Dental Practice Business Plan

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One of the most important parts of the project will be the cash flow forecast within your business plan and should be based on explicit assumptions about key areas.

So, on the income side, you will want to estimate the number of new patients, likely treatment value (especially in the first 12-24 months), active clinical fee earning hours, over the counter takings, plan joiners if you are having a monthly payment plan, and so on.

Once premises are identified, you will need to ensure that they have the relevant planning consent and for dental practices this is category D1.

If the premises do not have this category of approved usage, then, at this stage, it is best to apply for outline rather than full planning permission as this will be speedier, cheaper and allow you to discover whether the local authority will allow the premises to be used for dental purposes.

You may well want to consider a special offer or offers as a promotional tool, such as half price consultations and tooth whitening for a limited period.

A good quality website is essential and you might wish to give consideration to optimisation of position through search engines especially in the early stages.

A property will need to be identified and either bought or leased.

Planning permission will be required if it does not have surgery-use already and this can be both lengthy and costly.

In addition, you will almost certainly require working capital to fund the practice in the early days so think about negotiating an overdraft with your bank.

When it comes to choosing a location you need to take great care and do some research.

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