Setting up a Squat Dental Practice
The demand for dental practices is at an all-time high and this, in part, is leading to increasing numbers of dentists to consider creating their own dental practice.
Setting up a squat is a viable way to get into practice ownership but does require a very different approach from buying an existing dental practice. You need to create a plan of what your dental practice will become and with this a financial forecast so you can be comfortable with the necessary investment required.
There is no doubt the idea to create your own vision from the ground up is exciting. You get to design to everything from the layout, equipment, services offered and create the culture which will drive the patient experience.
When you buy an existing dental practice you acquire the patient base and with it the income stream, this is the goodwill and is the critical difference between a squat dental practice. Therefore the planning phase is crucial so that you can be confident in your plan to succeed. First and foremost, your plan should be to satisfy yourself that the idea is viable and then share it with others, such as a bank if you are looking to borrow money.
If you feel that setting up a squat dental practice is a route to explore then we can help you.
As a Group we have access to expert partners who can guide you on this journey covering:
- Securing finance
- Choosing the right location
- Securing premises
- Planning and refurbishment
- Legal services including HR and recruitment
- Marketing and PR
We can also advise on ownership options as you could progress this as a sole project, or we have a dental partner experienced in creating squat practices. Our partner has extensive experience in setting up squat dental practices and will be able to support you through to the full mobilisation of a new dental practice. This means that you will be able to step into a full refurbished, well equipped, and compliant practice.
For more information and help on setting up a squat dental practice, please call us on 0330 088 1156 or provide your contact details below.