When
choosing to be your own boss and open your dental practice, the positives are
you can decide where you want to locate and what type of practice you want to
operate. You may want to return to your
home town — or perhaps you’ve always liked Bend, OR and want to start fresh in
a new latitude with a new attitude. It’s
your choice, Doctor. The world is your
oyster.
Now,
that’s not saying you should sign a lease for the first location you stumble
across—on the contrary, the question of where to build your new dental practice
is one that requires careful consideration. Perhaps you found space in a professional
office, or a great deal in a strip mall.
Maybe you found a closed stand-alone business you can re-purpose. With any
option, you need to carefully consider the choices available to you and how
they might affect the success of your new business.
It
was a good little sandwich shop. The
floors were stained concrete and the motif was “Mom’s Kitchen 1957” with Formica
tables and just the right amount of kitsch on the walls. What made it special was the homemade bread
that you could smell even before entering and the use of premium meats,
cheeses, and condiments. The owners put
a lot of thought into their food and décor.
What they lacked was a good name and location. Fill’er Up was located in an old gas station
on a busy road. Like too many hair
salons who use puns to name their businesses (The Hare Affair for a salon located in a former pet shop), Fill’er
Up played on what the former business was to name the sandwich shop. Good product, cute interior design – bad name,
bad location.
Two
months later Fill’er Up was closed.
What Went Wrong?
The
dreamers who opened Fill’er Up did not research:
- who the public would think the business was by naming it as a play on the former business,
- what the public would think of a restaurant located in an old gas station,
- why the service station closed.
Although
the location was on a priority road, it wasn't at an intersection. The addition of traffic lights on the street
made it nearly impossible to access from a left-hand turn and often cars were
backed-up and blocking the entrance. For
people specifically going to the location it was difficult – casual drive-by’s wouldn't make the effort to stop.
In
addition, not much effort was made to redesign the exterior building as the
owners thought the name would was a clever explanation of the new business.
It wasn't.
People
thought it was still a service station with out-of-order gas pumps.
How Does This Affect My Practice?
A
dental office is a service-related business and a lot can be learned from other
successful businesses. Even more can be
learned from businesses that failed.
Whether a restaurant, service station or another dental practice,
studying their mistakes can help you avoid similar problems when opening your
office.
Does Who Was There Before Matter?
Buildings
may go through many tenants over the years, but may remain associated by local
residence with one from several years back.
Take the Willis Building in Chicago as an example. For many, it will always be the Sears Tower.
Ask
questions about the history of the location, if it has any significance to the
community and what businesses have used the space. It may be great the space is already built out as a dental practice, but you may not want to be associated with the former doctor.
You don’t want your first patient saying, “I’m surprised you opened up here, considering what happened a few years back.”
You don’t want your first patient saying, “I’m surprised you opened up here, considering what happened a few years back.”
Next Article, Part
II: Location, Location, Location
Well written and insightful, this article certainly encourages one to consider factors most would overlook in seeking a good location. Great contribution! Thanks!
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