The real value of having a quality dental business plan comes alive when starting a dental facility. There is a ton of things that need to do correctly from the word go for the facility to succeed in getting legal accreditation from the relevant authorities and scaling up. Here at OGS Capital we write business plans for various firms in the health niche. Over the years, we have helped dentists set up facilities successfully without charging them a fortune.
Key Areas of a Dental Practice Business Plan
Feasibility Study Results and Analysis
When planning to start a business, it is paramount to study the market first to get a clear understanding of the various trends and challenges that you should be prepared to tackle along the way. For your business to be effective in steering your business in the right direction, you need to carry out a feasibility study. This study will help you to get a clear picture of the market and the various factors that affect the existing facilities.
We have a team of research experts who can carry out the feasibility study, analyze the results, and include them in your plan to help you gain leverage.
A financial analysis is crucial to the success of not only the new dental facilities but also the existing ones. If you intend to get financing from investors who are keen on investing money into the health industry, you need to make sure that you have a complete financial analysis. Some of the information that you should include in the financial analysis include;
- Cash flow statement
- Profit and loss outline
- Break even analysis
- Open day balances sheet
- Projected balance sheet
Our team of accountants and business financial analysts will help you to do the calculations and come up with a precise financial analysis for your business.
Overview of Services to be rendered
There is a broad array of dental services that you can offer to the community that you intend to serve. It is important to include details of the services that you wish to provide in your plan to give the investors a clear picture of the facility. To stay ahead of the competition, you should come up with several unique services that will set your facility apart from the rest.
The feasibility study that we will conduct will help us to identify the individual dental services that you can offer to stay ahead of the pack. All this information will be articulated in your dental lab business plan to guide you in the right direction.
Overview of the Operations
By operations, we do not mean the dental operations that you will be offering, but rather the management processes or protocols that you will be using to manage daily activities in the facility. Who will be overseeing your marketing campaigns? How will you be tracking your revenue? Who will be responsible for hiring new personnel as the business grows? All this information will add value to your plan.
Use of Technology
Technological advancement has made it possible for dentists to offer quality services to their clients and conduct procedures that were in the past risky and too complicated. Embracing technological advancements will help you to deliver quality dental services to your target audience. The savvy clients gravitate towards dental facilities that are modern, so do not be left behind.
Get in touch with us for the best dental office business plan by filling the form. We look forward to helping you set up the facility successfully.
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OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.