Should you consider a new dental office or revamp your current? It will be one of your life’s biggest, if not the biggest, financial decisions. But not for the reason you think.
Your office and your skills are the keys to building wealth. The office is the instrument that allows you to utilize your skills to the greatest degree possible.
But it must be the right instrument for you and your manner of practice.
You need an office consistent and congruent with the quality of care you offer your patients. This is the secret to practice success.
Patients equate the appearance and quality of the office with the level of care you are capable of providing. In other words, your office appearance defines you and your skills.
Matching your office environment with the level of care you provide to your patients will significantly increase your patient count and result in a demand for a higher level of care.
Research shows that the right office environment leads to greater productivity and success.
The office plays a crucial role in building personal wealth.
It gives form to your future and serves as the structure upon which your wealth is built.
Wealth is built by minimizing taxes, inflation’s effects, and making good investments.
Minimizing taxes and the effects of inflation have the greatest influence on wealth accumulation.
The method to minimize the effects of inflation includes buying assets that generate revenue.
A dental office designed according to proven principles can serve as such an asset, minimizing the impact of inflation.
The use of cost segregation analysis for the new dental office can help minimize taxes. This technique, explained in the Dental Office Design Video Series, offers tax benefits.
Historically, well-designed dental offices have experienced a significant increase in production (38% increase for several successive years) after the doctor occupies the office.
This growth represents a great investment opportunity.
Building a dental office presents a unique opportunity to meet the requirements of building and retaining wealth. It allows for tax minimization, blunting the effects of inflation, and making good investments.
What has been described is a roadmap for moving forward and creating generational wealth.
Therefore, it is advisable to start designing your new office. Reach out to our design team today to start creating your dream office.