Shrinking dental (cavities) the rate of decay. Better dental health awareness and prevention methods, water, fluoride in dental health education at a younger age and better decay rate decreases with food. Also, more people today own employees or through private health plans have dental insurance, they checked regularly helps prevent decay from starting to get. The shrinking rate of erosion of dental practice means there is a shrinking income.
More competition. More dental dental school and to reduce (because their high debt load as well) for being able to retire with graduating from dentists, dental glut in the market creates. 116000 1970 U.S. Census reported there were dentists in practice, 1996 (the latest year figures are available) by that number rose to 196 000. The historical data suggest that the (2011) there are double the U.S. practice as there were in 1970 the number of dentists at present. Since the rate of population at the same time frame (population: 203 392 031 in 1970, and today 310 759 842) did not double during the supply of dentists is more pronounced.
Lack of business practices. While today to get adequate training on dental dental procedures they are severely under trained on how to run a business is. Most dental students with student loans per year of dental school, the school can come out of the amount of $ 80,000.00. They work in a dental practice as a partner to start a new practice or open to buy an existing practice. But they started working in dentistry, most graduates is close to or more than one million dollars in debt are starting their careers with. Loans, business training and marketing, lack of knowledge added to the potential bankruptcy of the 'perfect storm' makes.
Marketing plans. Ask any dentist around you and share with your marketing plan they maybe you and your website will show your ad in the yellow pages. Unfortunately this is not a marketing strategy. It's only advertising. Client follow up marketing, community involvement, networking, online promotion and many others to maintain and grow the business strategy should include.
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