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Published byNehemiah Branscomb Modified over 9 years ago
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Building a PROFITABLE Practice from the Ground Up Michael Badger, DDS, FAGD, DICOI
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@ASDAnet #ASDAnet Show of Hands Who would like to someday build their own office?
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@ASDAnet #ASDAnet Student Loans Uncertainty Inexperience Building a Team Generating Patients Lack of Capital Location Flexibility Maintenance Costs Eventual Retirement Running a Business
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@ASDAnet #ASDAnet From This To This
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@ASDAnet #ASDAnet Site Selection Competition Population Growth Retail Surroundings Visibility and Access Factors to consider when selecting a site:
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@ASDAnet #ASDAnet Competition Difficult to motivate patients to switch from established dentist Resources available to find dentist to population ratio http://www.aftconet.com/dentist_stats.asp
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@ASDAnet #ASDAnet Population Growth New people to an area will need to find a local dentist! Resources available to find population growth http://www.usa.com/
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@ASDAnet #ASDAnet Retail Surroundings Driving traffic Convenient for patients
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@ASDAnet #ASDAnet Visibility and Access Easily accessible for patients Increases brand awareness through repeated exposure
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@ASDAnet #ASDAnet Under Construction Inside the Ideal Office Sizing & Leasing Factors to consider when selecting a site:
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@ASDAnet #ASDAnet Sizing & Leasing Sizing for efficiency Learn to lease
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@ASDAnet #ASDAnet Inside the Ideal Office Patient Friendly, Team Oriented New, NEEDED Technology Staffing
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@ASDAnet #ASDAnet Building Your Team Trust Your Gut Think Outside of the Box Meet Your Schools Keep these tips in mind when hiring your team:
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@ASDAnet #ASDAnet Trust Your Gut Your team becomes your family You can train! Be yourself in the interviews
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@ASDAnet #ASDAnet Think Outside of the Box For non-clinical positions, be creative! Ever have great customer service? Have your pitch handy
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@ASDAnet #ASDAnet Meet Your Schools Always looking for great doctors to partner with for externships Develop key relationships to generate employee referrals
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@ASDAnet #ASDAnet Marketing Pre-Opening Timing Where to Mail and Who to? Incentives Other Patient Generators How to fill your schedule prior to opening
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@ASDAnet #ASDAnet Pre-Opening Timing Industry show rates decline if a patient is scheduled more than two weeks out Mailing multiple times to the same household will increase brand recognition and top of mind awareness
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@ASDAnet #ASDAnet Where to Mail and Who to? Mail to a drive time instead of a mile radius Tailor marketing pieces to area demographics Resource: http://www.city-data.com/http://www.city-data.com/
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@ASDAnet #ASDAnet Incentives Cover all patient bases Cover all internal bases
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@ASDAnet #ASDAnet Other Patient Generators Google Adwords 1-800 Dentists Community Relations Food Drives Joining the Chamber and holding a ribbon cutting Charitable Events + +
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@ASDAnet #ASDAnet Alternatives to Building Associateship Purchase an Existing Office Join a DSO and Work in a Brand New Office
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@ASDAnet #ASDAnet Questions?
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