Some dentists want to start another office as part of their growth plan and/or exit strategy. These blockages are much cheaper to fix than buying another office. This blockage can be in not enough treatment rooms, or staff, or efficiency, or hygienist. There is usually a capacity blockage that is keeping the practice from being a full-time office. Many times it is believed that the original office's production has maxed out, when it really has not. Putting money toward marketing and a practice consultant will cost far less than the overhead associated with an additional office.
I also find that most dentists need help from consultants on running the business side of their practices. I find that most offices can increase their number of new patients with the right marketing. The question you need to ask yourself in this situation is, "Would it make more financial sense to put money into a consultant and marketing to increase the revenue in the original office?" This of course increases the total overhead. For instance, the primary office can only fill the schedule two to three days a week, so a second office is opened to fill another couple of days. Is opening another dental office right for you, or not? There are a few questions that you need to ask yourself.įirst, why do you want another office? For most dentists, opening a second office is because their primary office is not busy enough. Some dentists even choose to open several offices. Have you been thinking about the possibility of opening another dental office? Opening a second office is something that is fairly common for dentists.
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