business plan

Top challenges of transitioning to a group practice
Top challenges of transitioning to a group practiceGrowing from a single office to a multi-location practice is no small feat.
4 things you need to do before expanding your practiceExpanding into a multi-location is every bit as challenging as it sounds, so preparation is key.
How to fail (and succeed) at marketing
How to fail (and succeed) at marketingMarketing a dental practice won't always be successful — Dr. Jill Sonner shares how one big failure helped to create success later on.
3 things dentists can learn from big (non-dental) corporations
3 things dentists can learn from big (non-dental) corporationsAs a private-practice owner, you may not think you can learn much from the companies on Fortune’s 2015 World’s Most Admired Companies list. After all, they’re big – really big. So how can anything done by these super-sized, wildly successful, profitable companies possibly be relevant to a small or mid-sized dental practice in Smallville, USA?
More on how a Colorado hygienist opened her own clinic
More on how a Colorado hygienist opened her own clinicWhen we talked to Jankee Bhatt, RDH, BS, last fall, she had just opened her dental clinic in downtown Denver and was looking to grow her business. The savvy hygienist has done just that.
The most innovative, unique way to grow your practice: Part 1
The most innovative, unique way to grow your practice: Part 1Today, numerous dentists are still asking the big question, “What does it really take to have a highly successful dental practice in this new economy?” Recently I interviewed Eric Nuss, Director of the Henry Schein Business Dental Institute.
Creating a new business plan for your practice? Here are 5 things to keep in mind

Times are changing, and technology is changing even faster. You may not be able to keep up with every new innovation, but you can ensure a smooth transition.

Plotting your course

The likelihood of large companies and organizations not having an annual budget and business plan is fairly remote. To succeed, they need to plan on a formal basis what the expectations of future periods will be, and how they will react to changes. Additionally, during the period they will track their performance against this budget and analyze changes that occur.

On the other hand, many owners of dental laboratory businesses do not routinely create a budget, let alone a business plan. There are reasons large organizations use these tools and they can help you, too.