new Dentists
PrintableCongratulations! It’s a great time to be a dentist and you have a variety of career options to consider. Are you best suited to an Associateship, Residency, or Practice Ownership?
- Associateship allows you to focus on practicing your skills and enjoy an assured income without the concerns and challenges of managing a business.
- Residency is a one or two year hospital-based postgraduate training program that provides additional education prior to entering private practice.
- Practice Ownership puts you in charge of the entirety of a practice, including quality of care, patient and practice environment, customer service and operation of your practice.
Matsco’s Practice Success™ planning tools can help you choose the best path to your career goals. Get started today with your New Dentist Planner which guides you through your choices as a new dentist and gives you tips on what you can do now to prepare for your future.
Preparing for Ownership
As a new dentist, there are many ways you can prepare for your transition to ownership. This includes defining your goals, developing a business plan, and managing your financial profile, so that when the time comes to move forward, you are prepared.
Defining Your Goals
Your first step in determining your path is defining your goals. Getting clear about your short and long term objectives allows you to examine the necessary skills you need to get to the next level. Our New Dentist Planner takes you through these steps and more.
Developing Your Business Plan
Why is a business plan important? A business plan can help you show lenders you have a method in place to build and manage your practice and repay your debt. Get started on your business plan today with our complimentary Business Plan Template.
Managing Your Financial Profile
A healthy financial profile, including a well-managed credit score, makes it easier to secure the financing you need to build or purchase a practice. What steps can you take today towards building your financial profile?
- Check your credit report at www.annualcreditreport.com
- Read Matsco’s article: “Ensuring a Healthy Credit Profile in 10 Easy Steps”