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buy practice
The Optometry Partnership Sale Formula for Success Should you consider bringing in a partner before selling? In earlier blogs we discussed selling your practice outright. In many cases the best exit strategy is to bring in a partner, maintaining a share of ownership. Advantages of Partnership Sale Here are some advantages: The senior partner shares...
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  Financing a Start-up Practice Local Versus National Bank My son Craig graduated from University of Houston College of Optometry last spring, and is opening a practice cold next spring.   I have been acting as an advisor.  We both learned some things that I think are worth sharing regarding financing. Business Plan and Forecast Craig...
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It’s All About Your Net “It’s not what you make, it’s what you keep.” Too many OD’s, and all physicians, get caught up in how much they gross every year. The focus on top line performance and pay scant attention to the amount they take home. Typical Optometry Practice Net Profit Net profit is the...
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Patient Charts Equity Value In our last blog, we discussed how accounting offices commonly buy client records from each other. Here is how that works. Most commonly they pay only for those clients that actually transfer, typically 20% – 40% of the amount that they collect for that client. How Can This Work For Optometry?...
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The Value of Your Patient Charts A sometimes overlooked value of your practice are your patient charts. Just as you have equity in your equipment and inventory, so have you equity in your charts. Let’s look at an example. Appraisal for an Optometrist’s Widow I performed an appraisal recently for a widow whose OD spouse...
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