Building a dental office is not cheap. The cost can range from $800k to $2.5m, and that’s before taking legal expenses and the cost of land into account. However, there are more important things than that upfront dollar amount.
In this video, Design Ergonomics covers the best practices for anyone looking to build a successful dental office.
It’s better to lower the monthly cost of running a dental office instead of lowering the cost of building it. The amortized monthly cost after 6 to 12 months of operation should be no more than 10% of the production cost, and in many cases, it’s possible to lower it down to 5%. It’s better to pay more upfront for a business that can be run efficiently than to cut corners and earn less in the long run!
Understanding the concept of competitive strategy is necessary for running any business, including a dental office. The question needs to be not “What’s the cost?,” but “How much will I earn for every dollar I spend?” Focusing on return on investment rather than the investment cost will ensure that your new dental office is a success!.