As a dentist with both education and experience, you have a wide variety of career options to consider. Should you work as an associate or venture out on your own? Is it better to acquire an existing practice or start one from scratch? Where do you go to figure out the best answers to these questions?
Defining your goals
The first step on this part of your career 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, guides you through your choices as an emerging practitioner, and gives you tips on what you can do now to prepare for your future.
Preparing for ownership
There are many ways you can prepare for your transition to ownership. This includes developing a business plan and managing your financial profile so that when the time comes to move forward, you are prepared.
- Developing your business plan
A business plan is important to your success as a prospective owner because it shows lenders you have a strategic plan in place to build and manage your practice and repay your debt. Get started on your business plan now with our complementary 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. Here are two steps can you take toward building your financial profile:
- Check your credit report at www.annualcreditreport.com
All practice financing is subject to credit approval. Business Refinance Program is for business term debt only. Revolving credit and existing Wells Fargo Practice Finance debt are not eligible for consolidation.
ADA® is a registered trademark of the American Dental Association. ADA Business ResourcesSM is a service mark of the American Dental Association. ADA Business Resources is a program brought to you by ADA Business Enterprises, Inc., a wholly owned subsidiary of the American Dental Association.
Call 1-888-937-2321 and speak to a practice financing specialist or your Business Development Manager.
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New Dentist Planner
Use this career planning guide to define your goals, develop your business plan, manage your financial profile and prepare for practice ownership