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Dental practice scratch start-up question

Discussion in 'Dental Residents and Practicing Dentists' started by Bigticket21, May 14, 2007.

  1. Bigticket21

    Bigticket21 Junior Member

    9
    0
    Jun 9, 2003
    I am currently a 4th year and was looking at opening a practice from scratch. Basically, I am looking for some form of a template for the bank to have prior to asking for a loan. Does anyone have a template business plan for a dental practice? The one's I found online aren't exactly free. Just wondering.
     
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  3. Firm

    Firm Member Dentist 10+ Year Member

    459
    82
    May 22, 2002
    Go to dentaltown. MBNA is one of the more popular banks to go through. They will guide you through the whole system to get a loan. I would still look for a job while you build this practice. It may take you a 6 months to e year to get open.
     
  4. setdoc7

    setdoc7 Dentist 10+ Year Member

    996
    447
    Aug 29, 2006
    New York
    I would work at a practice for a while and see what it takes to run the business side of dentistry. There is a lot of paperwork and business owner type things that you are not prepared for right out of school. Work on building your dream practice while earning some money and learning something.
     
  5. Balki

    Balki The Perfect Stranger 7+ Year Member

    258
    0
    Aug 23, 2003
    NYC
    Consider Buy-in, or work for someone who has intentions of leaving soon. In both instances however make sure you have a well drafter contract.
    I can share some materials with you regarding the advantages of purchasing an existing practice rather than starting up your own. Just PM me
    But look for resources at ADA
    and Academy of General Dentistry (as a student you should be a free member) they both have great resources.

    Good luck
     
  6. TucsonDDS

    TucsonDDS Senior Member 5+ Year Member

    598
    1
    Jul 28, 2004
    Here is a business plan from someone who was kind enough to post it on Dentaltown.
     

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