Starting your very own dental practice business with your spouse is a great way to live independently while giving back to locals in your own community. If you’ve always had a dream of living as an entrepreneur or if you’re both involved in dentistry and want to go into business together, there are many opportunities to consider. Because approximately 90% of people in the United States and Western countries are likely to get married by the age of 50, partnering up with your spouse is ideal if you share the same vision and preferred style of business management.
1. Consider Your Qualifications
Before you can open a dental practice of your own, you will need to consider your qualifications and the qualifications of your spouse. To successfully operate a dental clinic or office, you will not only need to have proper education and a diploma but also schooling from an accredited dental university or college. You may also need to consider what types of services and treatments you will be providing so you can pursue the proper educational path, if necessary.
2. Research Market Demands
Researching market demands when you’re going into dentistry is essential, even if you have years of experience as a dentist in another clinic. Similarly to the stat of young adults obtaining a will increasing by 63% in 2020, it’s important to have a keen understanding of the dental needs where you intend to operate. You can learn more about dentistry needs near you by working with a local marketing firm or by conducting a bit of trend research online.
3. Choose the Right Location
Location is key, especially when it comes time to select a commercial space for a dental practice of your own. When you want to find the best location for your dentist’s office with your spouse, you can research commercial properties on your own online or by working with a local commercial real estate agent. Real estate agents can walk you through properties that are most relevant to your needs based on the space you require, the demographics you intend to reach, and the types of services you plan to offer.
4. Select a Specialty
Selecting a specialty will also come in handy when you’re pursuing a dental clinic business with your spouse. Today, more than 1.4 million adolescents, or 10 million people in total, have turned to Invisalign to transform their smile, foregoing traditional braces. Whether you choose to specialist in orthodontic treatments or you want to repair cavities and cosmetic issues, there are many different branches of the industry to consider when you’re thinking of going into density with your spouse.
5. Market Your Business Together
Marketing your business together via both local and online channels can help spread the word. Connect with local business owners, send mailers, and even promote your business online with the use of social media. Create an online website and social media presence to establish your dental practice as an authoritative source in your local city or town.
6. Connect With Those in Your Local Community
Attend local networking events to connect with those in your community. Provide steep discounts or promotions for nearby residents when you’re first opening your practice. Visit local festivals and citywide events to help others become familiar with you and your spouse’s dental clinic.
If you are thinking of investing in a dental business with your spouse, taking the time to research and compare your local competition may be key to determining if the path is right. Understanding the ins and outs of the current dental market can give you an advantage when you’re interested in pursuing a practice of your own in a location that is already rife with competition. The more familiar you are with the dental industry today, modern technologies, and local demands, the easier it will be for you and your spouse to create a winning business plan for your practice.