March 14, 2018

Medical Is Great, But Don’t Forget The Optical

It Seems To Me Everywhere I look I hear about how everyone should go to the “medical model”. Honestly, I’m not sure exactly what that is. It seems to me everyone thinks they’re doing it, but no one is doing it the same way. And I get the importance of providing medical services, especially in...
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February 25, 2018

Six Reasons You Should Finance The Sale Of Your Practice.

Often times the sale of a practice boils down to financing. The good news is that, in my experience, for a practice with good cash flow and that is priced correctly, there are banks willing to finance 100% of the purchase. Unlike Loaning Money For A Car Or A House, There’s No Real Collateral Sometimes,...
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February 14, 2018

Is Your Appointment Schedule Losing You Money?

Here’s A Technique To Provide Efficient Clinical Care And Increase Your Bottom Line In a survey,  the AOA asked consumers how long they’d wait for an eye doctor appointment after having lost or broken eyeglasses, 40% said they would wait one day before seeking an appointment from another eye doctor, 24% said one week, 5%...
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January 30, 2018

Preparing To Sell Your Practice

Ten Years Out – 6 Things You Can Do Now I recently appeared on a blog by Nate Bonilla-Warford about how to prepare for selling your practice. Practitioners often find themselves in a position where they are ready to retire but can’t find anyone interested in buying their practice. They end up closing their doors...
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January 14, 2018

Can You Afford to Retire? Part Three: Sorry, selling your practice won’t be enough

Will It Be Enough? When planning your retirement, where does your practice sale come in? You’ve worked your whole life building it. Now that you’re ready to walk away, how much is it worth? Will it be enough to retire? Let’s use an example and find out. Assume you are 65 and want to retire...
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December 26, 2017


In Part One I stated that optometry is a great profession, and it can pay your bills, but passive income is what allows you to become independently wealthy.  The trick is to have the discipline to take some portion of your take-home from optometry and invest it where the  money can grow passively. Of course,...
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December 11, 2017

Can You Afford to Retire? Part One: How much do you need?

Can You Afford It? How Much Is Enough? Are you thinking about retiring from Optometry? Can you afford it? How much is enough? Rather than give you a number on how much you need to retire, let’s just talk about some general financial facts about optometry, and retirement. I Prefer The Following Definition We hear...
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October 17, 2017

The Patient Paperwork Problem

Recently, I witnessed an online gripe session of a bunch of optometrists and opticians on a popular social media platform and group.  The gist of the complaint was this: “On which planet does a new patient show up to an office and NOT expect to fill out paperwork?” There were several dozen comments on this...
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September 27, 2017

How Long Should The Owner Stay On?

For Small Practices, The Quicker The Better Are you thinking about buying someone’s solo practice? One important question to ask the seller: “Do you need to continue to work?” If the seller is financially dependent on working at the practice, it is a serious red flag. For most single-doctor practices, the seller should go as...
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