Dental school tuition is anything but cheap. If you would like to get your practice up and running immediately, however, you should take into account all that you can do to save money as early as your third year.
Being an employee
This is the option for many dentists when they’re fresh out of dental school. It’s not a bad option, either, but if you want to be a successful practitioner, remember that you can’t be an associate for the rest of your life. Start saving up for the future, when you can open your own clinic. At your own practice, you’ll be able to make better decisions faster for the success of your business and the betterment of your patients.
Starting your practice
Even before you graduate, you can start talking to people who will be there to help you succeed in your practice. These people include your insurance providers, lawyers, accountants, and others. Don’t forget about loan providers who will help you set up. You’ll need suppliers too, for your equipment and materials. Orthodontic laboratories like that of Orthodenco Orthodontic Laboratories may be included in this. The earlier you get in contact with the people you’ll need, the higher your likelihood of making it.
Being an employer and business owner
Your practice isn’t going to succeed if you don’t treat it as a business too. Increase your level of expertise by enrolling in further studies and joining seminars and training, but know the business side of your practice, as well. The most difficult part of the business is hiring the right people, managing them, and also keeping an eye on your bottom line. It doesn’t hurt to have a mentor when you’re doing all of these. Find a dentist who has been in the industry long and who doesn’t mind helping a green practitioner learn the tricks of the trade.
Being a dentist should not just be all about clinical skill, but business savvy as well. Learn to balance these two as early as you can to increase your chances of success.