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How to Become a Dental Practice Owner: First Steps Mentorship
Owning a practice is a big decision, and most people only make it once. We mentor associates and dental nurses who are considering ownership, so they understand what is involved before they commit.
How Do You Become a Dental Practice Owner?
Most people become dental practice owners by buying an existing practice, buying into a partnership or setting up a new squat practice. Each route needs careful planning around finance, premises, CQC registration, the team and patient numbers. Foxstern Dental Growth Partners mentors aspiring owners through the business side of that decision. Specialist dental solicitors and accountants are still essential for legal and financial advice.
Plenty of associates think about ownership for years without knowing where to start. Others rush in and only discover the hard parts once they have signed. Neither is ideal.
Our mentoring gives you an honest view of what running a practice involves, from managing a team to reading the numbers. You make the decision with your eyes open, and you know which questions to ask the professionals you will need.
What Our Aspiring Practice Owner Mentorship Includes
Readiness Check
An open conversation about your goals, experience and circumstances, and whether ownership is the right move at this point.
Choosing a Route
The pros and cons of buying an existing practice, joining a partnership or starting a squat, in plain terms.
Understanding the Numbers
How practice income, costs and KPIs work, so you can read a set of figures and spot what needs a closer look.
Questions for Your Advisers
Help preparing the right questions for specialist dental solicitors, accountants and lenders, so you get more from those conversations.
Running a Team
What changes when you become the boss, from recruitment and culture to the conversations you cannot avoid.
Planning the First Year
How to think about compliance, systems, marketing and patient growth in your first year as an owner.
Thinking About Ownership?
Start with a free, no-obligation conversation about where you are and what you would like to achieve.
Book your free growth auditWho Is Aspiring Practice Owner Mentorship For?
This mentorship is for UK dentists, usually associates, who are thinking about owning a practice, and for dental nurses and managers exploring ownership or a partnership. It suits people at the early stages who want to understand what is involved, and those who have a specific opportunity in mind and want a sounding board. It covers the business and leadership side, alongside your legal and financial advisers.
If you plan to start from scratch, see our squat practice setup support, or browse practice manager mentorship and all team training and mentorship.
Not Sure Where to Start?
How Does Aspiring Owner Mentorship Work?
We work through the decision in four practical stages.
- Talk it through. We discuss your goals, experience and the type of practice you have in mind.
- Test your readiness. We look at what ownership would involve for you and where the gaps are.
- Build your plan. We map out the next steps and the questions to take to your solicitor, accountant and lender.
- Stay in touch. Ongoing sessions as you explore opportunities, compare options and move towards a decision.