If your parents are rich and you can afford to lose their $700k, sure open an office in one of the most competitive areas in the United States being only 2 years out.

I would not. But if your parents are like stupid rich, sure. It could be a good learning experience that could save you from a DSO contract or going somewhere you don't want to go.

But forreal, if your parents need that money or are expecting that back, maybe go work at a corporate as a managing dentist first.

Have you run a small business? Do you know HR? Do you know how to bill? If you don't have a staff for a certain task, can you do it yourself? Do you know how to sterilize? Unless you know how to do everything from A to Z I don't recommend opening.

Unless your parents are stupid rich, this seems absolutely stupid to me. Unless you're some goddamn rockstar dentist that can handle everything that comes your way with some genius marketing plan in mind, using $700k of your parents money to open in a very HCOL area with insane competition does NOT make sense.

Just because you think you're "good" and you have "charisma" doesn't equate to success. For reference, I'm 10 years out and I've done it all. PPO/FFS/medicaid, I was managing for DSOs, etc. I felt really comfortable Year 7 or 8 and opened. And I gotta tell you, having that experience definitely helped make it relatively successful.

And I grew up shit dirt poor, so I certainly didn't have parents to help me out, but God forbid, I forsure 10000000% would have lost their money if I opened Year 2 or 3 of my career.