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Essential Guide to Starting up your Own Dental Clinic in India

Ranjeet Kumar

As per a report, the Indian dental market size is growing annually by 8.60% and is expected to rise by 6.7% from 2019 to 2028. Feasible Government policies, increased healthcare awareness are a few factors that have contributed to this growth.

However, setting up a clinic requires a substantial amount of funding. Interested individuals can choose a doctor’s loan for a dental clinic setup in small place.

5 points to note for dental clinic set up

Location

A good location can be a factor for a high patient count. Choosing a proper location is crucial to understand the accessibility and proximity with the target patients.

One needs to research very well on the location to ensure the expansion of the practice. Individuals having prior knowledge of the proximity of the same practitioners can avoid choosing the wrong location for the clinic.

Setting up a clinic in a populated locality can boost the business in the long run. Moreover, the individual should also gauge the total area available carefully if planning for future clinic expansion.

Medical equipment

As a dentist, one needs proper equipment to provide good services to the patients. Also, he/she should measure how the equipment would fit in a dental clinic set up in a small place.

Following are the equipment one can see in a dental clinic:

  • Patient chair
  • Dental operatory lights
  • Sterilisation equipment
  • Handpieces
  • X-Ray imaging equipment
  • Surgical microscopes

Usually, dental equipment comes with a high price tag. It may be difficult for a budding dental clinic owner to invest from his/her savings. To aid in this situation, leading financial institutions to extend loans for doctors.

Staff recruitment

Managing an entire dental clinic all alone is not an easy task. Hence, it is mandatory to hire skilled staff to run the clinic properly.

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Even if you are a dentist, you need to hire doctors to run the clinic in a more efficient way when the patient count increases.

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The skilled staff will not only improve the business but also provide the additional support one may ask for. 

Apart from staff recruitment, individuals also look for various types of doctor loans available and utilize the financing to train existing employees.

Advertising

Advertising and marketing are crucial factors for any business to be successful. Setting up a dental clinic is no exception. Reaching the right audience and having an impression on the customers can propel the business in the long run.

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To create a recognition of the dental clinic, one may consider advertisements in esteemed portals offline or online.

Along with advertising in leading dailies, one can also hire experts to create a website, campaign on social media, or use word of mouth promotion.

Financial planning

To set up a business like a dental clinic, individuals will require a considerable amount to invest. To reap the optimum result, one needs to plan at least a year ahead to set up the clinic.

In major cases, funding from personal savings is not sufficient. Hence, doctor loans can come in handy.

Maintaining a high credit score is mandatory to avail of such a loan. Credit scores below 750 can create trouble for loan approval. For such cases, individuals should know what doctors with low credit scores should do.

In this regard, one should also check for the features of doctor loans before applying. For instance, leading NBFCs like Bajaj Finserv extend pre-approved offers to eligible customers to expedite loan applications.

Such offers are available for various financial products like business loans, personal loans, etc. You can check your pre-approved offer by providing your name and contact details.

As a small place needs more speculation on the planning, individuals must think wisely before getting a dental clinic set up in a small place.  Following the above-mentioned guide can help one startup a dental clinic easily.


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