Dental Business Plans 101

Ready to create a business plan for your dental practice? The good news is that you can follow the same general guidelines as other small businesses.

Before you begin, ask yourself these key questions:

  • Can you describe your potential dental practice in detail?
  • Do you have an actionable marketing plan?
  • Who is in the market? What are they doing right - or wrong?
  • What pricing and payment policies are you considering?
  • What’s your growth strategy?

Existing dental practices may also need to update their business plans, especially if they want to expand.

An updated plan needs:

  • Your dental practice’s financial position
  • Your current debt, if any
  • Updated lender information and terms
  • A recent financial comparison with similar businesses
  • An analysis of your current costs and your “break-even” point