to the facility. Once all the expenses have been identified, a financial plan should be developed that outlines the budget for each item. This plan should include:
- estimated start-up costs
- monthly expenses
- budgeted one-time expenses
It is important to track all the expenses throughout the year to ensure that the budgeted figures are realistic. Finally, create a budget for the practice’s operations that covers its monthly expenses, such as payroll, insurance, supplies, and marketing costs.
This budget should also include a contingency fund in case of any unforeseen expenses. And if you are looking into starting funds like for your office rentals, consider looking for dental office loans.