I love getting this question and I didn't realize people wanted to actually know the answers. Opening a Dental Office is one of the hardest things I've done but it's been so rewarding.
In this video I'll explain the steps needed to get the ball rolling on opening your own office. Opening any business requires proper preparation and guidance. We were lucky enough to have great mentors when we opened up our first and we still use some of those same people at our 8th office.
The tips outlined in the video are
1. Know your "Why". Try reading Simon Sinek or sitting down with yourself to realize why you are starting off on this crazy rollercoaster of a ride because it will help you get through the lows.
2. Know your numbers. Whatever industry you are in requires you to take a good look at numbers. For us we look at Dentist to Population ratios. Your real estate/commercial broker can help you with this.
3. Get a great Broker you can trust. Without someone who knows the industry and area well you will not succeed. Or you may succeed but damn it's hard. Having someone who has been there done that helps a lot. Also they don't cost you anything so you have nothing to lose.
4. Time your LOI and Lease negotiations properly. As you are signing your lease you should have everything else in place such as floor plans, general contractors, equipment people, financing etc so that when the clock starts you are read to move.
As always please leave questions and comments below and connect with us and subscribe for weekly videos about anything business and dental!
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