Written by By Gordon Osterhaus Wednesday, 07 March 2012 10:07
When I opened my dental office in 1980, I made a lot of mistakes and cursed the fact that this kind of business knowledge wasn’t available as part of my dental curriculum. But like many of my colleagues, I got through the ordeal, recovered from my blunders, and life went on. I was able to regroup because at that time my school debt was relatively low, as was the cost to start up a new dental office. Today, the stakes have risen dramatically. The majority of dental students graduate with six-figure debts, and the cost to build a new dental facility is much more, due to the complexity of the digital age. Today’s young dentists have less financial leeway than I did when it comes to making mistakes during a new office start-up. Yet for all the risks of starting a new office, training in how to do so is still ignored in dental schools.