The demand for quality dental care in California continues to rise, and there is room for more clinics and practices beyond a doubt. If you intend to start on your own in Thousand Oaks, the first thing you should know is that there is considerable work involved. From finding the right location to creating a business plan and determining whether you want to start from scratch or buy an existing practice, there are many aspects to consider. You also need a team of experts, including a Thousand Oaks Dental Attorney, who can help you sort the transaction.
Start with a vision
If you don’t have a clear understanding of what you wish to offer and achieve with your practice, the plan will never work. For instance, do you intend to take insurance? What kind of patients are you looking to serve? Do you want to create a website and accept online bookings? How big would the practice be, and how many staff members do you intend to employ? What would be your criteria to measure the success of the practice? These are some basic things you need to consider before you move ahead.
Finding your dream team
You cannot don all hats at once and need people who can help you achieve the key goals at each step. Here is the list of experts you would need.
- A real estate agent who will help scout the best locations and help you evaluate and sort the options as per your budget and needs. Your agent can also help find and broker deals that are otherwise not available on the internet.
- An experienced dental attorney who will ensure that all the documentation is done right. Find a lawyer who works for dental professionals and has a fair understanding of state, local, and federal laws. They are also resourceful for ensuring regulatory compliance, and given that the healthcare sector is extremely regulated, look for an attorney with experience.
- A CPA or a dedicated accounting team that will ensure that all tax-related and accounting matters are handled right from day one. Your accounting team can also take care of the payroll work.
- A business consultant or advisor. You need an advisor who can advise you on planning and managing the expenditure. They can also find red flags that could create future issues.
You will also need a team of contractors to get the dental office up and running. They can also ensure that your clinic adheres to the standard building norms. Once all is done, you can start recruiting staff members.
