The most important step in the entire process. Having a thorough understanding of your goals is extremely important especially when it comes to starting a new business. This is the time to ask any questions and to express your vision. In turn, this allows us to assist you in the most effective way. It is equally important to understand your long term goals as it is to understand your short term goals. The information which may not seem obviously relevant will help us determine the basis of your practice and to set you up for success.

Location! Location! Location! At some point or another, we have all heard about the importance location can have on the success of a business. Simply put, location is everything. Location is a key element for any business, and this is no different for the dental industry. Working with brokers who have a thorough understanding of the market ensures a fair price will be negotiated for your space. Understanding the market is the most important element in negotiating the lease, but unfortunately, many people take this for granted. A good broker needs to have an in-depth understanding of the dental industry and needs to have an understanding of basic codes and regulations for construction, allowing for proper and effective lease negotiations.

Obtaining a basic population study is simple, however, it does not contain the degree of information needed for a demographic study. A true demographic study includes size, structure, and development of the surrounding population. Understanding the growth, median income and the average age of a population are some of the parts of the study that will direct us to assess the potential success of your space. This is imperative for ensuring your practice will be accessible to your target audience, and thus be financially successful. Understanding the type of building will also help during lease negotiations as well as during the cost analysis/budget planning stage.

With such a large variety of financial institutions offering an array of loans, it is common to be confused or overwhelmed when searching for a loan. Most commonly, people will rate loans by the basis of one factor and choose a loan they think is the best in rankings. With lease terms often favoring the landlord, it is important to have your interests emphasized as the priority.

Forming a business entity is an important part of opening a practice. This step protects you from liability and has a direct effect on your taxes. It is important to work with professionals who can guide you in the correct direction.

An experienced insurance credentialing specialist will be required to submit applications to insurance providers on your behalf. In turn, the insurance companies will validate your qualifications and history to determine whether you will be a qualified insurance provider.

Value engineering is used to ensure each project is engineered to minimize cost while maintaining the integrity and quality of a project. The construction cost is determined by the material selections included in the architectural and engineering drawings. Total project costs are regulated by checking to make sure no unnecessary costs accumulate. Quality is never compromised, each product's lifetime projections are aimed to be satisfied. With the right team of experts, your aesthetic vision will be maintained regardless of your budget constraints.

Your practice is only as strong as your collective staff members; they are at the source of your business's core. To create a strong and stable foundation, aim to equip your practice with individuals who will contribute to your success. Finding staff and keeping staff is a very time consuming and exhausting process. However, it is just as important as choosing the best practice management software. A staff made up of high-quality employees is an investment in your future business and can be the factor which determines your practice's level of success. The right staff members will facilitate the day-to-day running of your office, allowing you to focus on the most important part of your business: your patients.

Marketing begins the moment you begin branding your practice. Today, marketing is most prevalent on social media and search engine platforms. Marketing mainly consists of two steps: the initial set up and ongoing marketing. Initial set up consists of setting up your website, finalizing your logo, and setting up your social media platforms. Ongoing marketing consists of social media upkeep, search engine optimization, and advertising. By determining your goals early on, a unique, customized marketing plan can be created for your practice.

This officially marks the beginning of your future successful business! Your space is ready for your customers. Invite your friends, family, and clients to join the celebration of your new space.