According to a recent article in DentalTown magazine, the average general dentist makes $183,000 per year.
Here’s a daily breakdown assuming that the average dentist works four days per week, eight hours per day and takes two weeks of vacation per year:
Work Days: 200
Total Hours of Work: 1600
Average Production per day : $3050.00
Average Daily Pay: $ 915.00 (Assuming 30% production)
Average hourly pay: $114.37
So, if you are that “average “dentist, congratulations, $183,000 ain’t too shabby!
BUT… following this same formula, it takes the average general dentist 109.28 days to earn $100,000. That’s 874.3 hours of doing dentisty!
If you’re not sitting at the dental chair producing, producing, producing… then no money comes in.
If you’re running an in-office dental assisting school, it is possible to create a secondary income stream of $100,000+ without doing any additional dental procedures.
My personal time commitment for my dental assisting school is less than one hour per week. If you total that up, it’s about a 50 hour per year time commitment. At $100,000, it breaks down to over $2000 per hour! (Remember, I only spend one hour per week on the school because I enjoy teaching and getting to know the students. It is completely possible to have your assistants run the entire thing without your presence at all. Also remember that my school has netted over $100K per year for five years in a town of 11,000.)
After years of speaking to hundreds of dentists all over the country, most fall into one of two categories:
- Contented. These dentists love their career and what they do every day. Their dental income is more than enough to support their lifestyle and personal overhead. The dental assisting school concept appeals to them because they want to accelerate their retirement savings, college funds for their kids, and to help their families and community.
- Disgruntled. These dentists are completely overwhelmed and burnt out. They are working long, hard, grinding days and are starting to feel disenchanted with their career choice. They are stuck in the “dollars- for- hours cycle,” feel trapped by their personal and practice debt but have no idea how to break free from their situation. For these dentists, a dental assisting school will give them a way to generate income that is not directly tied to producing dentistry. It will allow them to spend more time doing things they enjoy doing and to take more time off. This can be accomplished while spending more time away from the practice! These types of dentists often rediscover their love and passion for dentistry once a bit of the pressure is removed.
Whether you belong to category #1, category #2, or are a combination of the two, a dental assisting school can help you to reach your ultimate goals; freedom, extra income, long term financial security and peace of mind.
All the Best,
Mark Costes, DDS
P.S. If you’d like to find out if your territory is still available or have any questions about our curriculum, please call Siony (pronounced Shawnee) at 928-830-4557 or email. Siony can also set up a conference call with me if you’d like.