Dental Practice Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Dental Practice Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Dental Practice business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Regardless of what happens in the economy, people are going to have issues with their teeth. Although not everyone does to their bi-annual teeth cleaning, people will continue to have substantial medical issues relating to their mouths from time to time. As such, dental practices are able to remain profitable at all times. In fact, dental practices are considered to be highly safe businesses to operate. One of the best aspects to these businesses is that they are able to generate their revenues via a mix of patient co-pays, insurance payments, and via publicly funded health systems. This payment systems are expected to remain in place for the considerable future. Foremost, as it relates to being a dentist – the barriers to entry are extremely high given the educational and licensure requirements needed to operate these businesses.
If you are seeking funding to start or acquire a dental practice then it is important that you have a well developed business plan. This dental practice business plan should showcase how you intend to develop your operations or how to transition a business from its current dental practitioner to your ownership. As it relates to acquisition, this is the way that many dentists develop lucrative practices. The dental practice business plan should have a well developed three to five year financial model included so that a bank or financial institution can render a lending decision. Financial companies are very happy to lend to these types of businesses given their economically immune nature as it relates to their revenues,
Once the business plan has been developed, it is time to focus on the creation of a dental practice marketing plan. Here, a dentist should focus on how they intend to obtain new patients for the practice upon launch or upon acquisition. For a dental practices, competition can be significant. One of the best ways to approach the marketing plan is to hire a marketing firm that can help a dentist reach their intended audience with people with dental issues.
One of the most profitable professions with the United States is the dentistry profession. This trend is expected to continue in perpetuity. The ADA has made sustentative strives as it relates to improving the operations of these businesses. The profit centers for dental practices will continue to increase as related services – such as dental hygienist services – are continuing to increase. These major profit centers are expected expand as more people from the Baby Boomer generation require a greater focus on preventative dental care. As stated earlier, the educational requirements, residency, and related issues will continue to be one of the driving factors related to the ongoing profitability and successes of these practices.