Writing a Business Plan for a Dental Practice
Dental care is extremely important, and taking good care of a person's teeth allows them to live a long and healthy life. Dentists are able to provide this very in need service to patients throughout the
United States. Deutsch and Thomas has worked extensively with dentists, orthodontists, endodontics, and oral surgeons in order to produce business plans that showcase their practice activities. The vast majority of our clients are dentists or dental specialists are typically seeking to raise capital via a loan in order to develop a new practice or to acquire a practice from an existing practitioner. All the work we do is done specific to the needs of each of our clients, and we can work very closely with you to develop the business plan specific to the needs of your dental practice activities.
In each business plan that we develop specific for dental practice, we always include a full five-year financial model that features a profit and loss statement, common size income statement, cash analysis, balance sheet, breakeven analysis, and all applicable business metrics. As many of our clients are using these plans for business loans, we always showcase a full loan amortization table that clearly indicates how the practice will be able to repay its debt on a month-to-month basis. Additionally, we focus heavily on the economic stability of these businesses given that they are able to generate revenues in any economic climate as most people do have some form of dental insurance. We also provide an overview of all the staff that will be hired including a practice manager, dental hygienists, and dental assistants. The financial model that we use clearly outlines all the different revenue streams that a dentist can produce by providing
these services to the general public. Additionally, a full-scale marketing and advertising plan is included in the business plan in order to ensure that the practice can immediately begin to generate patients from the onset of operations.
Dentistry is a highly lucrative industry, and we are very familiar with how these businesses operate on a day-to-day basis. If you are looking to have a business plan written specifically for your dental practice, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website.