Wondering how to start a dental school? We take you step-by-step from start to success.
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Business Plans 101 for Dental School Startups
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. Now it's time to address details about your industry.
Industry analyses are standard chapters in dental school business plans and are often required by lenders or investors. Industry analyses are critical for contextualizing your startup within an industry setting.
To succeed, you'll need to be careful to avoid common industry analysis mistakes and to accurately represent your startup in an industry context.
Check Out the Competition
Well in advance of opening a dental school in your area, it's essential to find out how strong the competition is. Try our link below to get a list of local competitors near you. After following the link, enter your city, state and zip code to get a list of dental schools in your area.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
After you've evaluated your local competitors, it's a smart move to learn as much as you can from somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. It'd be crazy for them to teach you the business.
On the other hand, an individual who has a dental school outside of your community can be a great learning resource for you, as long as they don't view you as a competitive threat. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
Where does one find a dental school owner in another city who you can speak with?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Entrepreneurial Alternatives for Dental Schools
As a dental school entrepreneur, it's important to explore all of your options before you commit to a specific business opportunity. There are a lot of benefits of buying a dental school.
If you're on the fence consider this: There has never been a better time to acquire a dental school. The down economy has resulted in a glut of available businesses, many of which can be acquired for bargain prices.
Don't Rule Out Franchising
Recognize that your chances of growing your business zoom upwards if you go the franchising route and benefit from the prior work of others and their lessons learned.
Before starting a dental school, a smart move is to determine whether franchising might be worth investigating.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you already are in business and came here to learn about growing an existing dental school, these resources will come in handy:
If you came here to learn about selling to dental schools, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.