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Smiling Business Team at ComputerPart of our ongoing series on careers in dentistry.  Charlotte Dentistry® encourages young people to consider the dental profession, and welcomes any questions you may have.

As your dental practice begins to grow, you start reaching limitations based primarily on your time—after all; you can only perform so many examinations and procedures.  You can add some growth by improving the efficiency of your operations—having dental assistants or hygienists handle more basic tasks, and having office staff take on more management duties.  But at some point, you will max out your ability to do more work.

That’s where the idea of taking on partners or associates comes in.  You increase the available-to-sell time for dental procedures, and you share office and staffing expenses.  There are, however, a few challenges to finding the right professionals to fit into your mix.

First is the fact that there are more dentists retiring than there are entering practice, so finding new dentists willing to join your practice can be a challenge.  Since they’re in demand, you may find that you have to offer more incentives or money to get good people on board.  This can still be more than worthwhile, but it’s important to understand market conditions as your start your search—you may find it more difficult than you imagined.

The second key issue to consider is whether you’re willing to have an actual partner versus an associate or associates.  Partnership means sharing management decisions (and responsibilities) and sharing the profits of the practice.  If you take on associates, you keep most of the management control and ultimately control of the practice finances, but you may find that you’re spending more time on the business and less with patients.

A number of consulting and recruiting firms have been created to help dentists as they expand.  And if you have specific questions, use the “Ask the Expert” feature of our website.

 

Part of our ongoing series on careers in dentistry.  Charlotte Dentistry® encourages young people to consider the dental profession, and welcomes any questions you may have.

Congratulations!  You’ve completed your dental degree and passed your licensing exam.Grand Opening

What do you do now?

Starting a dental practice is a daunting task, because you face the challenge of building a patient base, acquiring equipment, working with staff, and learning about the business aspects of a practice.

Many brand-new dentists choose to join an established practice while learning more about the business and building a base of satisfied patients.  Over the years, Charlotte Dentistry has helped many fine professionals begin their careers this way.  Some have even chosen to say to continue to contribute to our organization’s growth.  The big advantage of this is that you’re not having to invest in a whole new office (especially on top of dental school loans), and you get the benefit of being mentored by experienced dentists who have been in practice for many years.

But some young dentists may choose to build their own dental office from day one.  There are resources that can help; states or cities may provide incentives to work in remote locations where dentists haven’t been available so that residents have access to care.  In some cases, new dentists can work off student loan debt or get equipment by agreeing to work in these communities for a certain period of time.

Other organizations, such as the military and the Veterans Administration, may also provide incentives—and a starting point—for a dentist fresh out of school.

There are numerous ways to build a practice, and for good professionals, following good business models will lead to success and a rewarding career.

Need to bounce your thoughts off a successful professional, visit “Ask The Expert” to receive sound business management suggestions.

Sadly, the summer is over and it’s time to return to school. There are lots of things to consider and plan for:students classes to choose, fashion selections, extracurricular activities—and what career possibilities to begin considering. Because what you do in high school does have an impact on your career choice options.

Here’s some food for thought: Have you ever thought of a career in dentistry? It’s profitable. It’s recession proof. And it can change the lives of people you treat.

Today dentistry offers many exciting opportunities such as private practice, hospital setting, teaching dentistry, or dental research. The military offers the luxury of traveling the world and helping others with their dental health.

Intrigued? Click here for more details from the ADA about dentistry as a career. And Charlotte Dentistry® welcomes questions about our profession from young people (and their parents). Make a list and bring in with your next checkup. We’ll be glad to provide answers.
Or you can visit the “Ask the Expert” page on our website to get answers. We’ll also be doing more blogs about this topic in the future, so stay tuned!

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