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The success or failure of a business totally depends upon its marketing strategy which can only be developed on the basis of accurate marketing analysis.Therefore, it must be considered before you develop your dental office startup business plan. Spear acquired the services of marketing experts to carry out the marketing analysis for his dental office business plan.Our business targets to be achieved within next three years are as follows: Spear’s Dental Clinic is a sole proprietorship owned by Dr. Spear’s Dental Clinic will be started in a leased location in Boston which was previously used as a small restaurant.
The second factor is the increasing trend of dental insurances, due to which, many people became able to afford the dental services.
According to a recent report, around 40 percent of the population has private dental insurance.
If you are starting on a smaller scale, you can do marketing analysis yourself by taking help from this dental business plan template or other dental business plan examples available online.
If you are starting on a larger scale, it is always best to seek the counsel of marketing experts for developing a good dentistry business plan.
According to IBISWorld, the dentist industry contributes more than £134 billion in the revenue of the United States every year.
As of March 2018, there are 187,437 registered dentist clinics in the United States which are responsible for employing around 1,000,000 people.
Spear’s Dental Clinic is a sole proprietorship owned by Dr. The company’s main management framework comprises of sales executives, dentists, and nurses.
Our customers include people from all age groups such as children, teens, adults and senior citizens but children and teens will form the bulk of our customers since they are most likely to have dental problems. Spear is a famous dentist who has been practicing in Boston for more than 6 years. Spear decided for a dental office start up to make profits in this industry while also serving the community.
The industry’s growth rate is estimated to be 2.6 percent.
This increase is contributed to many factors, of which one is the increase in education and prosperity of the population.