DWI CPD Test: How To Get The Right Finance Solution For Your Dream Dental Practice

1. Why is financing important for opening a dental practice?

It helps dentists avoid paying taxes

It makes dental treatments cheaper for patient

It allows dentists to buy the necessary equipment and set up their clinic

It prevents dentists from hiring staff

2. What should a dentist consider when creating a financial plan for their practice?

The number of social media followers

The color of the office walls

Equipment costs, staff salaries, and rent

How many vacations they can take

3. Why is it important to compare loan options before choosing one?

To find the best interest rates and repayment terms

To spend more money

To delay opening the practice

To avoid making a decision

4. What role does a business plan play in securing financing?

It reduces the chance of approval

It makes the process more complicated

It increases loan interest rates

It shows lenders a clear plan for success

5. Which financial mistake should be avoided when opening a dental practice?

Saving money for future expenses

Taking on too much debt without a repayment plan

Hiring trained staff

Offering patient financing options