2 answers
Deja
Student
Orlando, Florida
1
Question
Updated
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How does dentist finance the necessary equipment needed when they first open their own practice?
I'm a High school Senior graduating in May 2025 and soon to be an incoming college freshman Majoring in Pre-Dental with interest of minoring in Business or Real Estate. After I earn my Bachelors degree and attend dental school I would like to go into residency to study Orthodontics.
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1 answer
Hassan Al
Product Management Professional
417
Answers
Austin, Texas
Updated
Hassan’s Answer
There are specialized lenders for Dentist equipment and even the equipment manufacturers will often extend credit. This https://www.ada.org/resources/careers/7-steps-for-success-in-starting-your-own-practice is a good article about starting a new practice.
I better approach maybe to join another practice so you don't need to pay for anything. You'll earn less but have much lower expenses. You can then save $s to buy-in or take over the practice at some point. You could also explore buying a practice https://www.ada.org/resources/careers/career-transitions/how-to-purchase-with-confidence from someone that's retiring or leaving the area.
I better approach maybe to join another practice so you don't need to pay for anything. You'll earn less but have much lower expenses. You can then save $s to buy-in or take over the practice at some point. You could also explore buying a practice https://www.ada.org/resources/careers/career-transitions/how-to-purchase-with-confidence from someone that's retiring or leaving the area.