If you want to become self-employed as a dentist or orthodontist, you
need a business plan - not just for the bank. There are a number of things to
consider if you want to benefit from a business plan at all levels. Because a
good business plan not only makes it easier to get started in everyday
practice, it also helps with further development. Part 1 of our contributions
to starting a business is about him.
It doesn't work without a (business)
plan
A business plan is also a must for dental practice: it helps to gain a
clear view of what you want and what you need. From these findings, the
knowledge of what exactly is needed to get what you want is formed. Last but
not least, drawing up a business plan can also help you find out how serious
you really are about wanting to be self-employed.
What are the parts of the
business plan for dentists?
Anyone who draws up a business plan must proceed systematically: even
if it sounds strange - dreaming comes first: future practice should take shape
mentally. The previous professional experience as well as wishes and plans for
the future flow into this vision. This is followed by concretizing this vision
as a project - with everything that belongs financially and in terms of
personnel. Only then do you assess the financial sustainability and, if
necessary, modify the plan again.
Important aspects of the
business plan for the dental practice
It is crucial that each stage of the business plan is well thought out
and worked out. In the practice concept, not only your own strengths play a
role, but also the location, for example. Because he too has an enormous
influence on which practice size and whether or which specialization makes
sense. Because depending on which location you have chosen to start your
practice, the target group also varies.
Read also: Are you looking for Custom
Commercial Coaches
The planning of the required investments requires a precise analysis
of the practice, which is to be adopted and possibly modernized. The same
applies of course to a completely new company.
Calculations in the business
plan
The numbers to be expected are a particularly important part of a
business plan: First and foremost, this includes calculating the break-even
point - the moment from which you start to write in the black. This is achieved
with the so-called minimum sales calculation. This takes into account all
running costs of the practice (personnel, material, rent, repayments) as well
as your own private expenses (tax, pension, and living expenses). The so-called
profitability forecast is used to record how practice should develop and what
income it will generate.
Welcome to everyday practice -
implementation of the business plan
However, drawing up the business plan for the dental practice is not
enough: You should take the experience and the knowledge gained from it into
the future by subjecting further expansions or changes to dental practice to
the same criteria and business processes as founding the practice itself. Part
2 of the article on this topic is about investment and financing planning.
