Whilst practice values remain high, and the number of Dental Corporates to acquire quality practices is rapidly increasing, a popular option for potential first-time owners is setting up a Dental Practice from scratch.
Instead of paying for goodwill that may walk out the door, you can set up and build a successful practice from scratch. However, it requires an important set of skills that not everyone has.
Buying an existing practice differs with starting your own practice. We will guide you through the process of how to deal with both the pros and cons the come with starting your own dental practice.
When starting your own practice there are many different aspects that will affect your business that you will need to consider. These include the location of your business, services you can offer and how to attract patients who may already have their own local dentist, amongst a whole range of other considerations.
Once a dental surgery has been purchased or set up, it is important to ensure that CQC registration has taken place and that the right team is in place at the surgery. Everyone working at a dental practice should be invested in its culture and ethos.