Wondering how to start your own dental clinic? Read the article to know the steps to setting up a dental clinic in India.
The dental clinic business is one of the most popular and successful businesses one can get into. Today more and more people are opening up their own clinics rather than working for other big hospitals and brands.
Spending your time and energy on dental practices and then setting up a business of your own can seem very overwhelming but it definitely is very rewarding. You get to be your own boss and can run it as you wish. But there are some basics that you first need to understand.
Setting Up A Dental Clinic
Let us go through and understand the 6 steps for setting up a dental clinic in India.
1. Understand Your Budget
First things first, you must understand your budget. To start a dental clinic you would require a lot of money, that is for sure. Some of you might have this large but for many of you, you would need to procure your finances to start the dental clinic.
You need money to look for a space, get types of equipment and machines, operations, staff, and more. You must also be prepared financially for some unexpected costs.
2. Find the Right Location
Before you decide on a location to open your dental clinic, you must do some research first to understand the local market. Your clinic should be easily located, accessible, within the budget, and also in close proximity to the people you are planning to target.
Also, avoid an area where there are already dental clinics. All these factors can make your business grow more and successfully.
3. Purchase Equipment
From furniture to types of equipment, supplies, and software, there are a lot of things that you would have to purchase to start your practice / dental clinic.
The equipments are going to be costly but you must make sure that you do not compromise on them as that would really affect your business and the quality of work which would directly impact your patients.
4. Plan for Staffing
Before you are ready to move to your clinic, you must start thinking of hiring the right staff. You must take out time to schedule interviews and properly screen the candidates for hiring.
The things that you must keep in mind while hiring is salary, health insurance, time off, and other benefits that your staff would get.
5. Secure Licensing & Legal
Handle all the legal aspects of the business beforehand and don’t wait until the last minute. Getting the right licenses and certifications can take months hence start working on it timely.
You must also make sure that you are licensed in your state, are registered with the DEA, have a national provider identifier number, and comply with local regulations in your area. You must also choose a legal structure for your business and register for local and state taxes.
6. Attract Patients
You need patients to start your dental clinic. Now, before you open your clinic, start spreading the word about your clinic. Do some marketing. Put fliers in the nearby area, get on social media and talk about your clinic, and put a printing ad in a newspaper or on a hoarding.
You can also get the word out with the help of a radio station and TV as well. Create a website where there are all kinds of information about your clinic that people would want to know.
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How Can Lio Help You In Setting Up A dental Clinic
To make your dreams come true of having a business of your own and managing it nicely, Lio App can help you big time. The app lets you keep all sorts of data together in a more organized manner. You can keep records, and create tables and lists while working solo or with a team.
The many features of Lio would help you with your retail business as you would be able to maintain all data on a track that you can use at any time. If you want to upload a document, then you can do that. Know the money transactions, cash inflow, profit and loss you are making, Udhaar, list of products, services, and even the teammates and clients that you have all in one place.
Your retail business ideas will certainly become successful businesses if you go on this journey of managing your business with Lio.
Step 1: Select the Language you want to work on. Lio on Android
Step 2: Create your account using your Phone Number or Email Id.
Verify the OTP and you are good to go.
Step 3: Select a template in which you want to add your data.
Add your Data with our Free Cloud Storage.
Step 4: All Done? Share and Collaborate with your contacts.
Hope by now you have understood how to go about starting your own dental clinic. If you follow these steps, you would be able to start your own clinic very soon and also run it smoothly and successfully. Easy of these six steps are essential in starting your own clinic.
Frequently Asked Questions (FAQs)
How much money is needed to set up a dental clinic?
A new dental clinic set-up cost can set you back by as much as Rs. 10 lahks, going by current market rates for materials.
Is it profitable to open a dental clinic?
Yes, a dental practice has a profit margin of around 60 to 70 %.
Can I open my own clinic after BDS?
Yes, you can open your clinic after BDS.
How much a dentist earn in his own clinic in India?
Own Clinic Dentist salary in India ranges between ₹ 2.1 Lakhs to ₹ 8.0 Lakhs with an average annual salary of ₹ 4.5 Lakhs.
What dental Practice pays the most?
Oral and Maxillofacial Surgeons are the ones who earn the most.