THURSDAY, APRIL 18, 2024
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Can You Afford to Build a Dental Office? – Financial Magazine

o $2.5m and that’s without considering legal costs and the cost of the land. There are many other factors which are more important than the initial sum of $2.5m. In this video, Design Ergonomics covers the ideal practices for people looking to build a successful dental practice.

Instead of investing more money to build a new dental office, it is best to lower the operating costs each month of running one. After 6-12 months, the monthly amortized expense should not exceed 10 per cent. Most of the time, you can reduce the cost to 5 percent. It’s better to pay more early for a business that can be run efficiently rather than cut corners to get less profit in the long-run!

Knowing the concepts of competitive strategies is vital to managing any company, not just an office for dental. It is important to ask not “What’s the price?” but “How much will I earn with every dollar I spend?” So, focusing on ROI and not the expense of investment will guarantee that your new dental office is a success! gfukjm11ra.

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